China Tech Source

MLS (木林森)

木林森

ODM in Zhongshan

Company Overview

Mulinsen (002745.SZ) is the world's #1 LED packaging + lighting company by revenue. 2024 revenue RMB 16.9B. Owns LEDVANCE (former Osram general lighting business, Germany HQ) and SYLVANIA (North American brand) — global brand portfolio. LEDVANCE SMART+ smart lighting line. Mexico factory operational since Q3 2023 (USMCA exempt, avoids US tariffs). **2025 massive loss: -RMB 1.48B net profit** (-495% YoY) — significant risk signal requiring caution.

Capabilities

Product CategoriesLED packaging, general lighting, LEDVANCE SMART+ smart lighting, VIVARES Zigbee IoT, industrial lighting
Technology StackFull LED value chain (chip + packaging + brand), Zigbee, Matter, LEDVANCE SMART+ ecosystem
Service ScopeODM / OEM / LEDVANCE & SYLVANIA brand operations
Markets ServedGlobal 150+ countries via LEDVANCE; 60% overseas
Engagement ModelFull-service ODM

Technology Stack

Full LED Value ChainZigbeeMatterLEDVANCE SMART+VIVARES IoT

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