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Brand VerifiedChina
MLS Co., Ltd.
MLS Co., Ltd. (SZSE: 002745) is a leading listed enterprise in China's LED packaging and lighting application sector, headquartered with its core manufacturing base in Zhongshan, Guangdong. The company operates under a dual-drive model of “vertically integrated manufacturing + brand operation,” covering the entire industry chain from LED packaging to finished lighting products, and has built a glo
ChinaEst. 199720K+SZSE : 002745
Business Nature
Vertically integrated lighting manufacturer:
• In-house design, R&D, production, and distribution
• Owned factories + global supply chain network
• Own brand business + OEM operations running in parallel
Manufacturing network:
Owned factories: 10 production bases Guangdong, Jiangxi, Zhejiang
Annual output: Over 5 billion lighting products
Automation level: 75% process automation
Workforce: 28,000+ professional team
Full industry chain advantages:
LED chip manufacturing
Packaging technology
Finished product assembly
Global distribution
Core Business Areas
Company: MLS
Field: Core
Main Lighting — [Core Products]
Ceiling Lights Series: Ceiling lights in various styles and sizes
- Chandelier Series: Modern chandeliers, crystal chandeliers, dining chandeliers
- Ceiling Fan Lights: Combined lighting and fan functionality
- Professional Lighting: High-quality residential lighting solutions
Ambient & Decorative Lighting — [Decorative Lighting]
LED Strips: Smart color-changing LED strips, decorative strips
- Projection Lights: Ambient projection lights, decorative lighting
- Wall & Table Lamps: Decorative wall lamps, table lamps, night lights
- Aromatherapy Lamps: Scented candle lamps and other ambient lighting fixtures
Functional Work Lighting — [Practical Lighting]
Eye-Protection Desk Lamps: Professional eye-care desk lamps, reading lamps
- Sensor Lights: Cabinet sensor lights, closet lights
- Vanity Mirror Lights: Lighted makeup mirrors
- Security Lights: Security lighting fixtures
Smart Tech Lighting — [Key Development Focus]
Smart Bulbs: Voice-controlled smart bulbs
- APP Control: Mobile app smart dimming control
- Sensor Lighting: Motion-sensor smart lights
- Smart Systems: Whole-home smart lighting systems
Outdoor Lighting — [Outdoor Lighting]
Solar Lights: Solar garden lights, lawn lights
- Waterproof Wall Lights: Outdoor waterproof fixtures
- Motion Sensor Porch Lights: Motion-activated porch lights
- Landscape Lighting: Garden landscape lighting systems
Kids & Creative Lighting — [Creative Lighting]
Projection Lights: Star projectors, pattern projection lights
- Decorative Shape Lights: Fun-shaped lighting fixtures
- Creative Lights: Innovative design lighting products
Classification Codes: 5.1, 5.2, 5.3, 5.4, 5.5, 5.6
Note: MLS offers a full range of products in the residential lighting sector, leveraging cost-effectiveness and manufacturing scale as core advantages to deliver complete residential lighting solutions.
Main Lighting accounts for 40% of residential lighting revenue
Core Product Performance:
Ceiling Lights Series: Various styles and sizes, price range 80-800
Chandelier Series: Modern, crystal chandeliers, etc., price range 120-1,200
Ceiling Fan Lights: Lighting + fan functionality, price range 150-900
Professional Lighting: High-quality home lighting fixtures, price range 100-600
Ambient & Decorative Lighting accounts for 10% of residential lighting revenue
Decorative Lighting Products:
LED Strips: Smart color-changing strips, price range 25-150
Projection Lights: Ambient projection fixtures, price range 30-120
Wall & Table Lamps: Decorative lighting fixtures, price range 40-200
Night Lights: Smart night lights, price range 15-80
Functional Work Lighting accounts for 15% of residential lighting revenue
Practical Lighting Products:
Eye-Protection Desk Lamps: Professional eye-care functionality, price range 60-300
Sensor Lights: Smart sensor fixtures, price range 20-100
Vanity Mirror Lights: Lighted vanity mirrors, price range 80-350
Security Lights: Security lighting fixtures, price range 90-400
Smart Tech Lighting accounts for 20% of residential lighting revenue
Smart Lighting Products:
Smart Bulbs: Voice-controlled bulbs, price range 30-150
APP Control: Smart control fixtures, price range 80-400
Sensor Lighting: Smart sensor systems, price range 50-250
Smart Systems: Whole-home smart lighting, price range 300-1,500
Outdoor Lighting accounts for 12% of residential lighting revenue
Outdoor Lighting Products:
Solar Lights: Solar garden lights, price range 40-180
Waterproof Lighting: Outdoor waterproof fixtures, price range 60-280
Motion Sensor Lighting: Motion sensor fixtures, price range 50-220
Landscape Lighting: Garden landscape fixtures, price range 45-200
Kids & Creative Lighting accounts for 3% of residential lighting revenue
Creative Lighting Products:
Projection Lights: Star projection fixtures, price range 35-120
Shape Lights: Fun-shaped lighting, price range 25-100
Creative Lights: Innovative design products, price range 40-150
Industry Rankings
Corporate Report
MLS Co., Ltd. Executive Summary
Company Overview
MLS Co., Ltd. (Stock Code: 002745) is a leading Chinese LED lighting manufacturer founded in 1997 and headquartered in Zhongshan, Guangdong. Listed on the Shenzhen Stock Exchange, the company operates through a dual-driven business model combining vertical integration with brand operations, encompassing design, R&D, production, and sales as an integrated proprietary brand manufacturer.
Key Financials
MLS demonstrates substantial scale with 2024 annual revenue of 169.10 billion yuan, positioning the company as an industry leader. First-half 2025 revenue reached 79.19 billion yuan. Net profit attributable to parent shareholders was 3.74 billion yuan for 2024 and 1.54 billion yuan for H1 2025. R&D investment totaled 3.92 billion yuan in 2024.
Business Segments
The company's core business centers on the LED industry chain, spanning midstream packaging to downstream lighting applications. Primary products include LED luminaires, light sources, and smart lighting systems for residential applications. MLS has diversified into emerging areas including plant lighting and air purification through its "Air Purification World" brand.
Competitive Advantages
MLS maintains significant competitive strengths through vertical integration of the LED supply chain, enabling cost control and operational efficiency. The company's multi-brand portfolio—including MLS, LEDVANCE, Forest Lighting, and Light Source Family—generated over 55% of 2024 revenue from the LEDVANCE brand alone, supporting market penetration across diverse segments. Global operations span 150+ countries and regions through 60+ overseas subsidiaries and six production bases across China and Mexico. With 20,000+ employees, eight R&D centers, and 1,900+ authorized patents (including 800+ invention patents), MLS possesses substantial technological capabilities and manufacturing scale.
Challenges
The company faces pressure on profitability amid cost fluctuations and intensifying market competition. Continued focus on brand elevation and market diversification will be essential for sustaining growth.
Quick Facts
Headquarters
Zhongshan, Guangdong, China
Founded
1997
Employees
20K+
Listing
SZSE: Listed
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