Brand & Manufacturer 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 global brand matrix through successful acquisitions and integration of international brands like “LEDVANCE.” With operating revenue reaching RMB 16.91 billion in 2024, its business network spans over 150 countries and regions, supported by six major production bases. As one of the global leaders in the lighting industry, MLS has established its pivotal position in the global LED industry through its scalable manufacturing advantages, deep industrial chain synergy, and successful international brand operations.

Strengths: MLS's core strengths are the significant economies of scale and cost-control capabilities derived from its deeply vertically integrated industrial chain spanning from LED packaging to end lighting products, coupled with the rapid global channel expansion and brand matrix synergy achieved through successful acquisitions like “LEDVANCE,” effectively covering high-value segments from manufacturing to branding.

Weaknesses: MLS's main weaknesses are its relatively low net profit margin, facing profitability challenges despite its massive revenue scale, indicating its core business may be in a fiercely competitive red ocean market; concurrently, as a traditional manufacturer, the premium brand image and direct consumer awareness of its main brand “MLS” still require strengthening.

ChinaFounded 199720K+ / 100

Listed onSZSE002745

Last updated: November 2026·By VerityRank Research Team·Methodology

Listed market data

002745 · SZSE · weeklyHistory →

Market cap: $2.3 B
Share price: CNY 10.27
1Y change: +18.5%
Recent change: -0.6%
Since first close: +12.5%

· updated 2026-11-03

Financial history

Full market history

MonthCloseMarket capChange

2026-11CNY 10.27$2.3 B+1.7%
2026-10CNY 10.10$2.3 B-12.6%
2026-09CNY 11.56$2.6 B-2.7%
2026-08CNY 11.88$2.7 B+16.7%
2026-07CNY 10.18$2.3 B-18.9%
2026-06CNY 12.55$2.8 B+20.8%
2026-05CNY 10.39$2.3 B+9.5%
2026-04CNY 9.49$2.1 B+12.7%
2026-03CNY 8.42$1.9 B-7.6%
2026-02CNY 9.11$2 B-7.9%
2026-01CNY 9.89$2.2 B+3.3%
2025-12CNY 9.57$2.1 B—

Monthly closes · 2025-12 – 2026-11 · Full market history

Ownership & Control

Latest available filings

Controlling entity: Publicly held — no controlling shareholder disclosed
Company type: Brand & Manufacturer
Insiders: —
Institutions: —
Free float: —

Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.

MLS Co., Ltd. (Stock Code: 002745) is a leading Chinese LED lighting manufacturer founded in 1997 and headquartered in Zhongshan, Guangdong, China. 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. MLS has established itself as an industry leader in LED packaging and lighting applications with massive revenue scale and comprehensive industry chain layout.

Core Business

MLS's core business centers on the LED industry chain, spanning from mid-stream packaging to downstream lighting application products and light environment solutions. Main lighting products include Ceiling Lights, Chandeliers, Ceiling Fan Lights, and Professional Lighting solutions. The company also offers Ambient and Decorative Lighting including LED strips and decorative fixtures. MLS operates under a vertical integration and brand operations dual-driven model, with brands including and (LEDVANCE) enabling comprehensive market coverage. The company also actively expands into emerging fields like plant lighting and air purification through its "" brand.

Global Presence

MLS operates 10 production bases across Guangdong, Jiangxi, and Zhejiang provinces, producing over 5 billion lighting products annually with a 75% process automation level. The company's global market coverage spans more than 150 countries and regions, achieved primarily through the LEDVANCE brand international sales network. This extensive global footprint makes MLS one of the most internationally diverse Chinese lighting manufacturers.

Key Strengths

MLS's competitive advantages include its position as a leading Chinese LED packaging and lighting application enterprise with 2024 annual revenue of RMB 169.10 billion and H1 2025 revenue of RMB 79.19 billion. The company's successful international brand acquisition of LEDVANCE has significantly enhanced its global market penetration. R&D investment totaled RMB 3.92 billion in 2024, demonstrating strong commitment to technological innovation. Net profit attributable to parent shareholders was RMB 3.74 billion in 2024 and RMB 1.54 billion for H1 2025, showcasing sustainable profitability and operational excellence.

VerityRank Score

VerityRank Score of 80/100

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

VerityRank Score

80/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Zhongshan, Guangdong, China

Founded

1997

Employees

20K+

Market cap

$2.3 B

Presence

150+ Countries

Listing

SZSE: Listed

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Industry rankings

Manufacturer Rankings in the Home Lighting Industry Company Rankings in the Home Lighting Industry

#6 →OPPLE Lighting Limited

Press coverage

Data Sources & Methodology

This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.

VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.

Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.

Key references: SZSE : 002745

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