According to the announcement released by China Securities Regulatory Commission (CSRC) at the night of April 6th, the listing application of KUKA Home Co., Ltd. has been approved.

According to KUKA’s pre-announcement share instruction on June 23, 2015, it had a sales revenue of 3.2397 billion RMB in 2014,with a 20.8% increase over 2.6817 billion RMB in 2013. The profit was 525 million RMB in 2014, fair to that in 2013.

As of the report period, KUKA has 9 regional marketing centers, 2,361 dealers stores; as well as 42 overseas dealers stores mainly in Southeast Asia and Australia.

Dealer stores and direct operating stores are the main sales channels of KUKA, from which the revenue accounted about 48% and 18% respectively. The total number of dealer stores domestic and abroad were 1874, 2219 and 2403 respectively by the end of 2012, 2013 and 2014. By the end of 2014, KUKA had 7,868 employees.

KUKA is mainly engaged in research & development, design, manufacture, and sales of middle and top grade upholstered furniture for living rooms and bedrooms, and its main products include sofas, soft beds, dining chairs, mattresses and their auxiliary products. Sofa is the main product of KUKA, the five product collections, i.e., the "Leisure Collection", "LA-Z-BOY Functional Collection", "KUKA HOME Full Leather Collection", "Fabric Collection" and "Sleep Center (soft bed)", form a product matrix meeting the demands of different consumer groups.

(Source: JJGLE.com)