Kuka furniture turnover 2018: Revenue of 4.049 Billion Yuan, Increase of 30.15%
China's Kuka Released 2018 Semi-Annual Report
On August 22, Kuka released the first half of the 2018 financial report. During the reporting period, Kuka realized operating income of 4.049 billion yuan, an increase of 30.15% over the same period of last year; net profit attributable to shareholders of listed companies was 438 million yuan, an increase of 24.36% over the same period of last year. The overall growth momentum is not as good as the same period last year.
Semi-Annual Report 2017，2018 of Kuka：Sales profits, Year-on-year growth, Net profits, Year-on-year growth
On October 14, 2016, Kuka was listed on the Shanghai Stock Exchange, mainly engaged in sofas, soft beds, dining chairs, mattresses, etc., among which the sofa is its core product. Domestic sales mainly adopt the sales mode of “direct sales + franchise distribution”, supplemented by other sales methods such as e-commerce and factory direct sales; overseas sales mainly adopt the sales mode of “ODM+distribution+direct operation”.
In the first half of 2018, Kuka vigorously promoted channel construction and entered 84 cities. While focusing on the construction of traditional channels, Kuka will actively explore new channels and enter property and shopping malls.
Since 2018, Kuka has actively acquired domestic and overseas standards such as Natuzzi and Bilchi, and has deployed high-end software and custom home markets, while investing in real estate.
Although Kuka achieved double growth in revenue and net profit during the reporting period, compared with the rapid growth of 42.90% in the first quarter, the net profit growth rate decreased to 24.36%. From the third quarter of 2016 to the present, Kuka's net profit growth curve is flat as a whole, showing a downward trend in the past two quarters.
(Source: JJgle.com)
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