Aurora expands furniture business, plans to establish Aurora Jiangsu and build second furniture production base
Now we plan to set up Aurora Jiangsu and spend huge sums of money to build a second furniture production base in Nantong, Jiangsu.
On January 21, Aurora revealed that consolidated revenue for the first three quarters was 10.243 billion yuan, net profit after tax was 1.018 billion yuan, and EPS was 4.53 yuan, lower than the EPS of 5.02 yuan in the same period last year.
The general manager of Aurora Ma Zhixian said that due to the increase of 100 million yuan in income tax on mainland investment income, it affected EPS of 0.44 yuan, and the new International Accounting Standards Bulletin No. 16 was put on the road. Huizheng's equity has asset losses due to the depreciation of the Renminbi. If the above interference is deducted, the profit in the first three quarters is the same as last year.
Regarding future development plans, Ma Zhixian said that the mainland OA and furniture business opportunities are large, and the proportion of Aurora's mainland OA business supply and service has increased, approaching the 50% mark. It is also aimed at the top of the color machine market, and the mainland OA market share has further increased.
Ma Zhixian pointed out that the furniture business is expanding, setting up a 100% stake in Aurora Jiangsu, expanding the second furniture production base in Nantong, Jiangsu, and planning to belong to a fully functional furniture, electronic logistics and education park.
It is reported that Aurora office furniture was built and put into production in Shanghai Jiading District in 1996, and established Shanghai Jiading Headquarters Company. The production base covers a total area of 242,000 square meters, including factory buildings, office areas, living parks and education centers. A total of 30 million US dollars.
In 2003, the 38-story Aurora International Building, located on the Huangpu River in Lujiazui, Pudong New Area, was officially opened.
Now we plan to set up Aurora Jiangsu and spend huge sums of money to build a second furniture production base in Nantong, Jiangsu.