Many home furnishing enterprises of China release the financial report of the first half year successively

Source:JJGLE.COM

More than half a year has passed in 2017, but the home furnishing market remains the high enthusiasm.

More than half a year has passed in 2017, but the home furnishing market remains the high enthusiasm, and OPPEIN, Qumei, Mlily and other home furnishing enterprises release the financial report of the first half year of 2017 successively. Some enterprises' year-on-year profit growth is nearly 17 times, and others' is 50%.

 

OPPEIN: The revenue is nearly RMB 3.9 billion, with a year-on-year growth of more than 30%.

 

On Aug. 4, OPPEIN released its semi-annual preliminary earnings estimate announcement of 2017 through the official website of Shanghai Stock Exchange. The announcement reveals that the gross revenue of OPPEIN from Jan. to Jun. is RMB 3.875 billion, with a year-on-year growth of 34.69%. The net margin belonging to shareholders of listed companies is RMB 414 million, with year-on-year growth of 33.42%.

 

OPPEIN points out in the announcement that the stable rise of the performance mainly benefits from being driven by the commode and cabinet business. Meanwhile, during the rapid growth of the revenue, the expenditure increase is controlled effectively, thus making the net margin belonging to shareholders of listed companies increase by 33.42%.

 

A-Zenith: The revenue is RMB 254 million, with a year-on-year growth of 2.69%.

 

On Aug. 15, A-Zenith released 2017 mid-term report. Within the reporting period, the company realized the operating revenue RMB 254 million, with a year-on-year growth of 2.69%, the net profit is RMB 229.589 million, making a year-on-year growth of 5.97%. The earnings per share is RMB 0.10.

 

Within the reporting period, the company adheres to making the structure and layout according to the new five-year strategic plan, leads the mid-to-high end consumer market with the art home furnishing of Shanghai school, follows the general trend of domestic and foreign home furnishing consumer market change, takes the brand marketing road of "life-style scene of Shanghai school", insists on implementing the strategic orientation of "multi-brand and big home furnishing" and promotes the "product + service" refinement strategy.

 

Qumei Household The revenue is RMB 882 million, and the net margin is RMB 106 million.

 

On Aug. 15, Qumei released the financial report of the first half year of 2017, and the operating revenue is RMB 882 million, with a year-on-year growth of 29.73%; Net margin of RMB 106 million belonging to shareholders of listed companies and year-on-year growth of 45.57%;

 

As of the end of reporting period, Qumei has had 343 dealers and 810 franchised stores. Among them, there are 14 franchised direct-sale stores of the company and 796 dealer's franchised stores.

 

KUKA Home The revenue is RMB 3.111 billion, with a year-on-year growth of 50%.

 

On Aug. 22, KUKA Home released the financial report of the first half year of 2017. Within the reporting period, KUKA Home realized the operating revenue RMB 3.111 billion, with a year-on-year growth of 54.63%; The net margin belonging to shareholders of listed companies is RMB 388 million, with a year-on-year growth of 42.61%. The overall growth momentum is good.

 

KUKA Home specializes in the research, design, production and sales of the high-end upholstered furniture products in the living room, dining room and bedroom. Its main products are sofa, soft bed, dining chair, bed mattress, etc., and the sofa is its core product. The domestic sales mainly adopt the sales model of "direct sales + franchised dealer" supplemented by other sales modes such as e-commerce and factory direct sale; The overseas sales mainly adopt the sales model of "ODM + dealer + direct sales".

 

Mlily: The revenue is RMB 1.043 billion, with a year-on-year growth of 34.63%.

 

On Aug. 25, Mlily released the financial report of the first half year of 2017. The company achieves RMB 1.043 billion operating revenue in January-March 2017, making a year-on-year growth of 34.63%. Net margin of RMB 113 million belonging to shareholders of listed companies and year-on-year growth of 40.28%;

 

The memory foam mattress of Mlily in the first half year realized the revenue RMB 544 million, and the memory foam pillow realized the revenue RMB 252 million, keeping the stable growth momentum. For the foreign channels, Mlily directly provides ODM products for JYSK, MACY'S, LOWE'S and other famous enterprises, and OBM is focused on the dealer. Mlily mattress and pillow are exported to various countries around the world, including Australia, Canada, France, Japan, Malaysia, the United Kingdom and the United States.

 

(Source:JJGLE.COM)

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