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Bathroom Brand News

Panasonic, Lixil, TOTO in the top three Japanese building materials companies sales

According to foreign media reports, Japanese companies Panasonic, Lixil and TOTO have become the top three building materials companies in the country with sales of 150.73 billion yen, 137.82 billion yen and 580.9 billion yen in fiscal year 2020, respectively. All three companies sales decreased year-on-year, including Panasonic decreased by more than 20%, Panasonic operating profit also fell than last year, while Lixil and TOTO increased. It is reported that the headquarters of the three companies are located in Osaka, Tokyo and Fukuoka.

 

Moen Named Preferred Partner of U.S. Builders

Moen was recently named a National Preferred Partner by David Weekley Homes, one of the largest private homebuilders in the United States, for its excellent product and service quality. Moen is committed to providing its customers with well-designed products while maintaining the highest level of quality and customer service, said Mark Davis, Moen senior strategic account manager. The company is honored to receive this designation.

 

Roca Group Completes Divestment of Spanish Tile Busines

On August 31, Grupo Lamosa of Mexico completed the acquisition of Grupo Roca’s tile business for approximately $260 million. The transaction between Grupo Lamosa and Grupo Roca was approved by the shareholders’ meeting and will be financed by a $200 million bank loan for debt. This involves seven banks with an average duration of 4.3 years and a maturity date of five years. The remaining portion of the amount will be financed by the La Mossa Group’s own funds. It is worth noting that this business acquisition also includes the INCEPA, USCT and GALA brands of the Roca Group.

 

Huida and LA’BOBO formally signed a merger agreement

Recently, Huida bathroom announced that the company increased its capital with 130 million yuan of monetary funds in Beiliu City New Shengda New Material Co. After the completion of this transaction, Huida bathroom indirectly holds Guangxi Xingaosheng thin building ceramic Co., Ltd (LA’BOBO brand) 70.61% of the equity, becoming its controlling shareholder. In August 30, Huida bathroom and the new Goshen, Beiliu municipal government in the new Goshen factory signed a strategic cooperation agreement respectively. The Huida bathroom and LA’BOBO formally signed a merger and acquisition agreement. Both sides will carry out deep integration from production, R&D, products, sales, channels, team, business management and many other aspects.

 

Hegii chairman Xie Weifan was elected as the new Sanshui District Federation of Industry and Commerce (Chamber of Commerce) chairman

On August 30, the 12th General Meeting of the Foshan Sanshui District Federation of Industry and Commerce (Chamber of Commerce) was held. The General Assembly elected the 12th Executive Committee of the Sanshui District Federation of Industry and Commerce (Chamber of Commerce) as the Chairman, Vice Chairman, Vice President, Secretary-General, Standing Committee Members, Deputy Secretary-General and Chairman and Supervisors. Mr. Xie Weifan, Chairman of Hegii Sanitary Ware Group Co., Ltd. was elected as the new Chairman of the Sanshui District Federation of Industry and Commerce (General Chamber of Commerce).

 

Jomoo Group posted sales of 7.5 billion in the first half of the year, an increase of 45% year-on-year

On August 31, Jomoo Group officially released its financial results for the first half of 2021. In the first half of the year, the Jomoo Group’s sales reached 7.5 billion yuan, an increase of 45% year-on-year. Of this, the retail business grew 35% year-on-year. The commercial business grew 65% year-on-year. Jomoo’s brand value exceeded 50.578 billion yuan, continuing to maintain the first share of the bathroom industry in China and the fourth in the world.

 

Arrow sanitary ware held a “920 Arrow Super Brand Day” kick-off meeting

Recently, Arrow Sanitary held a “920Arrow Super Brand Day” kick-off meeting. It is online and offline resources to focus on publicity and momentum. It is interacting through the terminal stores, efficient joint efforts to empower the terminal market, with the determination to win, and strive to “win the war 920”. “Arrow super brand day” is the annual brand carnival Arrow bathroom. Smart toilet, custom sanitary ware, showerhead, custom shower room multi-category new products were released at the meeting. It has good price and good service. It’s linking online and offline stores to create a brand promotion festival belonging to Arrow.

 

SSWW Sanitary joint Shake to create Doulife Home Festival

Recently, SSWW bathroom announced that it will jointly participate in the second season of “Doulife Home Festival” launched by ShakeYin on September 9. It is reported that SSWW in this event together with the “Doulife Home Festival”, in conjunction with the China Association of Quality Inspection, fashion home, live small help, to bring users “than the big brand, choose the design, and buy good things” one-stop service.

 

Megmeet intelligent bathroom products revenue increased by 69.17% year-on-year

In the evening of August 27, Megmeet released its 2021 semi-annual results report, saying that the company’s revenue for the first half of the year was about 1.938 billion yuan, an increase of 25.7% year-on-year. Net profit attributable to shareholders of the listed company earned about 195 million yuan, an increase of 26.76% year-on-year. Products related to the smart bathroom industry, whose operating income reached 206 million yuan, an increase of 69.17% year-on-year.

Unit: Yuan

  Current reporting period Same period of previous year Year-on-year increase or decrease
Amount Share of operating revenue Amount Share of operating revenue
Total operating income 1,937,751,286.54 100% 154,539,386.92 100% 25.70%
By Industry
Smart Bathroom 205,918,347.81 10.63% 121,720,190.33 7.90% 69.17%
Power Electronics 1,731,832,938.73 89.37% 1,419,819,196.59 92.10% 21.98%
Sub-products
Intelligent home appliance electric control products 1,017,300,706.37 54.05% 716,695,706.69 46.49% 46.13%
Industrial power supply 391,964,395.41 20.23% 345,117,695.16 22.39% 13.57%
Industrial port motorization products 404,829,911.99 20.89% 194,527,647.91 12.62% 108.11%
New Energy and Rail Transit 87,454,662.47 4.51% 261,071,723.15 16.94% -66.50%
Other Businesses 6,201,610.30 0.32% 24,127,614.01 1.57% -74.30%
By Region
Domestic Sales 1,422,692,870.02 73.42% 1,084,054,484.86 70.32% 31.24%
Foreign Sales 515,058,416.52 26.58% 457,484,902.06 29.68% 12.58%

 

Orans carried out a strategic summit for core distributors in Jiangxi

On August 26th, the Orans Jiangxi Core Dealer Strategy Summit was successfully concluded in Jiujiang Xiyinmen. The summit was fully supported by Jiangxi Jiujiang Xiyinmen building materials and home furnishing mall, Orans Jiangxi operation center has changed the operation mode of the previous distribution of small stores to enter the local high-end stores. Its high-end brand and affordable price lead the brand’s comprehensive layout. The summit held in Jiangxi Jiujiang Xiyinmen is a major move to upgrade the overall brand of Orans, and also lays a solid foundation for the high-end positioning of Orans brand in Jiangxi market.

 

Vanke Caijhu leadership and his party visited CRW bathroom headquarters

On August 26th, Vanke Caijhu company leaders visited CRW Sanitary headquarters, CRW Sanitary Group Chairman Pang Jianfeng, CRW Sanitary Group President Liang Huizhi and senior executives warmly received CRW 5G automatic production of intelligent production lines and automated CNC production and standard industrialized R & D base left a deep impression on the inspectors. It is understood that Caizhu e-commerce platform is a well-known domestic third-party B2B building materials procurement trading platform. It is committed to integrating and creating a green supply chain for real estate.

 

Aosman bathroom signed cooperation with Beijing Zhaoge to create a new mode of content marketing

On August 30, Aosman Sanitary Ware and Beijing Zhaowei held a signing ceremony. They formally reached a brand content marketing partnership and started a new cooperation journey. Both sides are confident in this cooperation and hope that through this content marketing integration cooperation, they will further convey the market positioning of “high-end custom bathroom” to consumers. On the other hand, Aosman will further enrich the marketing content of the company and establish the emotional factor between the brand and consumers.

 

Bolina bathroom held 2021 dealer conference Shanxi station

Following the launch of the Bolina Sanitary Ware Dealer Conference Zhangzhou Station on August 25, Bolina Sanitary Ware Domestic Marketing Center General Manager Qiu Cheyan resolved to take Shanxi as a model market and will expand the channel. On August 26-27, a 2-day-1-night “expand channels – strong terminal – win the future” Bolina bathroom 2021 VIP dealer conference Shanxi station opened. The meeting aims to promote the interaction between marketing elite and the company, reward the excellent dealers, encourage dealers and Bolina bathroom common development, and analyze and discuss the current situation of the bathroom industry and the future development trend and other issues.

 

Home brand dynamics

Diou Home’s net profit in the first half of the year was about 273 million yuan, an increase of 8.19% year-on-year

Diou Home released its semi-annual performance report in the evening of August 30, saying that its operating revenue in the first half of 2021 was about 3.13 billion yuan, an increase of 5.7% year-on-year1. Net profit attributable to shareholders of the listed company earned about 273 million yuan, an increase of 8.19% year-on-year. Bathroom supplies revenue in the first half of the year was 332 million yuan, accounting for 10.6% of operating income, an increase of 82.47% year-on-year.

  Current reporting period Same period of previous year Increase or decrease in the current reporting period compared with the same period of the previous year
Operating income (yuan) 3.129.970.035.08 2,705,149,571.14 15.70%
Net profit attributable to shareholders of the listed company (yuan) 272,662.433.85 252,020,357.88 8.19%
Net profit after extraordinary gain or loss attributable to shareholders of the listed company (yuan) 262,098.363.38 246.746,260.38 6.22%
Net cash flow from operating activities (yuan) -59.911,374.56 8.498,707.61 86.34%
Basic earnings per share (yuan/share) 0.7193 0.6650 8.17%
Diluted earnings per share (yuan/share) 0.7177 0.6603 8.69%
Weighted average return on net assets 6.23% 6.69% 下降0.46%
  At the end of this reporting period End of previous year Increase or decrease at the end of this reporting period compared with the end of the previous year
Total assets (yuan) 9.583.916.512.39 8.966.193,186.21 6.89%
Net assets attributable to shareholders of listed companies (yuan) 4.465.806.940.85 4,257,546.807.84 4.89%

 

Red Star Macalline, China National Exhibition (Guangzhou) and the five major brands signed a strategic cooperation

Recently, Red Star Macalline, China National Fair (Guangzhou) and the Nordic E, M & D, in to the letter, Skyline, can be to the home and other five major brands signed a strategic cooperation agreement. In the future, the five brands will rely on the resource advantages of Red Star Macalline and China National Fair, led by the new positioning of “design-led, internal and external circulation, the whole chain of synergy”, giving full play to the unique “exhibition-shop alliance” new model of the domestic furniture exhibition industry, actively empowering to The new pattern of the main domestic cycle.

 

The net profit of Shangpinzhai in the first half of the year was 42.64 million yuan, an increase of 134.74% year-on-year

On August 27, Guangzhou Shangpin Home Furnishing Co., Ltd. released its 2021 semi-annual report. The company achieved operating revenue of about 3.177 billion yuan in the first half of the year, an increase of 40.19% year-on-year. Net profit attributable to shareholders of the listed company was RMB42.64 million, an increase of 134.74% year-on-year. By relying on the strategic positioning of “looking at BIM to do decoration and set furniture”, the total revenue of the whole decoration channel (full-caliber, including furniture packages) in the first half of the year was about 492 million, an increase of 97% year-on-year.

  Current reporting period Same period of previous year Increase or decrease in the current reporting period compared with the same period of the previous year
Operating income (yuan) 3377,036.300.79 2,266.225.995.49 40.19%
Net profit attributable to shareholders of the listed company (yuan) 42.641362.31 -122,738,503.17 134.74”
Net profit after extraordinary gain or loss attributable to shareholders of the listed company (yuan) 12,817,131.18 -146.416,775.02 108.75%
Net cash receivable from operating activities (yuan) -398,635,814.56 -550.863.999.11 27.63%
Basic annual earnings per share (yuan/share) 0.21 62 133.87%
Diluted earnings per share (yuan/share) 0.21 62 133.87%
Weighted average return on net assets 1.21% 356% 4.77%
  At the end of this reporting period End of previous year Increase or decrease at the end of this reporting period compared with the end of the previous year
Total assets (yuan) 7,087,050.061.11 6.239.433209.45 13.58%
Net assets attributable to shareholders of listed companies (yuan) 3525518,684.86 3,505,028,518.98 0.58%

 

Artisan home knocking clock listing is imminent, raising more than 1 billion

On August 30, Changzhou Artisan Unique Intelligent Home Co., Ltd. opened a subscription, subscription abbreviation for Artisan Home. This means that another upholstered home furnishing enterprise landed on the A-share market. The total number of shares issued by Craftsman Home is 20 million, the purchase price of 72.69 yuan. According to the prospectus disclosure, the IPO to raise funds of 1.008 billion yuan, planned for the new intelligent furniture production base project, new R & D center project, and new marketing network project. Craftsman Home is mainly engaged in the research and development, design, production and sales of intelligent electric sofas, intelligent electric beds and core accessories.

 

Dongguan Rong Yi (Yuan Run) home bankruptcy, was listed on the New Third Board

Recently, Dongguan Intermediate People’s Court of Guangdong Province announced a ruling shows that Guangdong Rong Yi Home Co., Ltd. was applied for bankruptcy liquidation because of the inability to pay off debts due and the apparent lack of solvency. It is understood that Rong Yi Home is still in default of payment to many suppliers. It has a large number of unsettled debts due, and has stopped production and business. In this regard, Rong Yi Home said that it has indeed been unable to operate normally. The relevant site has been vacated by the landlord and agreed to go into bankruptcy liquidation. Rong Yi Home was established in 2008. In 2016, it registered on the

 

Industry News

Arrow Home and 10 other companies to be awarded the City Government Quality Award in 2021

On August 27, the secretariat of the Foshan Municipal Government Quality Award Review Committee released the list of enterprises to be awarded the Foshan Municipal Government Quality Award in 2021. A total of 10 enterprises, including Guangdong Jinyi (Group) Ceramics Co., Guangdong Zhongqi New Materials Co.

Xiamen, Fujian, the first half of the plumbing and kitchen industry exports amounted to 13.827 billion

On August 31, from Xiamen Kitchen Association was informed that Xiamen plumbing and kitchen industry continued to maintain a strong growth trend in the first half of this year. Its exports reached 13.827 billion yuan, an increase of 27.7% year-on-year. At present, Xiamen has about 200 sanitary ware enterprises, indirectly for the sanitary ware enterprises to do supporting services for more than 5,000 enterprises. Their products mainly when the production of hardware faucets, valves, floor drains, pendants, plastic shower, tank accessories, toilet lids, hoses, intelligent sanitary ware and so on.

A number of ceramic and sanitary enterprises were included in the carbon emission trading quota management list

On August 26, the Shenyang Ecological Environment Bureau released a list of key emission units included in the management of the city’s carbon emission trading allowances for 2019-2020. Shenyang Risshun Ceramics Co., Ltd, Shenyang Kohler Sanitary Ware Co., Ltd, Shenyang Risheng Ceramics Co., Ltd, Shenyang King Ceramics Co. and many other ceramic-related enterprises are listed. It is reported that the Shenyang carbon emissions trading market is expected to go online in September, the city’s total carbon allowances for emission-controlled enterprises is about 27 million tons, non-emission-controlled enterprises and individuals can also participate in carbon trading.

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