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Q1 Domestic And International Situation: Solux 73.64 Million, Huida 40.23 Million, R&T Plumbing Tech 30.56 Million, Lixil 700 Million, Mascot 2.3 Billion…

Original Kitchen And Bathroom Industry Mainstream Media Kitchen And Bathroom Information

With the domestic epidemic under effective control and the strong economic recovery, all industries are showing restorative growth and sales are picking up and growing.

Kitchen and bathroom information

According to most of the bathroom, home listed companies disclosed in the first quarterly report, learned that most of the bathroom, home enterprises to achieve net profit growth, and even have the net profit attributable to nearly 8 times year-on-year. However, there are also a small number of net profit fell year-on-year, but the rate of decline compared to the same period last year has narrowed. Affected by the price hike at the end of last year, raw materials such as wood, copper and other building materials are currently maintaining a high trend. Britain, Australia, Germany and other building materials industry was affected, Hansgrohe and other recently released price increases. The related impact is more responsive to the financial statements of major companies.

 

Domestic

Huida bathroom first quarter net profit of 40.231 million, up 39.8% year-on-year

Huida bathroom 2021 quarterly report shows that the company achieved a total operating income of 710 million in the first quarter of 2021, an increase of 43.1% year-on-year. Achieved net profit attributable to the mother of 40.231 million, an increase of 39.8% year-on-year. The report shows that the company’s operating costs for the first quarter of 2021 were 510 million, an increase of 46.6% year-on-year. The increase in both operating income and operating costs were due to the increase in sales volume.

Dongpeng Holdings reported total operating revenue of $1.13 billion for the first quarter, up 135.3% year-over-year

Dongpeng Holdings reported a total operating revenue of 1.13 billion for the first quarter of 2021, an increase of 135.3% year-on-year. Dongpeng Holdings said that the domestic epidemic was under control and the economic and social order returned to normal. “Distribution + engineering” two-wheel drive marketing policy, new product launches, revenue growth.

R&T Plumbing Tech reported net profit of $30.565 million in the first quarter, up 44.8% year-on-year

R&T Plumbing Tech reported in the first quarter of 2021 that the company achieved a total revenue of 330 million in the first quarter of 2021, up 76.3% year-on-year. Net income was $30.565 million, up 44.8% year-over-year. R&T Plumbing Tech said its first quarter operating income fell short of expectations due to a spike in raw material prices and rising labor costs.

Seagull Sumitomo achieved total operating revenue of $790 million in the first quarter, up 75.1% year-on-year

Seagull Sumitomo released its first quarterly report on April 30, 2021, showing that the company achieved total operating revenue of 790 million in the first quarter of 2021, an increase of 75.1% year-on-year. Achieved net profit attributable to the mother of 24.108 million, compared with -20.977 million in the same period of the previous year, turning a loss into profit.

Diou Home’s net profit for the first quarter was 75.702 million, up 49.8% year-on-year

Diou Home released its quarterly report on April 28, 2021, showing that the company achieved total operating revenue of 1.16 billion in the first quarter of 2021, up 46.2% year-on-year. Achieved a net profit attributable to the mother of 75.702 million, an increase of 49.8% year-on-year. Earnings per share was $0.2.

Solux Technology reported net profit of 73.64 million in the first quarter, doubling year-on-year growth

Solux Technology released its quarterly report on April 20, 2021, showing that the company achieved total operating revenue of 530 million in the first quarter of 2021, up 64.2% year-on-year. Achieved net profit attributable to the mother of 73.64 million, an increase of 110.1% year-on-year. Earnings per share was NT$0.18. During the reporting period, the company’s gross profit margin was 31.9%, a decrease of 3.3 percentage points year-on-year. Net profit margin was 13.9%, an increase of 3.0 percentage points year-on-year.

Sitong shares reported net income of $3.456 million for the first quarter

Sitong Corporation reported a total revenue of 94.163 million for the first quarter of 2021, an increase of 46.1% year-over-year. Achieved net profit attributable to the mother of 3.456 million, down 10.2% year-on-year, narrowing the decline compared to the same period last year.

Megmeet net profit of 80.95 million, up 42.8% year-on-year

Megmeet released its quarterly report on April 27, 2021, showing that the company achieved total operating revenue of 890 million in the first quarter of 2021, up 34.8% year-on-year, mainly due to the significant growth in all of the company’s businesses except for new energy vehicles. Net profit attributable to the mother company was 80.95 million, up 42.8% year-on-year.

Hanyu Group’s net profit in the first quarter jumped 152% year-on-year

Hanyu Group disclosed its quarterly report on April 29, 2021. The company achieved a total revenue of 280 million in the first quarter of 2021, an increase of 50.7% year-on-year, due to the continued growth of sales. Achieved net profit attributable to the mother of 76.579 million, an increase of 152% year-on-year. Earnings per share was NT$0.13.

Oppein Home’s total operating revenue for the first quarter was 3.3 billion, a 130.7% jump year-on-year

Oppein Home released its quarterly report on April 30, 2021, showing that the company achieved a total operating revenue of 3.3 billion in the first quarter of 2021, up 130.7% year-on-year. Achieved a net profit attributable to the mother of 240 million, compared with -100 million in the same period of the previous year, turning a loss into a profit. Earnings per share were NT$0.43.

Sofia’s net income attributable to the mother of one quarter was 120 million yuan, a year-on-year turnaround

Sofia released its quarterly report on April 29, 2021, showing that the company achieved total operating revenue of 1.76 billion in the first quarter of 2021, up 130.6% year-on-year. Sofia said, benefiting from the effective prevention and control of the domestic epidemic, the recovery of renovation demand, the company in the omnichannel, multi-brand, all categories together, operating income grew significantly.

Golden Kitchen Cabinets’ net profit for the first quarter nearly doubled 6 times year-on-year

Golden Kitchen Cabinet 2021 quarterly report shows that the company achieved a total operating income of 490 million in the first quarter of 2021, an increase of 81.6% year-on-year, mainly due to engineering channels, closet category growth brought revenue growth. Net profit attributable to the mother of 43.985 million, an increase of 587.8% year-on-year.

Home Quarters’ total revenue in the first quarter was 1.41 billion, doubling year-on-year growth

Home Quarters Home Furnishings reported a total revenue of 1.41 billion for the first quarter of 2021, an increase of 110.3% year-on-year. Achieved net profit attributable to the mother of 7.913 million, compared with -160 million in the same period of the previous year, turning a loss into a profit. Earnings per share was 0.04 yuan.

OLO Home’s net profit for the first quarter nearly doubled 5 times year-on-year to about 11.65 million yuan

OLO Home 2021 first quarter report shows that the company achieved a total operating income of 280 million in the first quarter of 2021, an increase of 44.3% year-on-year, mainly due to faster growth in sales of franchising and direct channels and steady bulk business

growth. The net profit attributable to the mother of 11.647 million, an increase of 458.4% year-on-year. Earnings per share was RMB0.04. During the reporting period, the company’s gross profit margin was 40.1%, an increase of 8.4 percentage points year-on-year, and net profit margin was 4.1%, an increase of 3.1 percentage points year-on-year.

Zbom Home reported a net profit of RMB 50.6 million in the first quarter, turning a loss into profit year-on-year

Zbom Home 2021 first quarter report shows that the company achieved total operating revenue of 680 million in the first quarter of 2021, an increase of 109.1% year-on-year. Achieved net profit attributable to the mother of 50.599 million, compared with -44.688 million in the same period of the previous year, turning a loss into a win. Earnings per share was RMB 0.19. During the reporting period, the company’s gross profit margin was 36.5%, down 1.2 percentage points year-on-year, and net profit margin was 7.4%, up 21.1 percentage points year-on-year.

Markor Home’s total operating revenue for the first quarter was $1.18 billion, a 168.7% jump year-over-year

Markor Home 2021 first quarter report shows that the company achieved total operating revenue of 1.18 billion in the first quarter of 2021, up 168.7% year-on-year. Achieved net profit attributable to the mother of 75.03 million, compared with -270 million in the same period of the previous year, turning a loss into a profit year on year.

Aupu Home achieved total operating revenue of 350 million in the first quarter, an increase of 182.3% year-on-year

Aupu Home released its quarterly report on April 27, 2021, showing that the company achieved a total operating revenue of 350 million in the first quarter of 2021, an increase of 182.3% year-on-year. Achieved a net profit attributable to the mother of 31.521 million, compared with -30.907 million in the same period of the previous year, turning a loss into a profit.

Holike’s total operating revenue for the first quarter was 570 million, tripling year-on-year growth

Holike 2021 first quarter report shows that the company achieved a total operating revenue of 570 million in the first quarter of 2021, an increase of 203% year-on-year. Net profit attributable to the mother of 39.397 million, compared with -17.218 million in the same period of the previous year, turning a loss into a profit.

Pianor’s net profit for the first quarter nearly doubled 8 times year-on-year

Pianor2021 released its first quarterly report on April 29, showing that the company achieved total operating revenue of 350 million in the first quarter of 2021, up 92.3% year-on-year. Achieved net profit attributable to the mother of 35.12 million, up 795.1% year-on-year.

Hotata’s net profit for the first quarter jumped 125.2% year-on-year

Hotata reported in the first quarter of 2021 that the company achieved total operating revenue of 210 million in the first quarter of 2021, an increase of 72% year-on-year. Achieved net profit attributable to mother of 44.19 million, up 125.2% year-on-year. Earnings per share was NT$0.11. During the reporting period, the company’s gross profit margin was 43.1%, down 6.6 percentage points year-on-year, and net profit margin was 21.1%, up 5.2 percentage points year-on-year.

Tubaobao reported a net profit of 100 million yuan in the first quarter, turning a loss into profit year on year

Tubaobao 2021 first quarter report shows that the company achieved total operating revenue of 1.37 billion in the first quarter of 2021, an increase of 188% year-on-year. Net profit attributable to the mother of 100 million, compared with -28.333 million in the same period of the previous year, a year-on-year turnaround to profit.

Dinggu Collects and Creates a Quarterly Total Operating Revenue of 170 Million, Up 251.8% Year-on-Year

Dinggu Collective released its quarterly report on April 29, 2021, showing that the company achieved a total operating revenue of 170 million in the first quarter of 2021, up 251.8% year-on-year. Achieved a net profit attributable to the mother of 14.379 million, compared with -24.777 million in the same period of the previous year, turning a loss into a profit year-on-year.

Kinlong’s first quarter net profit quadrupled year-on-year

Kinlong released its quarterly report on April 28, 2021, showing that the company achieved a total revenue of 1.24 billion in the first quarter of 2021, up 55.4% year-on-year. Achieved net profit attributable to the mother of 42.675 million, an increase of 415.7% year-on-year.

 Vöhringer reported a net profit of $6.38 million in the first quarter, turning a loss into profit year-on-year

Vöhringer reported in the first quarter of 2021 that the company achieved a total revenue of 120 million in the first quarter of 2021, an increase of 209.6% year-on-year. Achieved a net profit attributable to the mother of 6.376 million, compared with -15.176 million in the same period of the previous year, turning a loss into a profit year-on-year.

Dongyirisheng’s net profit for the first quarter was -220 million yuan, extending the loss year-on-year

Dongyirisheng disclosed its quarterly report on April 28, 2021. The company achieved total operating revenue of 490 million in the first quarter of 2021, up 152.4% year-on-year. Achieved net profit attributable to the mother -220 million, an increase of 5.5% year-on-year.

Mingdiao reported net profit of -15.89 million yuan in the first quarter, narrowing its loss year-on-year

Mingdiao disclosed its quarterly report on April 30, 2021. The company achieved total operating revenue of 160 million in the first quarter of 2021, up 76.3% year-on-year. Achieved net profit attributable to mother -15.893 million, compared with -25.812 million in the same period of the previous year, narrowing the loss.

 

Foreign

Lixil’s revenue decreased 6.2% year-on-year in the first quarter

Lixil’s revenue for the first quarter was 342.7 billion yen, down 6.2% year-over-year. Lixil also released its fiscal year 2021 annual report, with total revenue of 137.83 billion yen, down 9% year-over-year. Operating profit was 57.3 billion yen, an increase of 9.6%. Revenue in China was 49.3 billion yen, up 5% year-over-year, and is expected to grow 17% in 2022.

Masco sales up 25% and profit up 62% in the first quarter

In the first quarter, Hansgrohe parent company Masco reported revenue of $1.97 billion, up 25 percent year-over-year. Operating profit reached $365 million (RMB 2.4 billion), an increase of 62 percent. Sales of plumbing products increased 31 percent to $1.25 billion, and profit grew from $157 million to $252 million. Revenue for decorative building products increased 15 percent to $721 million from $626 million, with profit up to $142 million from $95 million.

By region, sales in North America increased 22 percent, from $1.26 billion to $1.53 billion, with profit increasing from £210 million to $308 million. Meanwhile, international sales increased 37 percent, from $323 million to $441 million, and profit more than tripled, from $42 million to $86 million.

Cera Sanitaryware Posts Q1 Loss of Rs. 17.8 Million

Cera Sanitaryware India reported a loss of Rs. 17.8 million in the first quarter, compared to Rs. 171.6 million in the same period of the previous fiscal year. Operating income was Rs. 1,530.4 million (Rs. 2,744.4 million in the same period last year), down 44% year-on-year. The company said the decline was mainly due to the impact of the epidemic blockade in the first quarter, coupled with a limited workforce and supply chain disruptions.

Fortune Group up 26 percent in first quarter

Moen parent Fortune Group reported sales of $1.8 billion in the first quarter of 2021, up 26 percent from a year earlier. Earnings per share were $1.26. Operating profit was $248.4 million ($1.6 billion), compared with $155.0 million in the same quarter last year. Operating profit for plumbing products rose 43 percent to $149.4 million in the first quarter. Outdoor doors and related surged 91 percent to $62.3 million. Kitchen cabinet products grew 34% to $74.5 million.

Villeroy & Boch sales of €223.3 million in the first quarter

Villeroy & Boch sales for the first quarter of the year were €223.3 million (including licensing revenue), up 22.4% compared to the same period last year. Of this, the Bathroom & Wellness segment generated sales of 159.3 million euros in the first quarter (previous year: 125.8 million euros). The Hygiene & Ceramics business area grew by €20.3 million and the Wellness business area by €6.1 million.

Mohawk’s first-quarter revenue

Mohawk reported first quarter sales of $2.7 billion, up 16.8 percent from the prior year. Net income was $237 million and earnings per share were $3.36. Sales in the ceramics business were $930 million, up 9.6 percent year-over-year, and the segment’s operating margin increased 9.4 percent.

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