Revenues Up By Up To 74%, Net Profit Up By Up To 157%, Double-Digit Growth For A Number Of Sanitary Ware Companies

Kitchen And Bathroom Jun Kitchen And Bathroom Headlines

Since August, listed sanitary ware enterprises or enterprises related to sanitary ware have been released 2021 first half-year report. From a comprehensive point of view, most enterprises in the first half of the year have achieved double growth in operating income and net profit, and the increase is mostly in double digits. The net profit of Oppein Home and Chenglin increased by more than 100%. Apparently, in the first half of last year, bathroom companies were affected by the epidemic, resulting in a lower benchmark for comparison. Apparently, in the first half of last year, bathroom companies were affected by the epidemic, resulting in a lower benchmark for comparison. This is one of the reasons for the larger year-on-year growth in the business. Однако, from the description of each financial report, the overall rebound in consumption in the first half of the year and the continued improvement in the building materials industry is an objective fact.

Revenue and net profit data of some sanitary ware-related enterprises in the first half of the year.

Company abbreviation	Operating income (миллиард юаней)	Year-on-year increase/decrease	Net profit (миллиард юаней)	Year-on-year increase/decrease
Huida Bathroom	17.43	32.38%	1.12	-12.94%
Solux Home	12.02	43.87%	1.36	22.63%
р&Т	8.03	73.99%	0.59	31.51%
Цзяньлинь Дом	22.94	41.29%	2.01	20.59%
Оппеин Дом	82.00	65.14%	10.12	106.98%
Chenglin	22.89	27.22%	0.31	157.04%
HCG	5.89	5.18%	0.13	/

 

Huida Sanitary Ware

First half revenue reached 1.743 миллиард юаней

Overall bathroom revenue up 370.95%

Huida Sanitary Ware released its half-yearly report on the evening of August 19. In January-June, Huida bathroom achieved operating revenue of 1.743 миллиард юаней, увеличение 32.38%. Net profit attributable to shareholders of the listed company was 112 миллион юаней, вниз 12.94% год за годом. The rate of decline expanded compared to the same period last year. Earnings per share were RMB0.29, down from RMB0.35 in the same period last year. For revenue growth, Huida said it was due to increased sales, but did not explain the reason for the decline in net profit.

Единица: Yuan Currency:RMB

Key accounting data	Current reporting period (January-June)	Same period of previous year	For the current reporting period compared to the previous year Increase or decrease (%)
Operating income	1,743,43& 493. 95	1,316, 961,738. 98	32. 38
Net profit attributable to shareholders of the listed company	111,79& 507. 60	12& 413,150. 82	-12. 94
Net profit after extraordinary gain or loss attributable to shareholders of the listed company	91,179,512.71	117, 722,900. 25	-22. 55
Net cash flow from operating activities	-136,835, 760. 20	314,271,596.51	-143.54

In terms of categories, sanitary ceramics still occupy the bulk of the first half of the contribution to revenue accounted for 51.82% of total revenue. As one of the sub-categories of sanitary ceramics, the overall bathroom revenue increased by 370.95% over the same period last year. The category now accounts for 3.18% of total revenue, showing great potential for development. Кроме того, all other categories recorded double-digit revenue growth, with smart sanitary ware increasing by 102.24%.

Единица: миллион юаней

Area		Revenue from main business in the reporting period	Year-on-year change	Percentage of main business revenue
Domestic Sales	Retail Channel	90, 06& 12	51. 14%	52. 11%
	Engineering Channel	42, 135.41	23. 52%	24. 38%
	Subtotal	132, 203. 53	41.09%	76. 48%
Foreign Sales		40,647. 66	10. 55%	23. 52%
Total revenue from main business		172,851.19	32.48%	100.00%

2. Revenue contribution by product

Единица: миллион юаней

Категории продукта	Revenue from main business in the reporting period	Year-on-year change	Percentage of main business revenue
Sanitary ceramics	89, 577. 08	23. 72%	51.82%
Среди них: intelligent sanitary ware	18. 873. 43	J02. 24	J0. 92%
Overall sanitary ware	5, 489. 53	370. 95%	3. 18%
Tile	23, 673. 07	54. 97%	13. 69%
Ванная комната	6, 233. 47	57. 48%	3.61%
Bathroom cabinet	13, 097. 35	4& 86%	7. 58%
Hardware Sanitary Ware	29, 105. 53	39. 73%	16. 84%
Другие	11, 164. 69	21.28%	6. 46%
Total revenue from main business	172,851.19	32. 48%	100.00%

 

Solux Home

Revenue increased by 43.87% к $1,202 миллион

Nine large self-operated brand experience centres in the pipeline

According to Solux Home’s semi-annual report released on 23 Август, from January to June, Solux Home achieved revenue of 1.202 миллиард юаней, увеличение 43.87% год за годом. Net profit attributable to shareholders of the parent company was RMB136 million, увеличение 22.63% год за годом. Basic earnings per share were RMB0.34, up from RMB0.28 in the same period last year.

Единица: Yuan Currency: RMB

Key accounting data	Current reporting period (январь – Июнь)	Same period of previous year	Current reporting period over the same period of the previous year Increase/decrease (%)
Operating income	1, 201,673,867.78	835,237,800. 60	43. 87
Net profit attributable to shareholders of the listed company	135,541,912.06	110, 527,041.54	22. 63
Net profit after extraordinary gain or loss attributable to shareholders of the listed company	121,537,117.72	110,862, 785. 75	9. 63
Net cash flow from operating activities	74, 013,835. 56	9& 308,176. 65	-24.71
	At the end of the reporting period	Prior year end	Increase or decrease at the end of the reporting period over the end of the previous year (%)
Net assets attributable to shareholders of listed companies	2,060,510,376.81	2,006, 350,869. 61	2. 70
Total Assets	3, 185,345,127.08	2,721,453, 526. 52	17. 05

В первой половине года, Solux accelerated its presence in the beauty and health category and the home category. During the reporting period, было 22 new patent applications in the beauty and health category, включая 5 invention patents. In the Home category, 8 new patents were applied for, включая 2 inventions. A number of products were also shortlisted and won awards in top international or domestic design competitions. In terms of terminals, Solux said that the second “Solux-Home” large experience centre has been opened in Quanzhou. Nine large self-operated brand experience centres in Fuzhou and Putian are in the pipeline.

 

р&Т

Revenue up 74%, a new high since IPO

Smart bathroom nearly doubles

In the evening of 16 Август, р&T released its half-yearly report for 2021. From January to June, р&T achieved revenue of $803 миллион, вверх 73.99% from $462 million in the same period the previous year. This continued the growth trend seen since the second half of last year and was the highest since its IPO in 2016. In terms of profit, р&T achieved a net attributable profit of $59 million in the first half of the year, увеличение 31.51% год за годом. Basic earnings per share were RMB0.14, увеличение 27.27%.

	Current reporting period	Same period of previous year	Increase or decrease in the current reporting period over the same period of the previous year
Operating revenue (юань)	803,319,911.67	461,716,871.43	73.99%
Net profit attributable to shareholders of the listed company (юань)	59,249,967.92	45,052,622.53	31.51%
Net profit after extraordinary gain or loss attributable to shareholders of the listed company (юань)	49,867,702.34	36,688,012.59	35.92%
Net cash flow from operating activities (юань)	63,883,452.60	113,847,608.12	-43.89%
Basic earnings per share (yuan/share)	0.14	0.11	27.27%
Diluted earnings per share (RMB/share)	0.14	0.11	27.27%
Weighted average return on net assets	2.91%	2.70%	0.21%
	At the end of the reporting period	Prior year end	Increase at the end of the reporting period over the end of the previous year Decrease
Total assets (RMB)	2,134,768,31705	2,089,487,820.67	2.17%
Net assets attributable to shareholders of the listed company (RMB)	1,683,574,523.59	1,683,177,962.40	0.02%

According to publicly available data, р&T’s revenue in the smart toilets and covers category reached RMB338 million in the first half of the year, вверх 96.36% from RMB172 million in the first half of 2020, nearly doubling. В то же время, the category’s revenue share of total revenue was also increasing, accounting for approximately 42.06% in the first half of the year, only slightly lower than the 45.89% of the water tanks and accessories category.

 

Цзяньлинь Дом

Operating revenue of approximately RMB2.3 billion in the first half of the year

Established a subsidiary to lay out engineering channels

В первой половине года, Jianlin Home achieved double-digit growth in both revenue and net profit, with revenue increasing by 41.29% to RMB2.294 billion. Its net profit grew by 20.59% to RMB201 million. Its basic earnings per share also increased by 7.14% to RMB0.45.

Единица: RMB million Currency: RMB

Key accounting data	Current reporting period (январь – Июнь)	Same period of previous year	Increase or decrease in the current reporting period over the same period of the previous year (%)
Operating income	229, 402. 24	162, 359. 59	41.29
Net profit attributable to shareholders of the listed company	20,105. 22	16, 672. 77	20. 59
Net profit after extraordinary gain or loss attributable to shareholders of the listed company	17,853. 22	15, 372. 34	16. 14
Net cash flow from operating activities	4,975. 09	23, 599. 52	-78. 92
	At the end of the reporting period	Prior year end	Increase/decrease (%) at the end of the current reporting period compared to the end of the previous year
Net assets attributable to shareholders of the listed company	242,079. 37	237,716. 50	1.84
Total assets	403, 726. 02	376, 767. 96	7. 16

During the January to June period, Jianlin Home’s overseas business grew steadily. Revenue from the overseas market was RMB1.805 billion, вверх 39.89% год за годом, учет 79.28% of the company’s main business revenue. The Company also accelerated the process of promoting its business in the China market. В первой половине года, the main business revenue from the China market was RMB472 million, representing a year-on-year increase of 47.12% and accounting for 20.72% of the company’s main business revenue. It was revealed that in the first half of the year, Jianlin Home established Shanghai Jianlin Smart Home Technology Co Ltd to focus on the real estate finishing market. It will subsequently do more scheming and planning in the real estate finishing track to further promote the speeding up of real estate and engineering channel expansion.

 

Оппеин Дом

Revenue increased by 65% to RMB8.2 billion

Multiple indicators show triple-digit growth

According to Oppein Home’s performance report released on 12 Август, the company’s revenue in the first half of the year was RMB8.2 billion, увеличение 65.14% год за годом. Net profit attributable to shareholders of the listed company increased by 106.98% to RMB 1.012 миллиард. Basic earnings per share doubled from the same period last year to RMB1.67.

Единица: RMB million

Projects	Current reporting period	Same period of previous year	Increase or decrease (%)
Total operating revenue	820,017.95	496,553.87	65.14
Operating profit	119,176.01	56,880.43	109.52
Total profit	120,426.17	56,805.68	112.00
Net profit attributable to shareholders of the listed company	101,236.45	48,910.53	106.98
Net profit after extraordinary gain or loss attributable to shareholders of the listed company	94,532.12	44,265」9	113.56
Basic earnings per share (RMB)	1.67	0.83	101.20
Weighted average return on net assets	8.14%	4.99%	Increase of 3.15 percentage points

For the performance growth, Oppein Home pointed out three aspects, one is that the company opened up a new sales path in the industry with the integration sales model of custom core + ancillary products + door and wall system, which has achieved rapid growth in wardrobe performance. Второй, the whole house has gradually entered the fast lane of development, with the mature use of the company’s information technology tools, and has driven the rapid growth in the performance of custom products, ancillary products, installed materials and other categories. Thirdly, it has activated the retail dealers to carry out business cooperation with local decoration enterprises, deeply promoted the “whole kitchen customization” model, tapped the potential of the old kitchen renovation, and boosted the steady growth of the cabinet retail performance. In the flash report, Oppein Home did not disclose sales figures related to the bathroom category.

 

Chenglin

Operating revenue achieved in the first half of the year was approximately RMB2.3 billion

Growth of approximately 15% in mainland China

According to Chenglin’s first-half financial results, the company achieved operating revenue of NT$9.868 billion (approximately RMB2.289 billion) from January to June, an increase of approximately 27.22% год за годом. Net profit attributable to the mother company was NT$134 million (approximately RMB31 million), compared to a loss of NT$48 million in the same period last year, an increase of approximately 157.04% год за годом.

21. Operating income110	110.4.1-110.6.30	109.4.1-109.6.30	110.1.1-110.6.30	109.1.1-109.6.30
Revenue from customer contracts Revenue from merchandise sales Less: Sales returns and discounts	$5,278,101 (411.787)	$3,707.790 (300,829)	$10,676,511 (808,101)	$7,818,767 (636,270)
Total	$4,866,317	$3,406,961	$9,868,410	$7,182,497

Chenglin’s main markets are Taiwan, Китай, the Americas and Europe. В первой половине года, the operating revenues of the four major markets were NT$1,169 million, NT$85 million, NT$4,827 million and NT$3,788 million respectively. The European and US markets accounted for the bulk of sales. It is worth noting that the Mainland China market, which had operating revenue of NT$55 million last year, grew by approximately 15% in the first half of this year.

 

HCG

Operating income of approximately NT$589 million in the first half of the year

According to HCG’s first-half report released on 10 Август, the company achieved operating revenue of NT$2.538 billion (approximately RMB589 million) from January to June, увеличение 5.18% год за годом. Net profit attributable to the mother company was NT$57 million (approximately RMB13 million). HCG, which celebrated its 90th anniversary this year, participated in the Shanghai Kitchen & Bath Show during the year. It displayed a one-stop experience hall for smart public toilets, intelligent sanitary ware, medical sanitary ware and elderly-friendly sanitary ware grade products, which showed the new vitality of the old brand.

	1 . Date of submission of financial report to or resolution by the Board of Directors:110/08/10 2. date of approval of the financial report by the Audit Committee:110/08/10 3. the date when the financial report was reported (XXX /XX /XX~XXX /XX/XX^110/01/0U110/06 /30) 4. Accumulated operating revenue for the period from January 1 to the current period (in thousands): $2538151 5. Accumulated operating profit (gross loss) for the period from January 1 to the end of the period (in thousands):638586 6. Accumulated operating income (loss) for the period from January 1 to the end of the period (in thousands):42526 7. Accumulated net income (loss) before income tax for the period ended January 1 (in thousands):84396 8. Accumulated net income (loss) for the period from January 1 to the end of the current period (in thousands):51504 9. Accumulated net income (loss) attributable to owners of the parent company for the period ended January 1 (in thousands):56758 10. Basic earnings (loss) per share for the period from January 1 to the end of the period (NT$):0.15 11. Total assets at the end of the period (in thousands):10711581 12 . Total liabilities at the end of the period (in thousands):4659094 13. Equity attributable to owners of the parent company as of the end of the period (in thousands):5994973 14 – Other disclosures: None
Description