Profits fell by more than 117%, and household enterprises that focus on foreign trade are not optimistic.
it is noted that in the first half of the year, customized furniture business became the performance highlight of listed companies. In addition, due to trade frictions and sharp increases in costs, many shocks have occurred in enterprises that focus on foreign trade
customized furniture market is relatively hot
recently, europay home, the listed company in the domestic furniture industry with the largest revenue in 2017, released its 2018 semi annual report. During the reporting period, the company achieved a total operating income of 4.845 billion yuan, an increase of 25.05% compared with us. The total profit was 655 million yuan, an increase of 36.03% year-on-year. The net profit attributable to the shareholders of the listed company was 550 million yuan, an increase of 32.83% year-on-year
in the first half of 2017, the operating revenue of europay home was 3.87 billion yuan, an increase of 34.7% over the same period in 2016; The net profit was 414 million yuan, an increase of 33.4% over the same period in 2016. In contrast, the growth rate of operating income of europay home fell in the first half of this year, and the growth rate of net profit did not change much. As a leading enterprise of customized furniture, this also represents the overall situation of the industry
however, it is also noted that in the case of the overall growth rate of the industry slowing down, the booming customized furniture market in recent years still maintains a good momentum, and the listed companies with better layout also benefit from it
for example, in recent years, three customized home furnishing enterprises, namely, haolaike, Shangpin home furnishing and gold kitchen cabinet, have seen their revenue increase by more than 15%. The revenue growth of our home furnishing, europay home furnishing, piano and Zhibang shares has exceeded 25%, and the net profit growth has exceeded 30%
among them, piano achieved an operating revenue of 443 million yuan in the half year of 2018, with a year-on-year increase of 40.84%, and the net profit attributable to shareholders of listed companies was 48.5318 million yuan, with a year-on-year increase of 39.9%
in the first half of 2018, the operating revenue of hospitality was 903 million yuan, an increase of 25.69% year-on-year; The net profit attributable to shareholders of listed companies was 181 million yuan, an increase of 67.15% year-on-year
in the first half of 2018, the operating revenue of Shangpin homestead was 2.867 billion yuan, an increase of 33.64% year-on-year; The net profit attributable to shareholders of listed companies was 123 million yuan, an increase of 87.46% year-on-year
Changsha Securities Research Report indicates that the sample gap can be processed in only 8 seconds. With a number of high-quality brands listed, the customized furniture industry has entered the era of channel and rapid capacity expansion. The high growth and high-quality profitability of the customization industry also attracted the entry of finished furniture enterprises, home decoration enterprises and ceramic sanitary ware enterprises to meet their own needs and even the needs of the world, and the industry competition has intensified
at the same time, consumers' demand for customized furniture is no longer limited to the fields of cabinets and wardrobes, and some traditional areas of finished furniture have gradually begun to adopt customization, which puts forward higher requirements and provides better opportunities for customized furniture enterprises
foreign trade oriented enterprises are affected
however, behind the rapid growth of customized furniture business, some traditional furniture listed enterprises' interim reports show that their business conditions are not very optimistic
The export of furniture has been adversely affected. Some listed furniture enterprises that are relatively dependent on the export of a certain country, such as Zhongyuan furniture, whose overseas revenue proportion is as high as 99% or more and whose foreign market accounts for more than 60%; Dream lily, whose overseas revenue accounts for more than 80% and the market of a certain country accounts for nearly half, has been affected to a certain extentin addition, the biggest difference in performance is Zhejiang Yongqiang. In the first six months of this year, the company achieved an operating revenue of 2.316 billion yuan, a year-on-year decrease of 12.80%. The structure is loose, and the net profit is a loss of 43 million yuan, a year-on-year decrease of 117.31%. This is the first semi annual loss of the company since its listing in 2010, and also the first performance report of loss
according to the data, Zhejiang Yongqiang is mainly engaged in the R & D, design, production and sales of outdoor leisure furniture and supplies. It is the leader in the domestic industry, and more than 90% of its products are sold to Europe and some foreign regions
for the sharp decline in profitability in the first half of the year, Zhejiang Yongqiang said that the company's profitability was greatly impacted mainly by the fluctuation of the RMB exchange rate
in addition, Vosges said that in the first half of 2018, in the face of many challenges, such as some trade frictions, exchange rate fluctuations, rising costs and increasing environmental pressure, the company achieved an operating revenue of 2.578 billion yuan, an increase of 9.17% year-on-year. Among them, the export volume was 234million US dollars, a slight increase over the same period; The net profit was 194 million yuan, which was mainly affected by the exchange rate, with a year-on-year decrease of 21.44%
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