Meikaku Gallery,
Huajian Intelligent switched to the New Third Board
On January 22, Huajian Intelligent disclosed the public transfer prospectus, and the company's NEEQ listing materials were officially accepted. Huajian Intelligent intends to be listed on the basic layer of the New Third Board, and the host brokerage is Zheshang Securities.
3Trees sued Evergrande
On January 25, 3Trees Coatings Co., Ltd. announced that the company filed a lawsuit with the Guangzhou Intermediate People's Court due to a dispute over the right of recourse for bills, and recently received the "Notice of Acceptance of the Case" issued by the Guangzhou Liwan District People's Court. The defendants in this lawsuit are Guangzhou Hengqian Material Equipment Co., Ltd., Evergrande Tong World Group Co., Ltd. and Guangzhou Hengtong Investment Co., Ltd., which are subsidiaries of Evergrande Group.
Zhang Dehua, deputy general manager of Wrigley Home, resigned
On January 24, Wrigley Home Furnishing announced that Zhang Dehua resigned from the position of deputy general manager of the company, and after his resignation, he did not hold any position in the company and its subsidiaries.
Zhang Yingguang serves as the vice president of marketing of Hollywood
Recently, Guangzhou Hollywood Creative Home Furnishing Co., Ltd. announced that Zhang Yingguang, the former vice president of the domestic marketing division of Dongpeng Ceramics, joined Hollywood Home Furnishing as vice president of marketing to comprehensively coordinate the company's overall marketing work.
Gujia Home Furnishing completed the expansion of its Mexico factory
Recently, the expansion project of the factory in Nuevo Leon, Mexico was officially completed, with a total investment of 150 million US dollars, and by 2026, the output value of the factory is expected to reach 115 million US dollars, and the number of employees will reach 5,000. It is estimated that the normal annual operating income of the project is about 3.019 billion yuan.
Lege shares successfully sold overseas warehouses in the United States
Recently, Lege Co., Ltd. announced that the sun company 6475 Las Positas LLC will sell its overseas warehouse located at 6475 Las Positas Rd, Livermore, CA 94551 to Jeffery Cheng. After negotiation between the two parties, the transaction price of the asset transaction was determined to be 15 million US dollars. The funds obtained from the sale of the underlying assets will be used by the company to lease, purchase or build a larger area of overseas warehouses.
A home furnishing Nankang factory is expected to start trial production in April
A home Nankang factory is located in Nankang International Home Furnishing Headquarters Economic Zone, covering an area of 398 acres, with a construction area of 480,000 square meters, a total investment of 3 billion yuan, a phase of investment of 1.6 billion yuan, a construction period of 2 years, and a trial production in April 2024. After the project is completed and put into production, it is expected to produce 1.35 million sets of furniture annually and an annual output value of 2 billion yuan.
Gold Medal Kitchen Cabinet Thailand production base started
From January 17th to January 19th, the 2024 Gold Medal North American Distributor Summit & Thailand Production Base Commencement Ceremony was successfully held. The production base in Thailand will focus on the production workshops and related supporting facilities of all categories such as kitchen cabinets, wardrobes, and wooden doors. After the base is completed and put into operation, it is expected to achieve an annual output value of 1 billion yuan and add 1,000-2,000 new jobs.
Earnings Forecast
Opple Home expects net profit in 2023
17.5%–41% increase
Recently, Aopu Home Furnishing announced that the company is expected to achieve a net profit of 282 million yuan to 339 million yuan in 2023, an increase of 17.50%-41.03% year-on-year.
Mrs. Good expects net profit in 2023
40%–60% increase
On January 24, Mrs. Hao released a performance forecast, saying that the company expects to achieve a net profit of about 317.8752 million yuan to 363.286 million yuan in 2023, an increase of 40%-60% year-on-year.
Changhong Meiling expects a net profit in 2023
An increase of 186.25%-214.88%.
On January 24, Changhong Meiling released a performance forecast, saying that the company expects to achieve a net profit of about 700 million yuan to 770 million yuan in 2023, an increase of 186.25%-214.88% year-on-year.
Sichuan Changhong expects net profit in 2023
Up 34.65% – 60.30%.
On January 25, Sichuan Changhong released a performance forecast, saying that the company expects a net profit of 630 million yuan to 750 million yuan in 2023, an increase of 34.65%-60.30% year-on-year.
Kinlong Hardware expects net profit in 2023
Up by 418.6% – $340 million
On January 25, Jianlong Hardware released a performance forecast, saying that the company expects a net profit of 320 million yuan to 340 million yuan in 2023, an increase of 388.11%-418.61% year-on-year.
Zhongwang Fabric is expected to make a net profit in 2023
Increase: 230.36%–263.40%
On January 22, Zhongwang Fabric released a performance forecast, saying that the company is expected to achieve a net profit of 300 million yuan to 330 million yuan in 2023, an increase of 230.36%-263.40% year-on-year.
Rifeng shares are expected to make a net profit in 2023
Up 91% – $160 million
On January 23, Rifeng Co., Ltd. released a performance forecast, and the company is expected to achieve a net profit of 130 million yuan to 160 million yuan in 2023, an increase of 54.99%-90.76% year-on-year.
Superstar Technology expects net profit in 2023
16.23%–30.32%
On January 19, Greatstar Technology released a performance forecast, saying that the company's estimated net profit in 2023 is expected to be 1650000 yuan to 1850000 yuan, an increase of 16.23%-30.32% year-on-year.
Qifeng New Materials expects net profit in 2023
an increase of 2554.62%–2967.56%.
On January 22, Qifeng New Materials released a performance forecast, saying that the company expects to achieve a net profit of 225 million yuan to 260 million yuan in 2023, an increase of 2554.62% to 2967.56% year-on-year.
Hand in hand
Temple of Heaven Furniture signed a cooperation agreement with Uzbekistan
On January 22, Jinyu Temple of Heaven Furniture Co., Ltd. was invited to participate in the "China-Uzbekistan Local Cooperation Forum". Signed a memorandum of strategic cooperation between the two parties. It officially opened the curtain of Jinyu Temple of Heaven Company's service to the "Belt and Road" project.
Industry dynamics
The Shanghai Supervision Bureau randomly inspected 15 batches of unqualified wooden furniture
Recently, the Shanghai Municipal Administration for Market Regulation conducted a supervision and spot check on 45 batches of wooden furniture sold by 41 companies on the online platform. There were 15 batches that were unqualified, and the failure detection rate was 33.3%. The unqualified items in this spot check are formaldehyde emissions, structural safety, etc.
The unqualified products involve: the "Commune" corner table supplied by Shanghai Musan Trading Co., Ltd., the "Jingzhuo Home" side table produced by Changchun Ju Furniture Haian Co., Ltd., the "ZARA HOME" coffee table sold by Ettes E-commerce (Shanghai) Co., Ltd., and the "Dimeet Yuejian" chest of drawers of Heze Oujuya Import and Export Co., Ltd.
Jiangxi set up "Sino-Italian Design Innovation Base"
Nankang Furniture R&D Center
At the two sessions of Jiangxi Province, Li Ganxing, deputy secretary of the Jiangxi Provincial People's Congress, deputy secretary of the Nankang District Party Committee and head of Ganzhou City, suggested that Tsinghua University, Politecnico di Milano and Nankang District should be promoted to establish the "Sino-Italian Design Innovation Base" Nankang Furniture R&D Center to realize the "seamless connection" between the most high-end design resources at home and abroad and Nankang furniture.
International outlook
Bedroom furniture trends at the Cologne Furniture Fair
Recently, at the just-concluded IMM Cologne International Furniture Fair, mattress companies Betten.de industry experts gathered information on trends in mattresses and bedroom furniture. Natural materials will also dominate in 2024, the company revealed. One of the highlights of this year's fair is the contrast between materials and shapes, with furniture made of solid oak and filigree rounded upholstery. In terms of fabrics, vintage materials and designs from the 70s of the 20th century are back in the public eye.
Mexico's furniture production value will increase by 4% in 2023
Recently, Jorge Ríos Gutiérrez, president of the Jalisco Furniture Manufacturers Association (Afamjal) in Mexico, said in a speech that the national furniture output value in Mexico is expected to increase by about 4% to about 791 million US dollars by the end of 2023.
580,000 Malaysian-made bed frames are being recalled
Recently, the U.S. Consumer Product Safety Commission (CPSC) issued an announcement saying that more than 580,000 bed frames exported to the United States and Canada by Malaysian manufacturer Home Design Inc. have been recalled because the company has received 128 reports of products breaking or collapsing during use, including 36 injuries.
Purple, a beautiful mattress e-commerce company, obtained through a loan
$61 million in financing
On January 23, Purple Innovation, a U.S.-based mattress e-commerce company, completed a loan financing, and Purple refinanced it by merging an outstanding loan with its shareholders. The two financial firms have assumed two major outstanding debt obligations of Purple under a new $61 million financing agreement with shareholders Coliseum Capital Management and No Street Capital, which will receive approximately $21 million in available funding.