Global Home Furnishing Weekly (4.15-4.21): The total retail sales of furniture increased by 3% in the first quarter, the 2024 Milan Furniture Fair opened, and a number of companies released their annual reports......

China's total retail sales of furniture increased by 3% in the first quarter

In March, the sales of home furnishing stores increased by 37.76% month-on-month

The 135th China Import and Export Fair opened

The 2024 Milan Furniture Fair opened

Marg Home Furnishing launched the Beijing Stock Exchange listing counseling

Gold Medal Kitchen Cabinet joins hands with Convenient Bee to lay out the old market

Royal doors and windows 2024 brand strategy upgrade A variety of new soundproof doors and windows were unveiled

Luban Daojia completed hundreds of millions of yuan in Series B financing

Xilinmen set up Bao Bao Sleep Technology Company to make efforts to sleep healthily

Kefan officially announced Shu Qi as the global brand spokesperson

A number of home furnishing companies released their 2023 annual reports

1. China's total retail sales of furniture increased by 3% in the first quarter

On April 15, the National Bureau of Statistics released data on the total retail sales of consumer goods in March 2024. According to the data, in terms of home building materials, the total retail sales of furniture in March were 12.1 billion yuan, a year-on-year increase of 0.2%, and the total retail sales in the first quarter were 34.2 billion yuan, a year-on-year increase of 3%. In terms of construction and decoration materials, the total retail sales in March were 14.8 billion yuan, up 2.8 percent year-on-year, and the total retail sales in the first quarter were 38.7 billion yuan, up 2.4 percent year-on-year.

2. In March, the sales of national home furnishing stores increased by 37.76% month-on-month

On April 15, the project was approved by the Department of Circulation Industry Development of the Ministry of Commerce and compiled and released by the China Building Materials Circulation Association BHI. According to the data, the national building materials home prosperity index BHI was 119.76 in March, up 18.25% month-on-month and down 9.03% year-on-year. The sales volume of building materials and home furnishing stores above designated size in March was 119.688 billion yuan, up 37.76% month-on-month and down 7.41% year-on-year, and the cumulative sales from January to March were 312.809 billion yuan, down 2.46% year-on-year.

3. The 135th China Import and Export Fair opened

On April 15, the 135th China Import and Export Fair (Canton Fair) officially opened. With the theme of "Serving High-quality Development and Promoting High-level Opening-up", this year's Canton Fair will hold offline exhibitions in three phases from April 15 to May 5, and operate the online platform on a regular basis. The exhibition covers an area of 1.55 million square meters and has 55 exhibition areas. The total number of booths is about 74,000, and there are more than 29,000 exhibitors, including 28,600 export exhibitions and 680 import exhibitions.

4. The 2024 Milan Furniture Fair opens

As one of the most important events in the field of design and furniture in the world, the 62nd Salone del Mobile was held from April 16 to 21 at the Milan International Exhibition Center, with "evolution and innovation" as the key words of this year, with an exhibition scale of more than 170,000 square meters, 1,900 exhibitors, 600 satellite exhibition designers and creative representatives from 22 design schools.

5. Marg Home Furnishing launched the Beijing Stock Exchange listing counseling

On April 15, Marge Home Furnishing submitted to the Chongqing Supervision Bureau of the China Securities Regulatory Commission the company's public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange. Previously, Marg Home Furnishing's status was changed to "terminated" in the IPO review on the main board of the Shenzhen Stock Exchange, and then disclosed the public transfer prospectus on the New Third Board in December 2023 and was successfully listed in February 2024.

6. Gold Medal Kitchen Cabinet joins hands with Convenient Bee to lay out the old market

On April 16, Gold Kitchen Cabinet announced a strategic cooperation with Convenience Bee, and the two sides will give full play to their respective advantages in the field of customized home furnishing and community housing improvement, and actively promote in-depth cooperation in multiple dimensions such as supply chain cooperation, channel co-construction, and digital tool empowerment.

7. Huangpai doors and windows will upgrade the brand strategy in 2024 A variety of new soundproof doors and windows products were unveiled

On April 16, the 2024 brand strategy upgrade and 416 brand day conference of Huangpai doors and windows was held in Guangzhou. At the meeting, Huangpai doors and windows released a global advertising slogan - "If you are afraid of noise, use Huangpai high-end soundproof doors and windows", 8 layers of soundproof technical standards were officially launched, and a variety of new soundproof doors and windows were unveiled, which was once again comprehensively upgraded in brand building.

8. Luban Daojia completed hundreds of millions of yuan in Series B financing

On April 17, it was reported that Luban Daojia, a large home aftermarket service platform, announced the completion of hundreds of millions of yuan in Series B financing, led by Innovation Works, and followed by the old shareholder Binfu Capital. The funds from this round of financing will be used for product technology upgrades, capacity system upgrades and brand marketing promotion.

9. Xilinmen set up Baoyuan Sleep Technology Company to focus on healthy sleep

On April 18, Xilinmen announced that the company plans to jointly invest 50 million yuan with its related party Hongxin Sleep Technology to set up Baoyuan Sleep Technology (Hainan) Co., Ltd. Among them, Xilinmen subscribed 35 million yuan, accounting for 70%, and Hongxin Sleep Technology subscribed 15 million yuan, accounting for 30%. It is reported that the target company will be dedicated to the continuous R&D, sales and other core business operations of the smart sleep aid ecosystem, and the series of products will be independently launched and listed as a high-end intelligent sleep aid ecosystem.

10. Kefan officially announced Shu Qi as the global brand spokesperson

On April 19, Kefan, a light and high-end brand in the home furnishing industry, officially announced Shu Qi as the global brand spokesperson. As an internationally renowned actor, Shu Qi's unique natural casualness and relaxed temperament resonates with the light and high-end crowd, which is highly consistent with the market positioning of Kefan's "light and high-end", and interprets Kefan's determination to continue to take the route of high-quality products in the context of consumer aesthetic improvement.

11. A number of home furnishing companies released their 2023 annual reports

(1) Hansgrohe's revenue in 2023 will be 1.406 billion euros, a year-on-year decrease of 9.3%

On April 15, Hansgrohe, a sanitary ware company, disclosed that it will achieve revenue of 1.406 billion euros in 2023, a year-on-year decrease of 9.3%, and a net profit of 202 million euros, a year-on-year decrease of 18.3%.

(2) Mulinsen's revenue in 2023 will be 17.536 billion yuan, a year-on-year increase of 6.17%

On April 17, Mu Linsen (002745. SZ) disclosed that in 2023, the company will achieve operating income of 17.536 billion yuan, a year-on-year increase of 6.17%, and net profit attributable to shareholders of listed companies of 430 million yuan, a year-on-year increase of 121.71%.

(3) Lege's revenue in 2023 will be 3.902 billion yuan, a year-on-year increase of 21.61%

On April 17, Lege shares (300729. SZ) disclosed that in 2023, the company will achieve operating income of 3.902 billion yuan, a year-on-year increase of 21.61%, and a net profit of 634 million yuan, a year-on-year increase of 189.72%.

(4) Zhejiang Meida's revenue in 2023 will be about 1.673 billion yuan, a year-on-year decrease of 8.8%

On April 18, Zhejiang Meida (002677. SZ) disclosed that in 2023, the company's operating income will be about 1.673 billion yuan, a year-on-year decrease of 8.8%, and its net profit will be about 464 million yuan, a year-on-year increase of 2.68%. In the first quarter of 2024, the company achieved operating income of 273 million yuan, a year-on-year decrease of 19.39%, and a net profit of 77.1595 million yuan, a year-on-year decrease of 23.34%.

(5) Foshan Lighting's revenue in 2023 will be 9.057 billion yuan, a year-on-year increase of 3.39%

On April 18, Foshan Lighting (000541. SZ) disclosed that in 2023, the company will achieve operating income of 9.057 billion yuan, a year-on-year increase of 3.39%, and a net profit of 290 million yuan, a year-on-year increase of 26.07%.

(6) Oriental Yuhong's revenue in 2023 will be 32.823 billion yuan, a year-on-year increase of 5.15%

On April 18, Dongfang Yuhong (002271. SZ) disclosed that in 2023, the company will achieve operating income of 32.823 billion yuan, a year-on-year increase of 5.15%, and a net profit of 2.273 billion yuan, a year-on-year increase of 7.16%.

(7) Qisheng Technology's revenue in 2023 will be 3.103 billion yuan, a year-on-year increase of 16.50%

On April 19, Qisheng Technology (603610. SH) disclosed that in 2023, the company will achieve a total operating income of 3.103 billion yuan, a year-on-year increase of 16.50%, and a net profit of 206 million yuan, a year-on-year increase of 625.17%.

(8) Zhiou Technology's revenue in 2023 will be 6.074 billion yuan, a year-on-year increase of 11.34%

On April 19, Zhiou Technology (301376. SZ) disclosed that in 2023, the company will achieve a total operating income of 6.074 billion yuan, a year-on-year increase of 11.34%, and a net profit of 413 million yuan, a year-on-year increase of 65.08%.

(9) 3Trees' revenue in 2023 will be 12.476 billion yuan, a year-on-year increase of 10.03%

On April 19, Three Trees (603737. SH) disclosed that in 2023, the company will achieve operating income of 12.476 billion yuan, a year-on-year increase of 10.03%, and a net profit of 174 million yuan, a year-on-year decrease of 47.33%.

(10) My Le Home's revenue in 2023 will be 1.711 billion yuan, a year-on-year increase of 2.70%

On April 20th, I Le Home (603326. SH) disclosed that in 2023, the company will achieve operating income of about 1.711 billion yuan, a year-on-year increase of 2.70%, and net profit of about 157 million yuan, a year-on-year increase of 12.50%.

(11) Dongpeng Holdings' revenue in 2023 will be 7.773 billion yuan, a year-on-year increase of 12.16%

On April 20, Dongpeng Holdings (003012. SZ) disclosed that in 2023, the company will achieve operating income of 7.773 billion yuan, a year-on-year increase of 12.16%, and a net profit of 720 million yuan, a year-on-year increase of 256.63%.