On June 12, the 2024 New Fortune 500 Wealth Creation List was released, and a total of 13 pan-home furnishing industry players were on the list. Among them, Ruan Liping/Ruan Xueping of Bull Group topped the list with a market value of 71.64 billion yuan, and Zhu Yan of Shell/Lianjia, Mao Lixiang/Mao Zhongqun of Fangtai Kitchenware, Yao Liangsong of Opai Home Furnishing, and Gu Jiangsheng of Gujia Home Furnishing ranked among the top five entrepreneurs (or families) in the home furnishing subdivision industry.
Dozens of dollars of sockets, defeat tens of thousands of large pieces of furniture
One of the important reasons is that Ruan Liping/Ruan Xueping's deep plug-in board business seems to be inconspicuous and the unit price seems to be very low, but it can bring huge and stable cash flow, a very sticky customer base and a strong brand reputation to the company.
You must know that Bull's market share in the field of plug-in boards has reached a very astonishing 60%, which is much higher than that of other custom home furnishings, finished furniture, kitchen appliances, home furnishing stores and so on. Moreover, the market share of the bull is not fought by the price war, and the actual controller of the company also has a high proportion of shares, which is in great contrast with the situation of other home furnishing subdivisions that roll up prices and dilute equity at every turn.
Behind these two business giants, there are also a group of equally powerful business leaders, who also occupy a pivotal position on the wealth creation list. For example, Yao Liangsong of Opai Home Furnishing and Gu Jiangsheng family of Gujia Home Furnishing, as the "revenue duo" who have dominated the home furnishing industry for many years, have led China's large-scale furniture industry to achieve iterative upgrading again and again by virtue of their deep accumulation and outstanding performance in their respective segments, bringing a more beautiful home life to thousands of households.
Ranking reshuffle! 10 hold shares with a market value of more than 10 billion
Overall, the new paradigm of home furnishing found that a total of 13 home furnishing industry entrepreneurs (or families) on the list, of which 7 have risen from last year's ranking, except for the new Fusenmei Liu Bing family and Halma Technology Zhang Gongyun, Opple Lighting Ma Xiuhui / Wang Yaohai is the fastest rising, ranking 70 in one fell swoop. Fangtai Kitchenware Mao Lixiang/Mao Zhongqun, and Gu Jiangsheng Family of Gujia Home Furnishing also performed well, ranking in the top 25 and 22 respectively.
Among the 6 entrepreneurs (or families) who have declined from last year's ranking, Huang Lianxi/Zuo Xiaoping of Liansu Group, Li Weiguo of Dongfang Yuhong, and Wang Linpeng of Actually Home abdicated 185, 95, and 46 respectively.
The new paradigm of home furnishing found that the total market value of the 13 entrepreneurs (or families) in the home furnishing industry on the list this year is 276.38 billion yuan, the average market value is 21.26 billion yuan, the threshold for listing is 7.19 billion yuan, and the number of entrepreneurs (or families) with a market value of more than 10 billion yuan is 10.
postscript
There is nothing immutable in this world, but the TAs on the list are undoubtedly rare brands in China's home furnishing manufacturing. Blessings, and at the same time look forward to more "new forces" being born!