Bamboo home furnishing is a relatively niche category. It uses bamboo as a raw material to manufacture tables and chairs, cabinets, storage boxes, coffee tables, flower stands, bamboo pen holders, clothes hangers and other products.
Compared with wooden furniture, the buyer group of bamboo furniture is much smaller, but if the business is done well, some companies still have hundreds of millions in revenue a year, such as Fujian Longtai.
Longtai was listed on the NEEQ in December 2014 and was recognized as a high-tech enterprise in 2017. The latest news is that Longtai has passed the listing application for the selected layer.
This selection layer is a new measure of the NEEQ reform. The focus is to select some relatively high-quality companies from the NEEQ. During the pilot period, companies that have been listed on the selection level for one year can apply for transfer to the Shanghai Stock Exchange. Listed on GEM or Shenzhen Stock Exchange GEM.
Longtai can be selected, which at least shows that the regulatory authorities recognize them. Moreover, from the perspective of revenue, Longtai achieved 246 million yuan in 2019. Compared with many large home building materials companies, this number is not a particularly pleasant surprise, but in the sub-category of bamboo home furnishings, it will become a relatively niche market. To achieve this level is also very powerful.
