In 2021, the wood furniture industry will add new listed companies such as Ingenuity Home Furnishing and Mengtian Home Furnishing, and the market will be more active. Recently, the reporter combed the 2021 annual reports released by 22 companies in the wood furniture industry and found that compared with 2020, the number of companies with a revenue of more than 5 billion yuan increased to 8, showing an overall upward trend; 14 companies' revenue increased by more than 20% year-on-year. %; Gujia Home Furnishing alone has a revenue of over 10 billion yuan, which is 18.342 billion yuan. However, from the perspective of net profit, the net profit of more than half of the companies declined year-on-year, and the net profit of three companies, Zhongyuan Home Furnishing, Yazhen Home Furnishing, and Pingtan Development, suffered losses.
On the whole, in 2021, factors such as the rising price of raw materials will make the competition of wood furniture enterprises more and more fierce, and there is still a state of "you chase after me". Among them, environmental protection has become a key word for many companies, and more and more companies pay attention to R&D investment and continue to empower products with scientific and technological means.
The number of companies with revenue exceeding 5 billion has increased to 8
Benefiting from the release of some consumer demand, the sales of wood furniture enterprises have increased to a certain extent. From the perspective of revenue data, the number of companies with revenue exceeding 5 billion yuan in 2021 will increase to 8, namely Gujia Home Furnishing, Bunny, Daya Dekor, Zhejiang Yongqiang, Xilinmen, Henglin Co., Ltd., Meike Home Furnishing, Qu Among them, Gujia Home Furnishing ranks first with 18.342 billion yuan, and it is also the only company with a revenue of over 10 billion yuan; Bunny and Daya Dekor are ranked second and third, with revenue of 9.426 billion yuan respectively. , 8.751 billion yuan.
However, the net profit is not optimistic. The net profit of Zhongyuan Home Furnishing, Yazhen Home Furnishing and Pingtan Development has suffered losses of RMB 15 million, RMB 67 million and RMB 387 million respectively. On the whole, except for Gujia Home Furnishings, the net profit gap of the 22 companies is not large. There are only 4 companies with a net profit of over 500 million yuan, namely Gujia Home Furnishing, Bunny, Daya Dekor and Xilinmen, with net profits of 1.664 billion yuan, 712 million yuan, 595 million yuan and 559 million yuan respectively.
In terms of growth rate, the revenue of 22 companies showed a good upward trend. Among them, the revenue of 14 companies increased by more than 20% year-on-year, but there were still three companies, Yongan Forestry, Zhongyuan Home Furnishing and Yazhen Home Furnishing, whose revenue was year-on-year. The decline was 12.82%, 12.15%, and 11.53% year-on-year, respectively. It is worth noting that 13 companies in terms of net profit declined year-on-year. Among them, the net profit of Zhongyuan Home Furnishing and Yazhen Home Furnishing decreased by 136.75% and 499.91% year-on-year respectively.
Welcome new listed companies
The reporter found out. In 2021, there will be major changes in the performance rankings of wood and home furnishing companies. The top five companies in net profit in 2020 are Gujia Home Furnishing, Daya Dekork, Zhejiang Yongqiang, Jiangshan Oupai and Bunny. In 2021, Gujia Home Furnishing will still be ranked No. 1, Bunny will rise to No. 2, and Zhejiang Yongqiang will slip to No. 15. And Pingtan Development is still the bottom of the 22 companies in terms of performance.
It is worth noting that in 2021, a total of companies such as Ingenuity Home Furnishing and Mengtian Home Furnishing will be listed. From the performance point of view, the growth rate of revenue and net profit of Ingenuity Home Furnishings exceeded 45%. In 2021, its revenue was 1.925 billion yuan, a year-on-year increase of 46.04%, and its net profit was 298 million yuan, a year-on-year increase of 45.15%. The revenue of Mengtian Home was 1.520 billion yuan, a year-on-year increase of 23.90%.
The reporter learned that in September 2021, Ingenuity Home Furnishings was listed on the Shenzhen Stock Exchange GEM; in December 2021, Mengtian Home Furnishings was listed on the Shanghai Stock Exchange, which is the second listed wooden door enterprise after Jiangshan Oupai. It is worth noting that since 2021, home furnishing companies have been listed together, and many companies such as Lens Home Furnishings, Mousse, and Scholars are also lining up for IPOs.
The competitive environment promotes product renewal and upgrading. In 2021, the wood furniture market will not be calm. Events such as collective price adjustments in the industry and companies involved in the manipulation of stock prices will put companies and the industry to the test. However, consumer demand is also being further released, and home furnishing companies continue to promote strategic upgrades and product innovations in the "you chase after me".
In addition, on October 1, 2021, GB/T 39600-2021 "Classification of Formaldehyde Release of Wood-based Panels and Their Products" and GB/T 39598-2021 "Artificial "Guidelines for Indoor Bearing Limits for Boards" were implemented. The two standards are called "the most stringent formaldehyde emission new national standards", which has accelerated the environmental protection upgrade of the household industry.
In fact, most companies have already started the road to environmental protection. Among them, in September 2021, Gujia Home Furnishings was selected into the public list of "Industrial Product Green Design Demonstration Enterprises (Third Batch)" issued by the Ministry of Industry and Information Technology; 2021 is the ninth year of Qumei Home Furnishings' trade-in, and the environmental protection will be upgraded again. Zhao Ruihai, chairman of Qumei Home Furnishing Group, once introduced that Qumei pays attention to the research and development and application of environmentally friendly recycled materials, not only to meet the environmental protection demands of users, but also to achieve the social and environmental protection goals of degradable and recyclable materials.
At the same time, the furniture industry is paying more and more attention to R&D investment and continuously empowering products with technological means. As of July 2021, Xilinmen has obtained a total of 698 valid patents, including 678 domestic patents and 20 international patents. Industry insiders believe that the arrival of the intelligent era represented by digitalization and the Internet of Things has made people have higher requirements for the technological attributes of furniture products. The furniture industry competes on the comprehensive strength of products, and it is the consensus of the major brands in the industry to invest generously in product research and development.