A Smart Bathroom Company Is In The Process Of Raising Series B Funding. Revenue Of 1.8 Billion Yuan In 2021
According to MergerLink news, a domestic intelligent sanitary ware enterprise is raising RMB 300-500 million in Series B financing and has been reformed in 2020 for financial normalization. It plans to list on the main board of reporting materials after 2023.
The revenue in 2020 is 1.5 billion RMB and net profit is nearly 100 million RMB. The revenue in 2021 is 1.8 billion RMB and the net profit after tax is nearly 200 million RMB. The net profit in 2022 is optimistically expected to reach 300 million RMB.
Focusing on the mid-to-high-end market, it has a complete industrial chain. It has multiple industrial parks with ample production capacity. It sells in both toC and toB channels, laying out nearly 1,000 sales outlets worldwide. It has laid over 200 stores in China and has served large international groups in more than 20 countries. Currently 30-40% of our business is in overseas markets.