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BathroomCabinets"DominateTheWorld".In2021,TheRevenueExceeded320Million.ThisEnterpriseListedOnTheNewThirdBoard.|VIGAFaucetManufacturer

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Ванна бөлмөсү шкафы “Дүйнөгө үстөмдүк кылуу”. In 2021, Киреше ашып кетти 320 Миллион. Бул ишкана жаңы үчүнчү кеңешке келтирилген.

Kitchen And Bathroom Headlines

Bathroom Cabinets

Ванна бөлмөсү шкафы “Дүйнөгө үстөмдүк кылуу”. In 2021, Киреше ашып кетти 320 Миллион. Бул ишкана жаңы үчүнчү кеңешке келтирилген.

Zhejiang Tona Home Co., Ltd, мындан ары деп аталат “TONA Home”, disclosed its public transfer prospectus on March 8, 2022. The company’s listing materials on the National Small and Medium-sized Share Transfer System (New Third Board) were officially accepted. The total number of listed shares is 35 million shares, and the sponsor broker is Xiangcai Securities Co.

 

Revenue in 2021 exceeded 320 миллион, with a year-on-year growth trend

According to the public transfer prospectus, TONA home formerly known as Linhai TONA Sanitary Ware Co. Октябрь күнү 29, 2021, it changed to a joint-stock company as a whole. The registered capital of the company is 35 Миллион юань. Its legal representative is Shen Rongyan, who directly holds 22,312,500 shares of the company, Бухгалтердик эсеп 63.75% of its total share capital.Bathroom Cabinets

TONA Home’s main business is the design, Изилдөө жана иштеп чыгуу, production and sales of bathroom home products, covering the full range of bathroom furniture, ванна, жуунучу бөлмө, intelligent toilets and other bathroom home products. The company’sTONAbrand was awarded asZhejiang Export Famous Brandby the Department of Commerce of Zhejiang Province. It has been recognized as a national high-tech enterprise for many years and has been awarded the title ofZhejiang Patent Demonstration Enterprise”. Its products have won the German iF product design award, Cotton Tree China Design Award, Milan AlloraBest Design Awardand other awards.

According to the disclosure, TONA home mainly adopts thesales-based productionmodel. Its process mainly includes customer order, production department arranges production, warehouse arranges delivery, customer receipt, жана башкалар. In 2019, 2020 and January-October 2021, TONA Home’s revenue will be 242 миллион юань, 298 million yuan and 318 million yuan respectively, with an overall trend of year-on-year growth. Its corresponding net profit is RMB 0.12 миллиард, RMB 0.27 billion and RMB 0.18 billion respectively, with a growth curve different from that of operating income.

ItemJanuary~October 2021Year 2020Year 2019
Операциялык киреше (RMB million)31,833.0129,799.1424,234.60
Таза пайда (миллион юань)1,823.022,657.861,228.80
Net profit attributable to shareholders of the company applying for listing Profit (RMB million)1,846.142,636」41,236.48
Net profit after non-recurring gains and losses (RMB million)1,703.362,375.261,013.77
Net profit attributable to shareholders of the listed company after1,726.482,353.541,021.46
Net profit after extraordinary gains and losses (RMB million)26.60%30.88%28.50%
Gross profit margin12.64%21.00%11.65%
Weighted Return on Net Assets11.82%1&75%9.62%
Таза активдер боюнча орточо салмактанып алынган кайтарым (net of non- recurring gains and losses)0.53
Бөлүмдүн негизги кирешеси (Юань / Бөлүшүү)0.53
Бир акцияга аргасыз киреше (Юань / Бөлүшүү)11.0412.2112.12
Accounts Receivable Turnover Ratio (жолу)3.564.004.49
Inventory turnover rate (жолу)1,821.135,302.872,010.91
Net cash flow from operating activities (RMB million)0.521.520.57

By product category, bathroom furniture is the main product of TONA Үй. This category accounted for 89.81% of the company’s total sales from January to October 2021, while bathtub bathrooms, smart toilets and others accounted for 4.15%, 2.20% жана 3.85%, тиешелүүлүгүнө жараша. Although the smart toilet accounted for a small percentage, the growth was bright relative to the 0.03% share in 2019. Бирок, TONA Home mentioned that the company has not yet established a production line for smart toilets. The company uses its own mastered technology to complete the design of the toilet, based on the production of the product to other manufacturers to perform. Other manufacturers produce and complete TONA brand labeling in the original factory and then sell.

Бирдиги: Yuan

Product or BusinessJanuary~October 2021Year 2020Year 2019
СуммасыPercentageСуммасыPercentageСуммасыPercentage
Bathroom Furniture285,886,360.5389.81%271,893,306.8991.24%232,255,99&5895.84%
Bathtub Bathroom13,195,948.264.15%15,136,061.065.08%5,71&13&112.36%
Intelligent Toilet6,996,479.492.20%2,754,592.730.92%62,675.630.03%
Башкалар12,251,335.313.85%8,207,399.622.75%4,309,209.091.78%
Бардыгы318330,123.59100.00%297,991,360.30100.00%242,346,021.41100.00%

 

The proportion of exports is over 80%. It has subsidiaries in the United States, Германия, Indonesia and other countries

According to the public transfer prospectus, export business is the main business of TONA Home. In 2019, 2020 and January-October 2021, the amount of export sales revenue in the company’s main business revenue is 217 миллион юань, 243 million yuan and 250 миллион юань, Бухгалтердик эсеп 89.51%, 81.57% жана 78.54% of the main business revenue, тиешелүүлүгүнө жараша. TONA mainly exports to Europe, America and other places, and the main settlement currency is U.S. dollar.

The public transfer prospectus also discloses the top five sales customers of TONA Home in recent years. Алардын арасында, from January to October 2021, the top five customers are LEGIO SALES BELGIUM N.V., MAXEDA DIY GROUP, DISTRIBUTION SANITAI RE CHAUFFAGE, NEXTREND GMBH, CUBICO UK LTD. They contributed a total operating revenue of NT$95 million, Бухгалтердик эсеп 29.88% of the operating revenue.

Бирдиги: Yuan

Business CategorySales of Bathroom Products
Жок.Customer NameRelated party or notSales ContentСуммасыPercentage of operating income
1LEGIO SALES BELGIUM

N.V.

ЖокBathroom Home Products25,008,742.757.86%
2MAXEDA DIY GROUPЖокBathroom Home Products24,186,399.967.60%
3DISTRIBUTION SANITAI

RE CHAUFFAGE

ЖокBathroom Home Products17,648,257.525.54%
4NEXTREND GMBHЖокBathroom Home Products16,832,789.935.29%
5CUBICO UK LTD.ЖокBathroom Home Products11,436,416.333.59%
Бардыгыбир95,112,606.4929.88%

TONA Home mainly sells to the outside world in the form of ODM, and expands overseas customers mainly through channels such as Canton Fair and KBIS exhibition. They obtain customer information at trade fairs and determine customer ordering intentions through continuous communication and sending product information or samples. Their overseas customers are mainly located in Europe, North America and other regions. Кошумча, TONA Home currently has several subsidiaries in the United States, Германия, Indonesia and other countries.

TONA Home said that the company will expand domestic and international business simultaneously in the future, of which domestic sales will continue to promote the dual-engine strategy of channel and engineering to accelerate the overall expansion of the market. Кошумча, TONA home will be in the brand building, talent ladder construction, product development, capacity expansion and management improvement.

 

Many sanitary ware enterprises have been listed on theNew Third Board

The national small and medium-sized enterprise share transfer system, commonly known as theNew Third Board”, is the third national securities exchange after the SSE and SZSE. This is also China’s first corporate system operating securities trading venues. According to public data, in 2021, the turnover of the New Third Board listed companies was 214.816 миллиард юань, with a turnover rate of 17.66%. As of the end of December 2021, the total number of NSS listed companies was 6,932, with a total market capitalization of 228.454 billion yuan and a price-to-earnings ratio of 20.48 жолу.

Due to the relatively low threshold for listing, the New Third Board has become a preferred platform for small and medium-sized enterprises in various industries to raise funds for listing, and many bathroom companies have previously landed on the New Third Board, Үйрөнүү, Mengjia Intelligence, Xiya Technology were listed on the New Third Board in December 2015, Август 2016, and September 2021.

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