Hundred Billion Market, The Capital Market Will Usher In The First Stock Of Electric Towel Rack?
Within 5 years will become the necessary bathroom accessories for the finishing room. At present, the domestic electric towel rack industry has a hundred billion yuan level of market size, with good prospects for development. As of 2019, the number of brands on sale in Tmall electric heating towel rack has exceeded 50.
On November 22, Jiangxi AVONFLOW HVAC Technology Co., Ltd. issued an announcement that the Jiangxi Securities Regulatory Bureau on November 19, 2021 issued a “Jiangxi Securities Regulatory Bureau on the acceptance of Jiangxi AVONFLOW HVAC Technology Co., Ltd. counseling for the record letter”, has confirmed that the company counseling for the record on November 19, 2021, is currently in the counseling phase, counseling institutions for Zhejiang Securities.
According to the enterprise search, Jiangxi AVONFLOW HVAC Technology Company Limited (hereinafter referred to as “AVONFLOW”) was established in 2005 and listed on the New Third Board on July 28, 2015. Its registered capital is 65 million yuan, and its legal representative is Wu Jianbin. Its business scope contains bathroom drying racks, dryers, towel racks, radiators, etc., with an annual production capacity of 12 million sets.
AVONFLOW’s operating revenue in 2019 is 590 million yuan, net profit is 40.05 million yuan, and gross margin is 27.53%. In 2020, the operating revenue is 550 million yuan, the net profit is 11.84 million yuan, and the gross profit margin also decreases to 21.85%. In the first half of 2021 achieved sales of 367 million yuan, net profit of 26.463 million yuan, gross profit margin of 21.87%.
Electric Towel Rack Market
It is understood that in the current market, electric towel rack enterprise technical level and product quality vary, the terminal market, electric towel rack at various price levels of product standards, there is no obvious electric towel rack mass consumption brand.
Today’s major overall bathroom brands are involved in electric towel rack plates, in addition to some shower room enterprises, such as Leibolden has also laid out an electric towel rack production line, an annual production capacity of up to 1 million pieces.
In recent years, with the continuous improvement of the finishing room supporting services, electric towel racks as an intelligent sanitary product in the finishing room are widely used, within five years will become the necessary finishing room bathroom accessories.