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Half-Yearly Report Quick Overview: Lixil’s Profit Reached 1 Billion, TOTO’s Profit Was 500 Million, Dongpeng’s Profit Was 400 Million…

Bathroom Business School

2021 has come to late August, most of the domestic and foreign bathroom companies have released their semi-annual results.

More than half a year, due to the impact of the global supply chain, the price of raw materials rose sharply. Coupled with the shipping industry has been “high fever”, shipping prices continue to rise, repeatedly hit a record high. This undoubtedly brings a great test to foreign trade enterprises. For the domestic market, also due to the recurrence of the epidemic, the downward macro situation has led to part of the market is not as expected. But in the complex environment, the steady business enterprises still maintain growth, giving an excellent answer.

-Huida sanitary ware has achieved a net profit of 110 million in the first half of the year, down 12.9% year-on-year

Huida bathroom announcement shows that the first half of 2021 achieved total revenue of 1.74 billion, an increase of 32.4% year on year. It achieved a net profit attributable to the mother of 110 million, down 12.9% year-on-year. The rate of decline expanded compared with the same period last year. In the reporting period, Huida bathroom wholly-owned subsidiary of intelligent home (Chongqing) achieved an operating income of about 28.8810 million yuan, net profit loss of about 21.9872 million yuan. Huida bathroom said that intelligent home (Chongqing) in the process of putting into trial production, the investment is high, thus forming a loss of operation. It is worth noting that Huida bathroom’s research and development investment increased significantly, compared with the same period last year, an increase of 45.5%, reaching 77.527 million.

-Dongpeng Holdings is expected to achieve a net profit of 430 million in the first half, an increase of 100% compared to the same period last year

Dongpeng Holdings, in its half-yearly earnings forecast for 2021, expects a same-direction increase in earnings. During the reporting period, net profit attributable to shareholders of the listed company will be NT$378 million to NT$432 million, an increase of 75%-100% over the same period of the previous year. Basic earnings per share were RMB0.32/share ~ RMB0.37/share. Regarding the main reasons for the change in performance, Dongpeng Holdings said that in the first half of 2021, the company actively carried out key tasks such as brand upgrading, product leadership, channel sinking, territorial supply, and information construction. They continued to take advantage of the main retail battlefield and achieved product, service, showroom, and quality upgrades. They increased the proportion of new and high-value products and leaned production, cost reduction and efficiency, and scale operations.

-R&T achieved a net profit of $59.25 million in the first half of the year, up 31.51% year-over-year

R&T’s semi-annual report in 2021 showed that it achieved operating revenue of $803 million from January to June 2021, an increase of 74% year-on-year. Its operating cost was 620 million yuan, up 78.7% year-on-year, which was higher than the 74% growth rate of operating revenue. Net profit attributable to shareholders of the listed company was 59.25 million yuan, an increase of 31.51% year-on-year. Its earnings per share were RMB0.1400.

-Jianlin Home achieved a net profit of 201 million yuan in the first half of the year, an increase of 20.59% year-on-year

On August 20, Xiamen Jianlin Healthy Home Co., Ltd. released its half-year report for 2021. The announcement showed that during the reporting period, the company obtained operating revenue of about 2.294 billion yuan in the first half of 2021, an increase of 41.29% year-on-year. The net profit attributable to shareholders of the listed company was approximately RMB201 million, representing an increase of 20.59% year-on-year. Net profit after extraordinary gains and losses attributable to shareholders of the listed company was approximately RMB179 million, representing a year-on-year increase of 16.14%. It is understood that during the reporting period, the company’s net cash flow from operating activities was approximately 49.7509 million yuan, representing a year-on-year decrease of 78.92%. Jianlian home said that the net cash flow from operating activities decreased year on year. This was mainly due to the higher growth in cash paid for the purchase of Shangpin and the acceptance of labor services and the payment of various taxes and fees during the reporting period.

-Seagull Sumitomo achieved a net profit of 92 million in the first half of the year, up 123.73% year-on-year

Seagull Sumitomo released an earnings forecast on the evening of July 12, estimating net profit attributable to shareholders of the listed company to be 74 million to 92 million yuan in the first half of 2021, an increase of 79.95% to 123.73% year-on-year. Basic earnings per share will be $0.1254~$0.1559. Regarding the main reasons for the change in performance, Seagull Sumitomo said that the company’s production capacity is more than adequate, and the consumption of household products in Europe and the United States is better during the epidemic. The company continued to maintain full status in foreign sales orders; in domestic sales orders, it chose to develop multi-category. It has a good overall situation.

-Chenglin Sanitary Ware achieved a net profit of 30.13 million yuan in the first half-year

Chenglin Sanitary showed in its 2021 semi-annual report that Chenglin Sanitary achieved operating revenue of approximately NT$9.9 billion (RMB2.3 billion) in the first half of the year. It achieved a net profit attributable to the mother of the company of NT$130 million (RMB30.13 million). Basic earnings per share was NT$0.37.

-HCG Sanitary achieved a net profit of NT$13.21 million in the first half year

HCG Sanitary’s half-yearly report for 2021 showed that HCG Sanitary achieved operating revenue of approximately NT$2.5 billion (RMB 600 million) in the first half of the year, and it achieved a net profit of NT$57 million (RMB 13.21 million) attributable to the mother company. Basic earnings per share was NT$0.15.

-Sanitar Co Bathroom achieved a net profit of NT$25.5 million in the first half of the year

Sanitar Co Sanitary showed in its 2021 semi-annual report that Sanitar Co Sanitary achieved operating revenue of approximately NT$1.2 billion (RMB280 million) and net income attributable to the mother company of NT$110 million (RMB25.5 million) in the first half of the year. Basic earnings per share were NT$1.52.

-Qiaochun Bathroom achieved a net profit of NT$3,709 in the first half of the year

Qiaochun Bathroom reported operating revenue of NT$4.3 billion (RMB1 billion) and net income of NT$160 million (RMB3,709) in the first half of the year, as shown in its 2021 semi-annual report. Basic earnings per share were NT$0.99.

-Sitong Corporation achieved a net profit of $30.871 million in the first half

Sitong Corporation disclosed its interim report on August 13, 2021. The Company achieved a total revenue of NT$190 million in the first half of 2021, an increase of 79% year-over-year. The net profit attributable to the mother was 30.871 million, compared with -489,000 yuan in the same period of the previous year, turning a loss into a profit. Earnings per share were $0.1.

-TOTO achieved a net profit of $530 million in the first quarter, a nine-fold increase.

On July 30, TOTO reported the first quarter of the fiscal year 2021 (April 2021 to March 2022). From April to June 2021, TOTO achieved sales of 145.7 billion yen (approximately RMB 8.585 billion), an increase of 24% year on year. In addition to sales, TOTO’s operating profit, ordinary profit, and net income attributable to shareholders of the parent company all increased several times in the first quarter, with net income attributable to shareholders of the parent company increasing nine-fold to 9 billion yen (approximately 530 million yuan) from 1 billion yen in the same period last year.

-Lixil achieved a record final profit of 1 billion yen in the first fiscal quarter

Lixil reported in the first quarter of the fiscal year 2021 that from April to June 2021, Lixil achieved sales of 345.8 billion yen (approximately 20.375 billion yuan), an increase of 11.4% year-over-year, with domestic sales in Japan decreasing by 1% and overseas sales increasing by 50%. In the first fiscal quarter, Lixil’s business profit and final profit were both at record highs. It reached 23.1 billion yen and 16.8 billion yen (RMB 1 billion), up 25.7 billion yen and 20.5 billion yen from a year earlier, and EBITDA (earnings before taxes, interest, depreciation, and amortization) reached 43.1 billion yen.

-American Standard achieved a business profit of $31 million in the first quarter, a significant increase of 404%.

American Standard reported sales of $349 million from April to June 2021, up 35% from the same period last year, according to its fiscal 2021 first-quarter report. It reported a business profit of $31 million, a significant increase of 404%.

-Grohe achieved a profit of 89 million euros in the first quarter, an 89-fold increase year-on-year.

In the first quarter of fiscal 2021, the Grohe Group reported sales of €455 million for the period April to June 2021, up 62% year-on-year. It reported a business profit of 89 million euros, 89 times more than the previous year’s figure of 01 million euros.

-The Hanyu Group is expected to achieve a net profit of 120 million in the first half of the year, up 75% year-on-year

The Hanyu Group’s annual results forecast for the 2021 half showed a same-day increase in the Hanyu Group’s projected results. The net profit attributable to shareholders of the listed company for the reporting period is 110 to 120 million yuan, an increase of 60-75% over the same period of the previous year.

-Villeroy & Boch’s sales in the first half of the year reached 3.4 billion, up 32.0% year-on-year

From January to June 2021, Villeroy & Boch achieved sales of 450 million euros (approximately RMB 3,427 million), an increase of 32.0% year-on-year. Of this, the second quarter grew by 43.0% compared to the same period last year, better than the 22.4% growth rate in the first quarter. The global epidemic developed in a positive direction, which also drove Villeroy & Boch’s sales growth.

-KVK achieved a net profit of $41.85 million in the April-June period, an increase of 22.6% over the same period last year

On July 29, KVK released its April-June 2021 report. During the period, KVK’s sales increased by 15.1% year-on-year to 6.871 billion yen (approximately 405 million yuan). This was mainly due to the increase in orders from suppliers of piping systems and building material companies. In the same period, KVK achieved net profit attributable to shareholders of the parent company of 706 million yen (RMB 41.85 million), an increase of 22.6% year-on-year. KVK said that although copper prices were high, the increase in sales also led to an increase in net profit.

-Masco Group achieved an operating profit of $804 million in the first half of the year, an increase of 29% year-on-year

From January to June 2021, Masco achieved sales of $4.149 billion (approximately RMB 26.821 billion), up 24.04% year-on-year, including sales of $2.179 billion from April to June, an increase of 23.53%. This was Masco’s fourth consecutive quarter of double-digit growth. On the profit side, Masco’s adjusted operating profit was $804 million in the first half of the year, up 29 percent from $572 million in the same period last year. This is the sixth consecutive quarter in which Masco has achieved year-over-year growth in adjusted operating profit.

-ASAHI EITO achieved a net profit of ¥29 million in the first half of the year, an increase of 39.4% year-on-year

ASAHI EITO’s semi-annual reporting period is from December 2020 to May 2021. According to the report, ASAHI EITO’s sales decreased by 18.8% to 891 million yen (approximately RMB 53 million) in the previous six months. Operating profit also decreased by 81.5% to ¥06 million, but net income attributable to shareholders of the parent company increased by 39.4% to ¥29 million for the same period.

-Franke Group’s net sales in the first half of the year reached CHF 1,260.5 million, an increase of 27.6% year-on-year

The Swiss Franke Group’s net sales in the first half of 2021 rose by 27.6% to CHF 1,260.5 million compared to the same period last year. Its net sales increased organically by 31 percent. Franke Home Solutions increased by 41.1%, Franke Foodservice Systems by 35.0%, Franke Coffee Systems by 11.4%, and Franke Water Systems by 5.5%.

Kinlong achieved net profit of NT$379 million in the first half of the year, an increase of 63.95% year-on-year

Kinlong disclosed its semi-annual report in the evening of Aug. 17. In the first half of 2021, the company achieved revenue of 3.487 billion yuan, an increase of 34.25% year-on-year. Net profit attributable to shareholders of the listed company was 379 million yuan, an increase of 63.95% year-on-year. The basic earnings per share were RMB 1.18.

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