Kinlon Hardware And Hecheng Sanitary Ware Set Up A Joint Venture
Kitchen And Bathroom Industry Mainstream Media Kitchen And Bathroom Information
Kinlon Hardware and HeCheng Sanitary Ware established a joint venture company in Dongguan on March 29th. The two sides said that they will open more cooperation of all related products with kitchen and bathroom equipment as the axis, and truly realize the one-stop integrated service between Kinlon Hardware and HeCheng Sanitary Ware.
According to the news released by Kinlon Hardware, Kinlon Hardware and HeCheng Sanitary Ware have many opportunities for cooperation in the engineering field. Whether it is a large common construction project, refined residential projects, medical and health projects, high-end hotels, etc., from sanitary equipment, hardware and brass, construction materials, auxiliary materials and other products to integrate and complement each other, but also from customer development and exchange of contacts, has long become a familiar and friendly business friends. After the in-depth discussion and business layout between the executives of both sides, the further strategic cooperation between the two sides was ushered in. According to the 2020 annual performance snapshot released by Kinlon Hardware, the total operating revenue from January to December 2020 was about 6.737 billion yuan, an increase of 28.20% over the same period of the previous year; the net profit attributable to shareholders of the listed company was 815 million yuan, an increase of 85.61% over the same period of the previous year. The announcement showed that the total assets of JIANGLANG Hardware were 6.722 billion yuan, an increase of 35.74% over the beginning of the reporting period.