Kompania që i shërben Kohler, Toto, Standardet amerikane dhe emrat e tjerë të njohur të markave të banjove po dalin në treg

Shkolla e biznesit të banjës

Në qershor 28, Komisioni i Letrave me Vlerë dhe të Ardhme publikoi prospektin fillestar të ofertës publike (paraqitjen) e Hangzhou Panasia Sanitary Ware Co. Panasia Sanitary Ware intends to issue about 31.27 million shares to raise funds for the construction of production bases, information technology construction, etj. Panasia Sanitary Ware 2020 has revenue of more than 1.1 trilion juanë, and its customers include TOTO, Kohler, Roca, Moen and other famous foreign companies. Roca, Moen and other well-known foreign companies. If it is successfully listed, the bathroom listed companies will add a “fierce”.

To invest 568 million yuan for the production base and information construction

Sipas prospektit, Panasia Sanitary Ware intends to list and issue 3,126,667,000 shares in domestic A-share, llogarit 25.00% of the total number of shares issued by the company, with a total share capital of 12,506,667,000 shares after the issue. It applied for listing on the Shenzhen Stock Exchange, and the issue price is not yet determined.

Panasia bathroom in the prospectus said that the issue of funds will be invested in two major projects according to the actual situation of the company, duke përfshirë “Baza e prodhimit inteligjent të produkteve të kuzhinës dhe banjës dhe e kuzhinës dhe banjës R & Projekti i ndërtimit të qendrës D dhe informacionit”, dhe “Projekti i zgjerimit të prodhimit inteligjent të produkteve të banjës “. Mes tyre, the total investment amount of the sub-project “construction project of intelligent manufacturing base for kitchen and bathroom products” është 357 milion juanë, duke llogaritur për më shumë se 60% of the total investment amount of all projects.

Njësia: milion juanë

Për 11 kompanitë e lidhura, the revenue in 2020 exceeds 1.1 trilion juanë

The prospectus shows that the predecessor of Panasia Sanitary Ware Co. Në dhjetor 2009, Panasia Limited was reorganized as a foreign-invested joint stock company and renamed as “Hangzhou Panasia Sanitary Ware Co. Ka një kapital të regjistruar prej 40 milion juanë, and the legal representative is Zhang Boliang. Aktualisht, the actual controllers of Panasia Sanitary Ware are Zhang Boliang, Ye Rujun, Zhang Ye and Yao Lei. Së bashku, they directly and indirectly hold 76.70% of the shares of the company before this issue, and together control 82.60% of the shares of the company before this issue.

It is reported that Panasia Sanitary has been engaged in kitchen and bathroom furniture business since 2010. It currently has established three production bases in Tonglu, Zhejiang, Long An, Vietnam and Rayong, Tajlandë. As of the date of the prospectus, Panasia Sanitary Ware has 9 wholly-owned subsidiaries and 2 degët.

The prospectus also discloses the business of Panasia Bathroom in the past three years. Nga 2018 te 2020, Panasia Sanitary achieved operating revenues of 743 milion juanë, 809 milion juanë dhe 1.102 trilion juanë, përkatësisht, showing a year-on-year growth trend. The net profit attributable to shareholders of the parent company for the same period is RMB 0.20 miliard, RMB 0.66 miliardë dhe RMB 118 million respectively, with the same significant growth momentum.

Njësia: milion juanë

The main business of Panasia Sanitary Ware is the research and development, production and sales of kitchen and bathroom household products. 2020, the revenue from the main business accounted for 98.83% of the company’s revenue. Përsa i përket kategorive, cabinets are the largest category in terms of revenue for Panasia Sanitary Ware, llogarit 38.36% of operating revenue. This is followed by drain rods and accessories (26.11%), rubinetat dhe aksesorët (10.90%), and elbows (7.50%). Përveç kësaj, Panasia bathroom also has production of bathroom cabinets, zorrët, furniture accessories and other products.

Njësia: milion juanë.%

Foreign sales revenue accounted for more than 50%, Toto, Roca, Kohler, Hënë, etj. are the main customers

Panasia Sanitary’s export revenue accounts for a large proportion of total revenue. The prospectus shows that from 2018 te 2020, the amount of foreign sales revenue of Panasia sanitary ware is 381 milion juanë, 443 milion juanë dhe 733 milion juanë respektivisht. It accounted for 52.52%, 55.43% dhe 67.26% nga të ardhurat kryesore të biznesit, përkatësisht.

It is revealed that the main customers of Panasia Sanitary Ware include Kohler, Hënë, Delta, Hansgrohe, Grohe, Standardi Amerikan, Toto, Roca, etj., among which the cooperation with Kohler, Hënë, Delta, American Standard and other brands has been more than 15 vjet.

In view of the high degree of customer concentration, Panasia bathroom in the prospectus to investors the relevant risks: nga 2018 te 2020, the company’s sales revenue of the top five customers are 574 milion juanë , 620 milion juanë dhe 878 milion juanë. It accounted for 77.17%, 76.65% dhe 79.68% of the current operating revenue, përkatësisht. It has a high degree of customer concentration.

In the filing, Panasia Sanitary did not disclose the expected issue date and issue price per share. According to the situation that the company can be listed about six months after the disclosure of the prospectus, if it goes well, Panasia Sanitary is expected to be listed in the second half of 2021 or the first half of 2022.

Më shumë se 20 pajisje sanitare, home furnishing enterprises lined up to go public

Deri më tani, the domestic bathroom industry-related enterprises have been listed Dongpeng Holdings, Diou Home, Huida Sanitary, Pulëbardhë Sumitomo, four pass shares, Teknologjia Solux, Shtëpia Jianlin, Me & T. The latest bathroom-related company to go public is Dongpeng Holdings, with a listing date of October 2020.

Although, no bathroom-related companies have been listed so far from 2021, megjithatë, several have started the listing process. Në nëntor 5, 2020, the SEC website released the announcement of the acceptance of Arrow home counselling filing registration, showing that the company has entered the listing process. Huayi bathroom also revealed that it would start the IPO process when it participated in the Jiangmen 100 enterprises listed mobilization meeting in November 2020. Duke hyrë 2021, Hilk became the first bathroom-related company to disclose its listing plan. The company is currently undergoing IPO counseling, and the counseling time is about April 2021 deri në tetor 2021.

Zooming in on the home furnishing industry, the number of companies that have gone public or are in the queue to go public in 2021 is even more impressive.According to incomplete statistics, listed home furnishing companies in the first half of 2021 include Wangli Security, Zhenai Maijia, Romain, Natural Outdoor Goods Inc. and Yuma Sun-Shading, among many others. Another more than 20 home furnishing enterprises are going through the process of listing, including the strongest lineup of smart home furnishing enterprises.The team includes companies such as Eoroom Intelligent, Haojiang Intelligent, ORVIBO, HHC and Ezviz.

According to the first issuance audit workflow of the Securities and Futures Commission, enterprises listed generally need to go through the acceptance, feedback session, preliminary examination session, issuance review session, sealed volume, approved issue and other links. This generally takes several months to half a year. This means that the second half to early next year, the capital market will usher in more home furnishing enterprises. Kështu, it seems that the bathroom and home furnishing industry has entered a new round of intensive listing period.