Company News

l On April 1, the government of Linxi County, Hebei Province signed a contract with Zhonglin Wanda International Ecological Technology Co., Ltd. to jointly build a forestry complex project. With a total investment of 2 billion yuan, the first phase costs 1 billion yuan for afforestation of more than 200,000 mu; a follow-up investment of 1 billion yuan will be made to build a timber industrial park and develop qualified forest land in Linxi County into carbon sinks. 
l On April 15, five projects including Haixi Wood and Zibo Huanuo Brothers Furniture settled in Central China International Wood Industry Park in Ruichang City, Jiangxi Province. At present, there are more than 30 enterprises above designated size in the park.
l On April 24, Bama County Dongzi Wood Industry Co., Ltd. and Beijing Zhonghai Shengdian Investment Development Co., Ltd. signed the contract on an 180,000 cubic meters ecological joinery board capacity expansion and technical renovation project with investment of 300 million yuan. Three ecological joinery board production lines will be reconstructed, and each production line will produce 60,000 cubic meters of ecological joinery board annually.
l In 2019, Fenglin Group achieved a total revenue of RMB 1.943 billion, an increase of 21.63% over the previous year, and a total net profit of RMB 170 million, an increase of 22.65% over the previous year. Of which panel board production was 1.249 million cubic meters, panel board selling revenues were RMB 1.852 billion.
l In 2019, Oupai achieved a total revenue of RMB 13.533 billion, an increase of 17.59% over the previous year, and a total net profit of RMB 1.839 billion, an increase of 17.02% over the previous year. Of which, operating revenues from cabinet business reached RMB 6.193 billion, up 7.43% year on year, wardrobe selling revenues were RMB 5.167 billion, up 24.56% year on year.
l In 2019, Kuka Home achieved a total revenue of RMB 11.094 billion, an increase of 20.95% over the previous year, and a total net profit of RMB 1.161 billion, an increase of 17.37% over the previous year.
l In 2019, Jiangshan Oupai achieved a total revenue of RMB 2.027 billion, an increase of 57.98% over the previous year, and a total net profit of RMB 261 million, an increase of 71.11% over the previous year.
l In 2019, Golden Home achieved a total revenue of RMB 2.125 billion, an increase of 24.90% over the previous year, and a total net profit of RMB 242 million, an increase of 15.37% over the previous year. Of which, operating revenues from cabinet business reached RMB 1.782 billion, up 16.02% year on year, wardrobe selling revenues were RMB 305 million, up 121.36% YOY, revenues from wooden door business reached RMB 7.61 million, up 2078.71% YOY, others were RMB 0.3924 million.
l In 2019, PIANO achieved a total revenue of RMB 1.471 billion, an increase of 32.53% over the previous year, and a total net profit of RMB 175 million, an increase of 23.33% over the previous year. Of which, operating revenues from cabinet business reached RMB 1.04 billion, accounting for 70.8% of total, wardrobe selling revenues were RMB 386 million, accounting for 26.29%.
l In 2019, Dare Power Dekor achieved a total revenue of RMB 7.298 billion, an increase of 0.51% over the previous year, and a total net profit of RMB 720 million, a decrease of 0.72% over the previous year.
l In 2019, Nature Home achieved a total revenue of RMB 3.427 billion, an increase of 17.4% over the previous year, and a total net profit of RMB 162 million, an increase of 3.4% over the previous year. Of which, operating revenues from flooring business reached RMB 2.658 billion, up 11.3% year on year, revenues from house decoration business reached RMB 769 million, up 45.2% year on year.
l In 2019, Yangzi Floor achieved a total revenue of RMB 553 million, an increase of 23.87% over the previous year, and a total net profit of RMB 60.296 million, an increase of 7.05% over the previous year.