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Henglin Home Furnishings (603661.SH): Some products are sold through the Xiaomi Youpin platform.
Glory Network reported on January 9th that Henglin Home Furnishings (603661.SH) stated on the interactive platform that some of the company's products are sold through the Xiaomi Youpin platform.
Henglin Home Furnishings (603661.SH): Subsidiary recognized as a high-tech enterprise.
On January 7, GELONGHUI reported that Henglin Home Furnishings (603661.SH) announced that, according to the recent notice published by the Office of the Leading Group for the Management of the National High-tech Enterprise Certification, "Announcement on the Filing of the Third Batch of High-tech Enterprises Recognized by Institutions in Guangdong Province for 2024," Dongguan Chef Doctor Home Co., Ltd. (hereinafter referred to as "Dongguan Chef Doctor"), a wholly-owned subsidiary of Henglin Home Furnishings, has been included in the filing list of high-tech enterprises for 2024 recognized by institutions in Guangdong Province. The certificate number is GR202444008895, and the issuance date is December 11, 2024.
haitong sec: The development of cross-border e-commerce is thriving, and the scale of furniture and home industry going global is promising.
Based on the increase in disposable income in developed countries and the convenience of online shopping, furniture and home furnishing products are expected to become the fastest-growing category in the global B2C e-commerce market.
henglin home furnishings (603661): Continuous layout in the home furnishing track, the momentum of cross-border e-commerce is rapid.
Investment highlights: obvious advantages in office furniture, continuously expanding in the home furnishing industry. Henglin Home Furnishings was established in 1998, listed in 2017, and is currently one of the largest manufacturers and exporters of office chairs in the country. The sales in 2023 are approximately 8.2 billion yuan.
henglin home furnishings (603661): Cross-border e-commerce business revenue is increasing quarterly, with gross margin under temporary pressure.
Cross-border e-commerce business revenue has been increasing quarter by quarter, playing a significant role in driving revenue, but short-term high marine transportation costs, new warehouse ramp-up, and the closure of inefficient stores have led to temporary pressure on profitability. In 2024 Q1-Q3, the company achieved revenue of 78.
Henglin Stock 2024 Third Quarter Report