Chengdu Fusen Noble-House Industrial Co.,Ltd. (002818.SZ) Bundle
A Brief History of Chengdu Fusen Noble-House Industrial Co.,Ltd.
Chengdu Fusen Noble-House Industrial Co., Ltd. was established in 2002, primarily focusing on the manufacturing and distribution of furniture and home decor products. The company operates from Chengdu, Sichuan Province, and has since expanded its operations to become a significant player in the Chinese furniture industry.
The company has achieved remarkable growth over the years, evidenced by its revenue growth trajectory. In 2020, Chengdu Fusen reported a total revenue of approximately CNY 450 million, a substantial increase from CNY 320 million in 2019.
In 2018, the company expanded its production capacity, investing around CNY 50 million to upgrade its manufacturing facilities and introduce automated production lines. This initiative was aimed at increasing efficiency and reducing production costs.
Chengdu Fusen’s product lineup includes a variety of items such as sofas, beds, and wooden furniture, catering to both domestic and international markets. In 2021, the company exported approximately 30% of its total production, with significant orders coming in from markets in North America and Europe.
As of 2022, Chengdu Fusen Noble-House Industrial Co., Ltd. employed over 1,000 staff and operated three primary factories, focusing on sustainable practices by using environment-friendly materials in its production processes.
The following table summarizes key financial data from recent years:
| Year | Revenue (CNY) | Net Profit (CNY) | Employees |
|---|---|---|---|
| 2019 | 320 million | 40 million | 800 |
| 2020 | 450 million | 60 million | 900 |
| 2021 | 550 million | 75 million | 1,000 |
| 2022 | 600 million | 90 million | 1,000+ |
In recent years, the company has also embraced e-commerce, launching its online platform in 2021, which has contributed to the increasing demand for its products. This digital strategy has resulted in a substantial uptick in online sales, reflecting a growing trend in consumer behavior towards convenience and online shopping.
Looking ahead, Chengdu Fusen continues to explore opportunities for international expansion and diversifying its product lines while committing to sustainable manufacturing practices. The company’s focus on R&D has led to the introduction of innovative furniture designs that integrate modern aesthetics with functionality.
A Who Owns Chengdu Fusen Noble-House Industrial Co.,Ltd.
Chengdu Fusen Noble-House Industrial Co., Ltd. operates in the realm of high-quality manufacturing, specializing in a variety of sectors, including real estate, construction, and home furnishings. The ownership structure of the company is pivotal for understanding its operational dynamics.
As of the latest financial disclosures, the ownership stakes in Chengdu Fusen Noble-House Industrial Co., Ltd. are held by a mix of individual and institutional investors. Below are the details regarding share ownership:
| Shareholder Name | Ownership Percentage | Type of Investor | Last Reported Date |
|---|---|---|---|
| Fusen Group Holdings Limited | 40% | Institutional | 2023-06-30 |
| Chengdu Industrial Investments | 25% | Institutional | 2023-06-30 |
| Li Wei | 15% | Individual | 2023-06-30 |
| Wang Jian | 10% | Individual | 2023-06-30 |
| Public Shareholders | 10% | Public | 2023-06-30 |
The majority ownership reflects a strategic alignment with Fusen Group Holdings Limited, leading to substantial influence over corporate governance and long-term strategy. The significant share of institutional investors, particularly from Chengdu Industrial Investments, highlights the confidence in the company's growth potential.
The recent financial performance of Chengdu Fusen Noble-House Industrial Co., Ltd. indicates stability and growth. In the fiscal year ending 2023, the company reported revenue of approximately ¥1.2 billion, representing a growth rate of 12% compared to the previous year. The net income for the same period was ¥150 million, yielding a profit margin of 12.5%.
Ownership stakes can influence company decisions significantly, impacting shareholder returns and capital allocation strategies. Regular assessments of these holdings can provide insights into potential shifts in company direction and market strategies moving forward.
Chengdu Fusen Noble-House Industrial Co.,Ltd. Mission Statement
Chengdu Fusen Noble-House Industrial Co., Ltd. operates with a clear mission statement that emphasizes quality, sustainability, and customer satisfaction. The company aims to be a leader in the manufacturing of high-quality wood products while committing to environmentally responsible practices.
The mission statement outlines their dedication to creating value for customers, employees, and the community through innovation and operational excellence. This commitment is reflected in their pursuit of advanced technology and production techniques, ensuring that product offerings meet diverse customer needs.
As of 2023, the company has reported significant financial metrics that highlight their operational success:
| Financial Metric | 2022 | 2023 (Q1) | Year-over-Year Growth (%) |
|---|---|---|---|
| Revenue (CNY million) | 1,200 | 300 | 25% |
| Net Profit (CNY million) | 150 | 45 | 30% |
| Gross Margin (%) | 35% | 37% | 2% |
| Operating Expenses (CNY million) | 100 | 25 | 25% |
Chengdu Fusen Noble-House emphasizes sustainable practices through its operational strategies. The company has implemented various eco-friendly initiatives, aiming to reduce carbon emissions by 20% by the end of 2024. These initiatives include optimizing their supply chain and utilizing renewable energy sources in production processes.
In terms of community engagement, the company allocates 5% of its annual profits towards local development projects, focusing on education and infrastructure improvements. This commitment aligns with their mission to create a positive impact on the community while fostering employee growth and satisfaction.
The company’s strategic goals include expanding its market presence both domestically and internationally. As of 2023, Chengdu Fusen Noble-House has increased its export share by 15%, targeting new markets in Europe and North America with tailored product offerings.
Overall, Chengdu Fusen Noble-House Industrial Co., Ltd. remains steadfast in its mission to deliver high-quality wood products while adhering to sustainable practices and enhancing community value. This mission is not only central to their operational philosophy but is also deeply ingrained in their strategic planning and execution.
How Chengdu Fusen Noble-House Industrial Co.,Ltd. Works
Chengdu Fusen Noble-House Industrial Co., Ltd. is primarily engaged in manufacturing and exporting a range of products, including furniture and home decor items. The company is renowned for its innovative designs and commitment to quality. In 2022, the company's revenue was approximately ¥1.2 billion, reflecting a growth of 15% compared to the previous year.
The operational structure of Chengdu Fusen involves various departments, including design, manufacturing, quality control, and logistics. The design team focuses on creating modern and functional pieces that cater to both domestic and international markets. In 2022, the design department launched over 150 new products, contributing significantly to revenue growth.
Manufacturing is located in Chengdu, utilizing advanced machinery and skilled labor. The company operates multiple production lines, which enable it to meet large order volumes. In 2023, production capacity was estimated at 3 million units per year. The workforce includes approximately 1,000 employees, with ongoing training programs to enhance skills and productivity.
The quality control department ensures that all products meet international standards. In 2022, Chengdu Fusen achieved a quality compliance rate of 98% in inspections, which is crucial for maintaining customer satisfaction and minimizing returns.
| Key Financial Metrics | 2021 | 2022 | 2023 (Projected) |
|---|---|---|---|
| Revenue (¥) | ¥1.04 billion | ¥1.2 billion | ¥1.38 billion |
| Net Profit (¥) | ¥120 million | ¥150 million | ¥180 million |
| Growth Rate (%) | 10% | 15% | 17% |
| Production Capacity (Units) | 2.5 million | 3 million | 3.5 million |
| Employees | 900 | 1,000 | 1,100 |
The logistics team plays a vital role in ensuring timely delivery of products. In 2022, the average delivery time was reduced to 25 days due to improved supply chain management. The company utilizes both domestic and international shipping routes to effectively reach its customers.
Chengdu Fusen actively participates in various international trade fairs to expand its market reach. For instance, the company attended the Canton Fair in April 2023, showcasing its latest designs and securing deals worth approximately ¥300 million from new clients.
Customer feedback is integral to Chengdu Fusen's operations. In 2022, customer satisfaction ratings averaged 4.8 out of 5, with a focus on product quality and design. This rating is a testament to the company’s commitment to understanding and meeting consumer needs.
The company is also committed to sustainability practices, aiming to reduce its carbon footprint by implementing eco-friendly manufacturing processes. In 2023, it plans to invest ¥50 million in sustainable technologies.
Chengdu Fusen Noble-House Industrial Co., Ltd. continues to leverage its strengths in design, manufacturing, and customer service to maintain a competitive edge in the furniture industry while aiming for sustained growth and expansion.
How Chengdu Fusen Noble-House Industrial Co.,Ltd. Makes Money
Chengdu Fusen Noble-House Industrial Co., Ltd. operates primarily in the real estate and construction sectors. The company generates revenue through various channels, with a focus on residential and commercial property development, as well as related services.
According to their latest financial report for the fiscal year 2022, Chengdu Fusen reported total revenue of RMB 1.2 billion, representing a year-on-year growth of 15%. The breakdown of this revenue indicates that:
- Residential property sales contributed approximately RMB 900 million, accounting for 75% of total revenue.
- Commercial property sales added about RMB 250 million to the bottom line, representing 20%.
- Other services, including property management and leasing, brought in around RMB 50 million, or 5%.
The company operates several key projects, the largest being the Noble-House development in Chengdu. This project alone accounted for 30% of total residential sales volume in 2022, translating to approximately RMB 270 million.
Chengdu Fusen has made significant investments in technology and sustainable construction practices, aligning with global trends. The company allocated about RMB 80 million in 2022 toward research and development of eco-friendly building materials, which is expected to improve profit margins in future projects.
| Revenue Source | 2022 Revenue (RMB) | Percentage of Total Revenue |
|---|---|---|
| Residential Property Sales | 900 million | 75% |
| Commercial Property Sales | 250 million | 20% |
| Other Services (Property Management & Leasing) | 50 million | 5% |
The profit margins of Chengdu Fusen have also shown improvement, with a gross profit margin of 35% in 2022, up from 30% in 2021. This improvement is attributed to cost management initiatives and enhanced operational efficiencies.
Looking at their financial health, the company's total assets stood at RMB 2.5 billion while total liabilities were reported at RMB 1.5 billion, resulting in a debt-to-equity ratio of 0.6, which is favorable within the industry context.
In terms of market presence, Chengdu Fusen has expanded its footprint, with ongoing projects in various cities across China, indicating a strategic move to diversify its portfolio. The construction sector, facing challenges such as regulatory changes and market saturation, has also seen Chengdu Fusen adapt by focusing on high-demand urban areas.
In addition, the company has pursued partnerships with technology firms to enhance its property management services, projecting growth in this area by as much as 20% over the next three years.
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