Kitchen and electrical Enterprises Three quarterly results show that, affected by the weakness of the real estate market, the growth rate of the kitchen and electricity industry has slowed further, kitchen and electricity enterprises have sought new breakthroughs, expanding new areas. Among them, with the hood of the Boss Electrical Appliances (002508.SZ) in the first three quarters of 2018 operating income of 5.39 billion yuan, an increase of 8.14%, the third quarter of the growth rate of 5.98%; The net profit attributable to shareholders of listed companies was 1.01 billion yuan, an increase of 5.33% on the same year, In the third quarter, the growth rate was-3.14%.
BOSS Appliances expect net profit growth for the full year of 0%~10%. Another chef electric Enterprise Wah di shares (002035.SZ) The third quarterly report, released October 23, showed that its operating income was 4.65 billion yuan in the first three quarters of 2018 years, an increase of 13.78% on a year earlier, with a growth rate of 6.98% per cent in the third quarter, and a net profit attributable to shareholders of listed companies at 440 million yuan. Grew 41.91% year-on-year, with a growth rate of 31.31% in the third quarter.
Wah di shares are expected to increase their annual net profit growth between 30%~50%. Main kitchen Appliances Suber (002032.SZ) The third quarterly report, released October 24, showed its operating income of 13.39 billion yuan in the first three quarters of 2018 years, an increase of 24.7% per cent year-on , with a growth rate of 20.24% per cent in the third quarter.
Suber expects net profit growth for the whole of the year to be between 0%~30%. The Jiuyang shares (002242.SZ), which were launched with soybean milk machine, also released three quarterly reports on October 20. In the first three quarters of this year, Jiuyang shares operating income of 5.44 billion yuan, an increase of 7.35%, with a growth rate of 0.08% in the third quarter, and a net profit of 569 million yuan to shareholders of listed companies, an increase of 5.68% on a year earlier, with a growth rate of 12.28% in the third quarter.
Jiuyang shares expect net profit growth of between 20% and 20% for the full year.
In order to break through the slowdown in the kitchen and electricity market growth, these kitchen and electricity companies have been acquiring and expanding this year. Jiuyang shares this year with 12.495 million yuan to buy vacuum cleaner enterprises ' Shark ' (Chanconin Home (China) Technology Co., Ltd.) 51% of the equity, signed an Equity transfer agreement in July, in August has been the registration of industrial and commercial changes.
This means that Jiuyang shares will be from soy milk machine, juicer, cooking machine and other kitchen appliances, extended to vacuum cleaners and other environmental life appliances, expand the scope of business, expand new growth points. Wah di shares this year by kitchen appliances, expanding the field of home installation.
In addition, in August this year, Wah di shares also purchased a partial stake in Zhongshan Wah di Environmental Technology Co., Ltd., thus holding a 100% stake in the Wah di Environment, which helps the Chinese emperor shares in the water purifier, air purifier field development. Suber is also expanding the border, has been from rice cookers, electric pressure cookers, etc., extended to cookers and other products. In October this year, suber investment in Shaoxing, Zhejiang Province set up a wholly-owned subsidiary of Zhejiang Suber Kitchen Appliance Manufacturing Co., Ltd. (tentative name), registered capital of 100 million yuan.
The new company's business scope covers gas tools, hood, disinfection cabinets, water purification machines, etc., for the next expansion to do the groundwork. Boss Electrical appliances have been from the household hood, extended to embedded steam box, central hood and other fields. According to its three quarterly reports, in the third quarter of this year, the Boss electrical appliance has Shengzhou the Golden Emperor Intelligent Kitchen and Electricity Co., Ltd. into the scope of the consolidated report. and the boss Electrical Appliance Holdings Jindi Company, is to use this to expand the integration of the stove business.
Interestingly, the integrated cooker is on both sides of the stove, through the wind and airflow directly suck out the fume, is the ' leather hood life ' products. During the investor relations event on September 26 this year, the head of boss Appliances said the kitchen industry had not moved away from its high reliance on real estate, which is the main reason for the slowdown in performance since the four quarter last year. This round of real estate control cycle will be relatively long, kitchen electricity in the short term will not appear in the past high-speed growth. But in the industry adjustment period, the company's market share continues to improve, and including hood, cooker, including the kitchen and electrical category is far from mature, so in the long run, the kitchen and electricity industry is enough to produce a hundreds of billions of magnitude of the enterprise.
After this round of adjustment period, a large number of small brands will be reshuffled out, thus accelerating the integration of the industry. Kitchen and electricity companies ' growth slowed in the three quarter | has expanded into new areas.