Custom-made refers to made for one particular person or purpose.In 2020, the sudden epidemic has posed more severe issues to the home furnishing industry, which is already undergoing channel changes and traffic re-creation.
According to data from the Paint Industry Association, China's paint output in 2020 was 24.591 million tons, a year-on-year increase of 2.6%; China's wood output was 87.27 million cubic meters, a year-on-year decrease of 13.1%.
In addition, according to the National Bureau of Statistics, from January to November 2021, China's output of plastic products was 72.05 million tons; the output of aluminum alloys was 9.55 million tons; and the output of copper products was 19.15 million tons.
In addition, according to the National Bureau of Statistics, from January to November 2021, China's output of plastic products was 72.05 million tons; the output of aluminum alloys was 9.55 million tons; and the output of copper products was 19.15 million tons.
Custom Furniture Market Size
With people's enjoyment of life and the pursuit of beauty and individuality, various customizations have developed. The market size of the custom furniture industry has also increased year by year. Among them, the market size of China's custom furniture industry in 2021 will be about 418.9 billion RMB, a year-on-year increase of 9.9%
With people's enjoyment of life and the pursuit of beauty and individuality, various customizations have developed. The market size of the custom furniture industry has also increased year by year. Among them, the market size of China's custom furniture industry in 2021 will be about 418.9 billion RMB, a year-on-year increase of 9.9%
Furniture Customization Enterprise Analysis
Founded in 1994, Oppein Home is a leading one-stop high-quality comprehensive home furnishing service provider in China. The company is mainly engaged in personalized design, research and development, production, sales, installation and interior decoration services of whole-house household products. Starting from custom cabinets, and extending from cabinets to whole house products, covering whole kitchens, whole wardrobes (whole house customization), whole bathrooms, customized wooden door systems, metal doors and windows, soft decoration, furniture accessories and other whole household products.
Among them, the operating income of Oppein Home furniture manufacturing industry in 2020 was 14,507.44 million RMB, an increase of 8.5% year-on-year; the operating cost of Oppein Home furniture manufacturing industry was 9,473.18 million RMB, a year-on-year increase of 10.4%; the gross profit margin of furniture manufacturing industry was 34.7%.
Founded in 1994, Oppein Home is a leading one-stop high-quality comprehensive home furnishing service provider in China. The company is mainly engaged in personalized design, research and development, production, sales, installation and interior decoration services of whole-house household products. Starting from custom cabinets, and extending from cabinets to whole house products, covering whole kitchens, whole wardrobes (whole house customization), whole bathrooms, customized wooden door systems, metal doors and windows, soft decoration, furniture accessories and other whole household products.
Among them, the operating income of Oppein Home furniture manufacturing industry in 2020 was 14,507.44 million RMB, an increase of 8.5% year-on-year; the operating cost of Oppein Home furniture manufacturing industry was 9,473.18 million RMB, a year-on-year increase of 10.4%; the gross profit margin of furniture manufacturing industry was 34.7%.
Among them, the operating income of Oppein Home kitchen cabinets in 2020 was 6,061.47 million RMB, a year-on-year decrease of 2.1%; the wardrobe operating income was 5,771.61 million RMB, an increase of 11.7% year-on-year; the bathroom operating income was 739.48 million RMB, an increase of 18.5% year-on-year;the operating income of wooden doors was 770.89 million RMB, a year-on-year increase of 29%.
Among them, the operating cost of Oppein Home kitchen cabinets in 2020 was 3,868.96 million RMB, a year-on-year decrease of 1.5%; the operating cost of wardrobes was 3,464.78 million RMB, an increase of 11.6% year-on-year; the bathroom operating cost was 542.28 million RMB, a year-on-year increase of 17.7%; the operating cost of wooden doors was 663.33 million RMB, a year-on-year increase of 26.7%.
In 2020, the gross profit margin of Oppein Home kitchen cabinets was 36.17%; the gross profit margin of Oppein Home wardrobes was 39.95%; the gross profit margin of Oppein Home sanitary ware was 26.67%; the gross profit margin of Oppein Home wooden doors was 13.95%.
Among them, the output of Oppein Home's overall bathroom in 2020 was 459,046 sets, an increase of 18.7% year-on-year; the output of overall wardrobes was 1,846,603 sets, an increase of 8.2% year-on-year; the output of overall kitchen cabinets was 99,997 sets, a year-on-year decrease of 1.1%;the overall wooden door output was 632,012 pieces, a year-on-year increase of 9.3%.
Among them, the sales of Oppein Home’s overall bathroom in 2020 was 1,877,771 sets, a year-on-year increase of 13.3%; the sales of overall wardrobes were 451,124 sets, a year-on-year increase of 18.4%; the sales volume of overall kitchen cabinets was 713,309 sets, a year-on-year increase of 2.5%; the overall wooden door sales were 638,138 sets, A year-on-year increase of 11.5%.
Among the products produced by Oppein Home in 2020, the number of overall wardrobes is at most 1.847 million pieces; followed by 700,000 pieces of overall kitchen cabinets; and 632,000 pieces of overall wooden doors.
From 2018 to 2020, the operating income of Oppein Home dealers is far greater than the operating income of direct sales stores. Among them, the operating income of Oppein Home direct sales stores in 2020 is 398.683 million RMB, a year-on-year increase of 14.7%; the operating income of dealerships is 11,184.21 million RMB, a year-on-year increase. up 6%.