Newsletter 丨 Conducting anti-dumping negotiations on ceramic tiles Emperor ware's net profit in the

Concerned about industry information, reviewing recent news, in 2016, the capacity of Turkish ceramic sanitary wares reached 23 million pieces. The semi-annual report of Emperor Sanitary Ware announced that the net profit of Emperor Ware in the first half of the year increased by 38.48%, and Nanan Sanitary Ware Co., Ltd. accelerated to “kitchen and bathroom integration”. Fujian sanitary ware enterprises regard the county-level and township markets as new positions.

Newsletter 丨 Conducting anti-dumping negotiations on ceramic tiles Emperor ware's net profit in the first half of the year increased by 38.48% (image from the Internet)

Turkish ceramic bathroom: 2016 exports of 7.97 million sanitary products in Turkey

In 2016, Turkey's ceramic sanitary ware production capacity reached 23 million pieces. According to cutting-edge data, in 2016, Turkey produced 19.8 million sanitary ware products and delivered 7.98 million export sanitary ware products worth US$198 million. In addition, Germany, the United Kingdom, Israel, Italy, the United States and France have become major export destinations for ceramic sanitary ware producers.

Emperor ware's net profit in the first half of the year increased by 38.48%

The semi-annual report released by Emperor Sanitary Ware on the evening of August 2 showed that the company achieved revenue of 223 million yuan in the first half of the year, a year-on-year increase of 16.98%, and a net profit of 24.13 million yuan, an increase of 38.48%. At the same time, the company expects a net profit margin of 30.81 million yuan to 35.94 million yuan in the first three quarters of this year.

The report shows that the gross profit margin of the company during the period was 28.78%, a slight decrease of 1.15%. In order to cope with the pressure brought by the price fluctuation of the main raw material MMA, in order to maintain the stability of the overall sales gross profit margin, the company has taken active measures. On the one hand, the company has increased process innovation and technology upgrades to effectively improve production efficiency, while adjusting moderately. The sales price is effectively transmitted downstream.

Judging from the industry situation, in the first half of 2017, after the major cities in the country continued to introduce series of control policies such as purchase restriction, restricted sales and restricted loans, the real estate transaction volume of major cities in the first half of 2017 showed a certain decline, but due to 2015 and 2016. The annual sales area of commercial housing continued to grow, and the decline in real estate transaction volume did not have a significant impact on downstream decoration, decoration and the sanitary industry in which the company is located. In the first half of 2017, the company complied with the macroeconomic situation and industry characteristics, and strengthened a series of work such as brand building, new product development, marketing channel expansion and improvement, and process innovation, and achieved good business results.

In addition, the issue of Emperor Sanitary Ware's issuance of shares and payment of cash to purchase 98.39% equity of Ou Shennuo has been successfully held. The company's profitability will be greatly improved after the completion of the merger and acquisition plan, and future business development is expected to reach a new level.

Nanan Sanitary Ware Co., Ltd. accelerates to “kitchen and bathroom integration”

Recently, Brilliant Plumbing Group announced that it will be involved in the kitchen appliance industry at the semi-annual marketing summit and new product launch conference of Brilliant Sanitary Ware in Nanning, Guangxi. That is to say, in the future, not only can you see brilliant faucets, toilets, showers and other sanitary products, but also kitchen appliances such as range hoods, gas stoves and electric water heaters with brilliant brands.

It is Jiumu Sanitary Ware that Nanan Enterprise took the lead in launching this gun. On June 16, 2011, Jiumu Sanitary Co., Ltd. officially announced the establishment of Jiumu Kitchen & Bathroom Co., Ltd., which will be engaged in research and development of toilet lids, and systematically research and develop and produce kitchen and bathroom intelligence.

In addition to smart toilets, cabinet products have become an important breakthrough. At the Shanghai Kitchen and Bath Show held in June 2016, Jiu Mu portable handcased its cabinet star product “Shangri-La” for the first time. After more than a month, the JOMOO kitchen cabinet held a national investment conference in Fuzhou. "The kitchen and bathroom are not separated.

Also in 2016, another company in Nan'an, Fujian Province, Lelang Smart Kitchen & Bathroom Co., Ltd. held a 2016 Lelang kitchen and bathroom strategy conference with the theme of “Deep Focus, Leading Change, Focusing on Smart Customization”. At the meeting, Fan Qingcan, chairman of Lelang Kitchen and Bath, announced that in 2016, Lelang will adopt the strategy of “crossing, innovation and transformation” as the strategic theme, officially deploying the “kitchen and intelligent customization” integration strategy of Lelang 4.0, and extending the industrial chain. To the cabinet sector, cross-border cabinet customization, customizing new markets with smart custom cabinets and integrated bathroom customization.

Sanitary enterprise channel, Shenxian Township market, re-ignition

With the fiercer competition in first- and second-tier cities, more and more sanitary enterprises have taken county-level and township markets as new positions. Last week, Fujian Hengtong Sanitary Ware Co., Ltd. announced in the middle of the dealer conference in Nanan that from 2017, Hengtong will further sink the channel to the township market, and strive to build a first-line brand of the third-fourth channel.

Faced with overcapacity and weak market pressure, Nantong enterprises such as Hengtong Sanitary Ware, Jiemei Building Materials and Hanyi Kitchen and Bath actively responded to the reform of the supply side of the country, actively adapted to the new normal, adjusted the market direction, and embarked on a process of de-capacity and destocking. The road to "going to the countryside."

Foshan Bureau of Commerce organizes ceramic enterprises to go to Pakistan to carry out anti-dumping negotiations on ceramic tiles

On August 1st, under the leadership of Vice President Qian Jingyi of China Minmetals Chemicals Import and Export Chamber of Commerce, Foshan Municipal Bureau of Commerce, Foshan Ceramic Industry Organization Foshan Export Ceramics Enterprise, Foreign Trade Company and Jincheng Tongda Law Firm went together. Pakistan is involved in the negotiation of ceramic anti-dumping price commitments.

On the morning of the same day, the delegation visited the Pakistani Economic and Trade Office of the Ministry of Commerce. In the afternoon, I met with a lawyer and communicated with more than a dozen major Pakistani importers. Everyone confessed to exchange opinions and strive to reach a consensus as soon as possible.

The delegations attending this negotiation include: National Minmetals Chemicals Import and Export Chamber of Commerce, AQSIQ, Foshan Municipal Bureau of Commerce, Foshan Ceramics Industry, Yingpai Ceramics, Hongyu Ceramics, Junjing Industrial, Yixu Commerce, Jincheng Tongda Law Firm.

Representatives of the Pakistani side include: Chairman of the Pakistan Taxation Committee and ntc members responsible for anti-dumping of Chinese ceramics.