From April 18 to April 22, the Securities Regulatory Commission issued a number of IPO companies' prospectuses, including household appliances such as Sichuan Imperial Sanitary Ware and Jiangsu Yazhen Furniture. According to relevant sources, the accelerated listing of home companies will facilitate the transformation and upgrading of the entire industry.

Raised funds for "expansion"

The reporter noted that Jiangsu Yazhen Furniture's prospectus stated that it plans to be listed on the main board of the Shanghai Stock Exchange and intends to issue 5,474,900 shares. The total capital to be raised is 602 million yuan, of which 416 million yuan will be used for marketing network expansion and 98.36 million will be used. For expansion projects such as sofas and furniture, RMB 57.99 million was used for technical transformation of furniture production lines, RMB 29.76 million for information system construction projects; Sichuan imperial wares were to be listed on the small and medium-sized board of the Shenzhen Stock Exchange, and will issue no more than 21.6 million. Shares, of which the company’s shareholders’ public offerings will not exceed 10.70 million shares, the actual controllers of the company, Liu Jin, Chen Wei, and Wu Zhixiong’s shares transferred by way of public offerings, shall not exceed 4,457,600 shares, 3,355,900 shares, and 3,355,900 shares respectively. The funds raised from this public offering will be mainly used for the company's annual production capacity of 360,000 sets (sets) of acrylic sanitary ware production capacity expansion projects and marketing network expansion projects.

Accelerated IPO of many home-based companies It is reported that on April 18, the China Securities Regulatory Commission issued the list of first-phase corporate pre-disclosed companies. It is the first time that companies have disclosed pre-disclosure since October 25, 2012. Zhu Changling, chairman of the China Furniture Association, said that the concentration of IPOs in home companies is the result of years of accumulated development in the industry. He said: “Home-enterprise companies entering the financial market show that they have changed the scale of “small and scattered” before, and have grown into modern enterprises in all aspects. In addition, companies that currently disclose their prospectuses have integrated small businesses or other branded companies and built a group The company's ideas will help transform and upgrade the entire industry."

Yu Lei, a senior marketer, said: “The announcement of IPOs by many companies in the home industry means that the home industry is moving toward formalization and standardization. These companies are mainly based on the domestic retail market. Yazhen Furniture is characterized by Shanghai furniture and has developed solidly. Stabilization; another Qumei Furniture, which announced the prospectus, dared to innovate and focus on building its own brand. The brand development in the home industry is very good. I am optimistic about their price-earnings ratio and profit margin.”

According to industry sources, the opening of the IPO will prompt a number of home companies in line to speed up the process. According to the "Issuance Supervision Department's Initial Public Offering Stock Review Work Process and Reporting Enterprise Status" published on April 18 by the China Securities Regulatory Commission, Hongxing Meikailong Home Group, Op Lighting, Gujia Household, and Jiangsu Hengkang Home Technology are "accepted". Stage; Zhejiang Yongyi Furniture, Guangzhou Haolai Ke Creative Home, Hunan Love Home Textiles, and Three Tree Paints are in the “Feedback” stage.