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Last week, there were constant developments in home furnishing companies. The 26th China Construction Expo (Guangzhou) and the 2024 Guangzhou Health Expo closed; due to the inability to repay the principal and interest of debts on time, some assets of Dongyi Risheng Company and its subsidiaries were seized; the 2024M+ China High-end Interior Design Competition was launched; the State Administration for Market Regulation implemented mandatory product certification for hoses used to connect gas appliances; and many companies such as AIA Ceiling and Mona Lisa released their performance forecasts for the first half of 2024.

The 26th China Construction Expo (Guangzhou) and the 2024 Guangzhou Health Expo closed

On July 11, the 26th China Construction Expo (Guangzhou) came to an end, and the 2024 Guangzhou Bathroom Expo closed at the same time. This year's China Construction Expo (Guangzhou) was themed "Building an Ideal Home, Serving a New Pattern", forming a "5+1 pattern" with five theme exhibition areas of "customization, system, intelligence, design, and material art" and a bathroom expo. There were more than 2,000 exhibitors and more than 100 high-end conferences and activities. A total of more than 200,000 professional visitors from 116 countries and regions attended the exhibition, of which the number of overseas visitors increased by 174% year-on-year. The exhibition ushered in four "renewals" in the development of new tracks, multi-channel empowerment, full-chain marketing, and domestic and foreign circulation.

Some assets of Dongyi Risheng Company and its subsidiaries were seized

On July 12, Dongyi Risheng issued an announcement stating that some of the company's and its subsidiaries' assets were seized, involving assets under Dongyi Risheng Home Decoration Group Co., Ltd., Dongyi Risheng Smart Home Technology Co., Ltd., and Beijing Silin Technology Co., Ltd., all for three years. The announcement showed that the main reason for the seizure of the above assets was that the company was short of liquidity and could not repay the principal and interest of the creditors on time, resulting in the creditors taking measures such as litigation to preserve the property.

2024M+ China High-end Interior Design Competition Launched

Recently, the organizing committee of the "Designed for Chinese Life" 2024M+ China High-end Interior Design Competition has invited interior designers across the country to participate in the competition. 16 major sub-competition areas across the country, including Shanghai, Nanjing, Jinan, Shenyang, Zhengzhou, and Kunming, are simultaneously accepting applications to launch city competitions to help designers unleash their creative potential.

The State Administration for Market Regulation implements mandatory product certification for hoses used to connect gas appliances, etc.

On July 10, the official WeChat account of the State Administration for Market Regulation, "Shi Shuo Xin Yu", announced that the State Administration for Market Regulation has recently implemented compulsory product certification (CCC certification) management for gas appliance connection hoses and gas emergency shut-off valves, which have high safety risks and are of concern to consumers. Certification commissions will be accepted from October 1, 2024, and mandatory implementation will begin on October 1, 2025. At present, the CCC certification catalog has covered gas appliances such as commercial gas burners, household gas burners, household gas instant water heaters, and gas heating water heaters.

AIA Ceiling Announces 2024 Semi-annual Results Forecast

On July 8, Zhejiang Youbang Integrated Ceiling Co., Ltd. released its 2024 semi-annual performance forecast, predicting a net loss of 21 million to 30 million yuan attributable to shareholders of the listed company in the first half of this year, compared with a profit of 58.9608 million yuan in the same period last year, and a net loss of 28 million to 37 million yuan after deducting non-recurring gains and losses, compared with a profit of 29.4298 million yuan in the same period last year. The basic earnings per share were a loss of 0.16 yuan to 0.23 yuan, compared with a profit of 0.45 yuan per share in the same period last year.

Arrow Home: Net profit expected to reach 30 million to 40 million yuan in the first half of the year

On July 8, Arrow Home Furnishing Group Co., Ltd. announced its 2024 semi-annual performance forecast, expecting to achieve a net profit attributable to shareholders of the listed company of 30 million to 40 million yuan in the first half of this year, a decrease of 82.49% to 76.65% compared with the same period last year, and a net profit of 13 million to 15 million yuan after deducting non-recurring gains and losses, a decrease of 91.31% to 89.97% compared with the same period last year.

Mona Lisa: Net profit expected to reach 66.8 million to 96 million yuan in the first half of the year

On July 9, Mona Lisa Group Co., Ltd. announced its 2024 semi-annual performance forecast, stating that the net profit attributable to shareholders of the listed company in the first half of the year is expected to be 66.8 million yuan to 96 million yuan, the net profit after deducting non-recurring gains and losses is expected to be 62 million yuan to 90 million yuan, and the operating income is expected to be 2.2 billion yuan to 2.43 billion yuan.

Tianan New Materials' first-half performance is expected to increase

On July 9, Guangdong Tianan New Materials Co., Ltd. issued an announcement on the expected increase in 2024 semi-annual performance, stating that it is expected to achieve a net profit attributable to shareholders of the listed company of approximately RMB 50.2 million to RMB 57.6 million in the first half of 2024, an increase of RMB 13.033 million to RMB 20.433 million compared with the same period last year, a year-on-year increase of approximately 35% to 55%.

MLS plans to increase capital in two subsidiaries

On July 8, Mulinsen Co., Ltd. issued the "Announcement on the Capital Increase of Subsidiaries", stating that in order to promote the continued rapid and steady development of its wholly-owned subsidiary Zhongshan Mulinsen General Lighting Co., Ltd., the company agreed to use self-raised funds to increase the capital of Mulinsen General by RMB 95 million, and the capital increase price is RMB 1 for every RMB 1 of registered capital. After the capital increase, the registered capital of Mulinsen General will increase from RMB 5 million to RMB 100 million; it plans to use self-raised funds to increase the capital of its subsidiary Ji'an Mulinsen Optoelectronics Co., Ltd. by RMB 300 million, and the capital increase price is RMB 1 for every RMB 1 of registered capital. After the capital increase, the registered capital of Mulinsen Optoelectronics will increase from RMB 300 million to RMB 600 million.

Beijing News reporter Zhang Jie

Editor Wang Lin

Proofread by Yang Li