Huadi third quarter revenue of 1.456 billion yuan: Strength products to create high-quality kitchen space

2022-10-31 15:28 0

/ Aswen News/October 31, 2022 Guangzhou -- October 28 evening, Huadi Stock (SZ002035) released the third quarter 2022 report, quarterly report showed that Huadi stock in the third quarter of 2022 revenue of 1.456 billion yuan, an increase of 11.5% year-on-year; Net profit attributable to shareholders of listed companies was 39.199 million yuan, an increase of 2.39% year-on-year. In the first three quarters, the operating revenue reached 4.259 billion yuan, an increase of 7.42% year-on-year; Net profit attributable to shareholders of listed companies was 281 million yuan, an increase of 1.1% year-on-year.

In the third quarter of this year, the overall kitchen electricity market continues to be cold. AVC offline market monitoring data shows that in the main categories of kitchen and bath in August, the offline retail sales scale of range hoods, dishwashers, integrated stoves, electric heating and heating were respectively -21.9%, 8.1%, -10.3%, -29.3% and -24.4%. The overall trend is downward. Huadi in the third quarter "bucking the trend", showing the strong resilience of the enterprise development.

Revenue growth cannot be separated from quality kitchen appliances. This year, Huadi launched a number of new blockbuster products. At the brand new product release conference in July, Huadi released a series of brand upgrades covering core technology, category planning and new products. At the same time, Huadi integrated stove, new love set products and new form of close cabinet smoke machine, innovative main and auxiliary three-cavity range hood, newly upgraded Mandarin duck stove and a series of new products all appeared. And to the "easy to use, good looking, good clean" three good standards to construct the ideal kitchen electric products in the eyes of consumers.

The core patented technology has been one of the main advantages of Vantage to maintain high product competitiveness. This year, the core technologies of Huadi products such as smoke stoves and dishwashers have been upgraded. For example, Huadi's new generation of concentrated energy combustion technology has made comprehensive breakthroughs in heat convection, heat radiation and heat conduction, and achieved a new breakthrough in thermal efficiency up to 84% through the comprehensive application of "new turbo-combustion technology", "aerogel heat insulation coating" and "double-sided heat insulation technology".

The great energy washing and drying dishwasher adopts the third generation of V-Wash great energy washing and washing system. Meanwhile, it takes the lead in the application of high-end layered supercharged washing technology in this type of dishwasher in the industry to achieve a new breakthrough in the capacity cleaning of similar dishwashers, and at the same time, it can wash clean, wash more and achieve the first class water efficiency. Patented dry antibacterial system through the patent double drainage pump to remove residual water and double fan hot air drying, after the third party authority test, become the industry's first 7 days of antibacterial storage, and achieve a dry state effect of the dishwasher.

In addition, in the aspect of smoke machine, the innovative smoke cavity extrapolation design of Huadi Near cabinet suction machine, as well as the industry's first three-cavity shape of Huadi main and auxiliary three-cavity range hood with "one main cavity and two auxiliary cavities" are also highly praised for their practicability and innovation.

systematic product category layout

Adhering to the consistent user thinking, after insight into consumers' functional and spatial integration requirements for kitchen electronics products, Huatid put forward "one center, two solutions" this year: On the basis of continuing to deepen the "home integration" strategy, taking this as the center, we put forward two major solutions, "set kitchen electricity solution" and "integrated kitchen electricity solution", and systematically integrated and expanded its product categories.

Kitchen electric solutions, Huadi for young consumers' values, living conditions, dietary structure and other changes, in-depth insight into their cooking, water scene, launched a new "pet" for young newlywed families, which combines fashion, function and intelligence. With a high level of appearance, high cost performance, a variety of intelligent auxiliary functions are widely popular among many young "have children".

In terms of integrated kitchen electricity solutions, Vantage proposed an integrated kitchen center involving four plates, and launched the Vantage integrated stove under the integrated cooking center plate. Huadi integrated stove integrates its own large number of product resources, diversified collocation, provides diversified configuration for consumers, on-demand purchase, can meet the kitchen functional needs of consumers of different levels and preferences.

At present, Huadi has more than 700 R & D and design personnel, as well as more than 3,300 patents covering gas technology, combustion technology, smoke extraction technology and other fields, and more than 470 appearance patents. Huadi is one of the enterprises with the largest R&D investment in the kitchen electricity industry.

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Opportunities will only be reserved for the prepared people, always pay attention to research and development, maintain the leading product technology, so that Vantage has enough strength, in the face of the "dilemma" of the industry still maintain development.

Source: Corporate press release
Keywords: Huadi
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