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Bathroom Towel Rack Revenue Of 470 miliona yuan, This Company Intends To Be Listed On The GEM

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Bathroom Towel Rack Revenue Of 470 Million Yuan, This Company Intends To Be Listed On The GEM - News - 1

Talu ai nei, Jiangxi AVONFLOW HVAC Technology Co., Ltd. disclosed a prospectus to be listed on the Growth Enterprise Market. According to the prospectus, AVONFLOW’s revenue in 2019-2021 is about 592 miliona yuan, 557 miliona yuan, 800 miliona yuan, and the net profit is 37.81 miliona yuan, 12.92 miliona yuan, 70.07 miliona yuan.

Item December 31, 2021 /FY 2021 December 31, 2020 / FY2020 December 31, 2019 /FY2019
Gearing Ratio (Parent Company) 55.70% 47.30% 46.24%
Operating Income (miliona yuan) 80,006.28 55,652.00 59,164.69
Net Profit (miliona yuan) 7,007.60 1,292.72 3,781.71
Net Profit Attributable To Owners Of The Parent Company Profit (miliona yuan) 7,007.60 1,292.72 3,781.71
Net Profit Attributable To Owners Of The Parent Company After Deducting Non-Recurring Gains And Losses (Miliona) Yuan) 7,032.04 1,478.57 3,633.07
Basic Earnings Per Share (Yuan) 1.08 0.20 0.58
Diluted Earnings Per Share (Yuan) 1.08 0.20 0.58
Weighted Average Return On Net Assets 21.82% 4.62% 14.88%
Net Cash Flow From Operating Activities Amount (Yuan) &000.19 7,519.20 2,743.63
Cash Dividends (Yuan)
Ratio Of R&D Investment To Operating Revenue 3.17% 3.36% 2.75%

The prospectus introduces that AVONFLOW mainly focuses on export sales, and the revenue from export sales accounts for about 90% of the company’s operating revenue. Faatasi ai ma i latou, the revenue share of AVONFLOW’s bathroom towel rack rose from 57.7% i totonu 2019 ia 60.41% i totonu 2021, at $471 miliona.

Unit: miliona yuan

Oloa FY 2021 FY 2020 FY 2019
Amount Proportion Amount Proportion Amount Proportion
Bathroom Towel Rack 47,147.26 60.41% 31,897.14 57.51% 34,021.12 57.70%
HVAC Spare Parts 26,435.67 33.87% 19,754.74 35.62% 20,726.12 35.15%
Other Heating And Ventilation Products 4,467.99 5.72% 3,809.99 6.87% 4,212.83 7.15%
Total 78,050.92 100.00% 55,461.87 100.00% 5&960.07 100.00%

I totonu 2021, AVONFLOW’s revenue of sprayed towel rack is 316 million yuan and revenue of plated towel rack is 156 miliona yuan, accounting for 40.46% ma 19.94% taitasi.

Unit: miliona yuan

Oloa

 

FY 2021 FY 2020 FY 2019
Amount Proportion Amount Proportion Amount Proportion
Bathroom Towel Racks 47,147.26 60.41% 31,897.14 57.51% 34,021.12 57.70%
Among Them: Spraying Towel Rack 31,580.41 40.46% 20,233.53 36.48% 21,053.53 35.71%
Electroplated Towel Rack 15,566.85 19.94% 11,663.60 21.03% 12,967.59 21.99%

I totonu 2021, the production capacity of AVONFLOW bathroom towel rack is 1.8 million sets, the output is 1,780,200 sets, the sales is 1,665,300 sets, and the production and sales rate is 93.55%.

Unit: 10,000 sets / 10,000 units

Product Category Project FY 2021 FY 2020 FY 2019
Bathroom Towel Rack

Product Category

production capacity 180.00 130.00 130.00
Capacity 178.02 118.96 123.50
Capacity utilization 98.90% 91.50% 95.00%
Bathroom Towel Rack production capacity 800.00 700.00 660.00
Capacity 646.72 513.44 619.27
Capacity utilization rate 80.84% 7335% 93.83%

Note: The capacity of HVAC spare parts mainly includes temperature control valves, heating valves and magnetic filters, and does not include other accessory products.

AVONFLOW intends to raise RMB 664 million for the technical improvement and upgrading project of the automatic production line of towel rack with an annual production capacity of 1.3 million sets, the construction project of the automatic production line of towel rack with an annual production capacity of 1 million sets and the supplementary working capital.

Unit: miliona yuan

Leai. Project Name Total Investment Amount To Be Invested With Proceeds Project Filing Code Environmental Assessment Document Number
1 Annual Output Of 1.3 Million Sets Of Towel Rack Automatic 26,142.02 26,142.02 2101-361199-07-02-600216 Rao Jing Environmental Assessment No. [2021] 94
2 Production Line Technical Reform And Upgrade Project 35,325.98 35,325.98 2103-361199-07-02-590070

 

Rao Jing Environmental Assessment No. [2022] 21
3 Annual Output Of 1,000,000 Sets Of Towel Rack Automatic 5,000.00 5,000.00

 

   
Total 66,468.00 66,468.00    

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