Huisen Household Announces 2021 Interim Results
HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - China's major furniture product manufacturer Huisen Household International Group Ltd. ("Huisen Household" or "the Group"; stock code: 2127.HK) announced unaudited interim results for the period ended 30 June 2021 ("the Reporting Period") today. During the Reporting Period, the Group's revenue recorded a year-on-year increase of approximately 47.3% to approximately RMB2.4 billion. Gross profit was approximately RMB630 million, representing an increase of 72.1% as compared with the same period last year. The profit during the period was approximately RMB421 million, representing an increase of 75.9% as compared to the corresponding period of 2020. Earnings per share was RMB0.14. This was mainly due to the fact that the coronavirus disease 2019 ("COVID-19") pandemic in Mainland China was basically came under control during the Reporting Period, and various industries, including the furniture manufacturing industry, was fully recovered.Mr. Zengming, chairman and executive director, said: "The first half of 2021 was a period of accelerated reform for the furniture industry. Despite the unstable development of COVID-19 pandemi...
