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OPPEIN 2020 Brief Financial Report

25 April 2021

In 2020, the home furnishing industry is facing unprecedented difficulties. However, with great collaboration and cooperation capabilities, OPPEIN has achieved good financial results.

1. OPPEINs sales turnover reaches 2,268 million USD with a six-year growth rate of 21.32%.

2. OPPEINs net profit reaches 317 million USD with a six-year growth rate of 33.39%.

3. OPPEINs EPS reaches 0.53 USD with Year-on-year growth rate of 10.86%.

OPPEIN is specialized in customized kitchen cabinets, wardrobes, bathroom vanities and interior doors with more than 687 acres factories. Let’s take a look at the performance of each category.

Kitchen cabinets and wardrobes are the largest parts of total sales turnover. Among them, the sales turnover of wardrobes increased by 11.71% year-on-year. In addition, the growth of bathroom cabinets, wooden doors and other categories are also great.

More importantly, the market share of each category is also increasing. OPPEIN has sold 713 thousand sets of kitchen cabinets, 1,878 thousand sets of wardrobes, 451 thousand sets of bathroom vanities and 638 thousand sets of interior doors in 2020.

Last but not least, OPPEIN sales channels are also expanding, and the quantity of stores and franchises continues to rise, forming a huge sales network and contributing to performance.

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