OPPEIN 2022 Financial Statements Review

The 2022 financial statements and conclusion for Oppein Home Group Inc. were released in April 2023.

It was a year of challenges and a struggling phase for Oppein Home. During the post-Covid period, the furniture market faced more uncertainty. Every related industry had a difficult time adjusting to the changes in the international situation and consumer demand. Oppein Home, a well-known furnishing brand in Asia and the best furnishing brand in China has achieved excellent success with its supporters worldwide.

After six years of continuous growth, Oppein Home achieved a higher level of revenue growth in 2022 with a 9.91% YoY growth rate. With the support of consumers and shareholders, Oppein Home Group is sure to become a better company, offering quality products and services to every corner of the globe.

Oppein Home values its partners at all times. In 2022, revenue from the franchisees grew by 12.13 percent year-over-year.

In the past year, Oppein implemented formaldehyde-purifying innovations, whole-house customization upgrades, and integrated sales channels to grow its wardrobe and fitted furniture business. And the performance was excellent.

Oppein Home continued to enhance its leading position in the furnishing market in 2022 by developing worldwide brand recognition, sales channel update, a flexible manufacturing system, showroom & store management, as well as product research and development.

The company's vision is to make OPPEIN a world-famous brand and a synonym for a dream home provider. OPPEIN will continue to focus on product innovation and develop comprehensive whole-house customization solutions for consumers in the future. Also, Oppein Home is committed to and values its global partners. Partners are the backbone of the Oppein business, and there will continue to be more and more members joining the Oppein family to achieve even greater success. The company strives to make the world a better place and provide dream homes for every family. With millions of supporters, Oppein Home Group will never stop on the journey and reach greater heights in 2023.