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Oupai Home Furnishing’s net profit fell 22.7% in the first half of this year

Beijing News (Reporter Zhang Jie) On August 27, the customized home furnishing company Oupai Home Furnishing released the 2020 semi-annual report showing that the company achieved operating income of 4.966 billion yuan in the first half of the year, a decrease of 9.88% from the same period last year, and it belongs to a listed company The net profit of shareholders was 489 million yuan, a decrease of 22.7% from the same period last year. Opal Home Furnishing said that the decline in revenue was mainly due to the impact of the epidemic and the decrease in distributor channel revenue.

As of the end of the reporting period, the company’s net cash flow from operating activities was 564 million yuan, a year-on-year decrease of 44.44%. R&D expenses were 239 million yuan, a year-on-year decrease of 10.23%. Oupai Home Furnishing said that it was mainly due to the decline in R&D expenditures.

According to the announcement, the quarter-by-quarter improvement trend of Opai Home Furnishing is obvious. In the second quarter, it achieved operating income of 3.536 billion yuan, an increase of 6.91% year-on-year, and realized net profit attributable to shareholders of listed companies of 591 million yuan, an increase of 9.23% year-on-year.

It is worth noting that Oupai Home Furnishing also faces multiple risks. Among them, dealer store sales are the main sales model in the custom home furnishing industry. If individual dealers fail to carry out sales and publicity in accordance with the agreement and infringe on consumer rights, it may have a negative impact on the company’s brand image. According to Oupai Home Furnishing, the company attaches great importance to product quality. The products undergo quality inspection before they leave the factory, but the possibility of quality problems after the product is used cannot be completely ruled out. Once a product quality problem occurs, even if it is not the company’s responsibility, consumers may have rights disputes with the company, which will adversely affect the company’s product sales.

Beijing News reporter Zhang Jie

Editor Qin Shengnan proofreads Liu Yue

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