As displayed in 2018 performance preview released by Oppein, the operating revenue of the company last year was between RMB11.167 billion and RMB12.138 billion, which makes Oppein became the first enterprise with the sales revenue of more than 10 billion in the Chinese furniture industry.

However, the enterprise with the annual sales volume of RMB10 billion could not even enter the list of China's top 500 enterprises. In 2018, the 500^th enterprise on the list of China's top 500 enterprises realized the annual sales volume of RMB30.689 billion. The famous home appliance enterprise in China - Gree's annual operating revenue in 2017 reached RMB150 billion; the best-known company of China - Huawei's sales volume in 2018 reached more than USD100 billion, which was equivalent to around RMB700 billion.

Through the comparison, we may see that there is a huge gap between the leading enterprise in the furniture industry and that in other industries.

Most of the sales volume of Oppein, which was more than RMB10 billion, came from the big home supplies field.

According to its financial report in the first half year of 2018, the sales volume of cabinets and closets took up 86.29%; that of wooden doors and bathroom accessories occupied around 7%. Therefore, Oppein is a company focusing on the sales of home supplies on the whole.

In 2019, Oppein will integrate the supply chain of home decoration through its brand influence and customization ability of the whole house, cooperate with the top decoration companies and develop agents to provide the real one-stop decoration service for clients.

About Oppein

Established in 1994, it focuses on integrated cabinet. The industries of Oppein include whole house customization, cabinet, closet, bathroom accessory, wooden door, wall decoration and wallpaper, kitchen appliance and bedding. It is a comprehensive supplier of integrated services of modern overall home supplies in China.

（Source: JJgle.com）