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[Dynamic News] Paradise Silicon Valley Investment Enterprise Aopu Homes First Meeting

Date: 2019-11-07
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At the 168th working meeting of the 18th Audit Committee in 2019 held on November 7, the company's investment in the Silicon Valley Investment Company, Aopu Home Co., Ltd., was successfully approved and will be launched on the main board.

Hangzhou Aopuwei Kitchen Technology Co., Ltd. (predecessor of Aopu Home Furnishing Co., Ltd.) was founded in 1993 in Hangzhou, Zhejiang Province. It is mainly engaged in the research and development, production, sales and related services of household products such as Yuba and integrated ceilings. Development, Aopu's products have covered a variety of household items such as Yuba, integrated ceiling, lighting, fresh air system, integrated wall, integrated stove, washing machine and ventilation fan. It has four production bases in Hangzhou, Jiaxing, Chengdu and Zhongshan.


 [Dynamic News] Paradise Silicon Valley Investment Enterprise Aopu Homes First Meeting 

Aopu's complete offline sales and service system has covered the whole country, and it also firmly holds the leading position in the industry in online platforms such as Tmall and Jingdong. In the face of diversified consumer demand, Aopu Home is constantly innovating, focusing on the comfort and upgrading of the living space of the Chinese people, moving towards the intelligent integrated home, demonstrating the intellectual strength of the Chinese home brand. In recent years, under the dual pressure of increased market competition and real estate regulation, Aopu's performance has maintained a high-quality growth trend. In 2015-2017 and the first half of 2018, Aopu Home achieved operating income of 945 million yuan, 1.25 billion yuan, 1.584 billion yuan and 889 million yuan respectively; net profit was 245 million yuan, 268 million yuan, 274 million yuan and 1.78 billion yuan.

 Paradise Silicon Valley invested in Aopu Home Co., Ltd. in June 2017 with the first dollar fund Apollo Fund, forming an important strategic partnership with it. Since 2019, following the listing of Weimeng Group and Binjiang Services in Hong Kong stocks, Rongbai Technology and Hongsoft Technology have been listed on the Science and Technology Board. After the Honghong Technology has been in the board of science and technology, Aopu Home is expected to become the first harvest of Paradise Silicon Valley this year. Six listed companies. In the future, Paradise Silicon Valley will continue to practice its professional ability, actively help the real economy, create value, change value, enhance value, be a responsible minority shareholder and active strategic shareholder, follow, support and achieve outstanding entrepreneurs. In the middle, sharing value increments, and constantly empowering high-quality entities.


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