Jiyi Household was founded in 1997, we are a well-established and integrated building and home improvement materials and furnishings supplier and interior design and engineering services provider in the PRC.
Our business consists of two segments, namely (i) the sale and distribution of merchandise; and (ii) the provision of interior design and engineering services.
We strategically based our business and operated a regional sales outlet network comprising 15 sales outlets in the third-to fourth tier cities across eastern part of Guangdong, Fujian and Jiangxi Provinces. According to the Euromonitor Report, as at 28 February 2015, we were operating the largest and the third largest number of sales outlets for home improvement materials and furnishings in Meizhou and Guangdong Province, respectively.
We have maintained a strong supply sourcing network in the PRC. We have over 200 suppliers for the year ended 31 December 2014. Our suppliers include manufacturers, brand owners as well as trading companies, with business relationship with our major suppliers spanning up to 15 years.We have developed multiple channels which market, sell and distribute merchandise and servicesto our customers. Our principal sales channels include direct sales, tendering and sales outlets.
Over thepast few years, we achieved stable growth in our revenue which increased from approximately RMB250 million in 2012 to approximately RMB330 million in 2014, representing a CAGR of approximately 14.8% from 2012 to 2014. Our net profit also increased from approximately RMB28 million in 2012 to approximately RMB42 million in 2014, representing a CAGR of approximately 21.4%.
Our business consists of two segments, namely (i) the sale and distribution of merchandise; and (ii) the provision of interior design and engineering services.
We strategically based our business and operated a regional sales outlet network comprising 15 sales outlets in the third-to fourth tier cities across eastern part of Guangdong, Fujian and Jiangxi Provinces. According to the Euromonitor Report, as at 28 February 2015, we were operating the largest and the third largest number of sales outlets for home improvement materials and furnishings in Meizhou and Guangdong Province, respectively.
We have maintained a strong supply sourcing network in the PRC. We have over 200 suppliers for the year ended 31 December 2014. Our suppliers include manufacturers, brand owners as well as trading companies, with business relationship with our major suppliers spanning up to 15 years.We have developed multiple channels which market, sell and distribute merchandise and servicesto our customers. Our principal sales channels include direct sales, tendering and sales outlets.
Over thepast few years, we achieved stable growth in our revenue which increased from approximately RMB250 million in 2012 to approximately RMB330 million in 2014, representing a CAGR of approximately 14.8% from 2012 to 2014. Our net profit also increased from approximately RMB28 million in 2012 to approximately RMB42 million in 2014, representing a CAGR of approximately 21.4%.