Tagged: PAP

Nature Home Achieves Turnaround in 1H2014

Revenue and Gross Profit Up by 37% and 50% to Approximately RMB776 Million and RMB253 Million Respectively

Further strengthened the integrated household product strategy by introducing an O2O platform to seize online and offline shopping opportunities

HONG KONG, Aug. 29, 2014 /PRNewswire/ —

Financial Highlights:

Unaudited results for the 6 months ended 30 June

2014

RMB’000

2013

RMB’000

Change

%

Revenue

776,398

566,977

+36.9

Gross Profit

252,658

168,888

+49.6

Profit Before Tax

26,679

(47,370)

N/A

Profit Attributable to Equity Shareholders

19,715

(55,248)

N/A

Profit Attributable to Equity Shareholders (excluding the net change in fair value of biological assets)

25,694

18,111

+41.9

Basic Earnings per Share (RMB)

0.013

(0.037)

N/A

Nature Home Holding Company Limited (“Nature Home” or the “Company“, together with its subsidiaries, the “Group“; HKEx Stock Code: 2083), announced today its interim results for the six months ended 30 June 2014 (the “Period“).

During the Period, the Group achieved encouraging financial results with revenue increased by 36.9% to approximately RMB776 million. Gross profit surged 49.6% to approximately RMB252 million. Profit attributable to equity shareholders reached approximately RMB20 million, representing a turnaround in the Period as compared to the loss attributable to equity shareholders recorded in the corresponding period of 2013. The turnaround is mainly attributable to the reduction of the negative net change in fair value of the Group’s biological assets, as well as the increase in the Group’s revenue and gross profit. During the Period, approximately 10.09 million square meters of flooring products were sold (1H2013: approximately 8.45 million square meters), representing an increase of 19.4% year-on-year.

Mr. Se Hok Pan, Chairman and Executive Director of Nature Home stated, “In the first six months of 2014, we continued to strengthen our efforts on brand building and sales, to further broaden the coverage in international markets under the intensified industry competition, this is reflected in the significant increase in the trading revenue of timber and wood products. The turnaround recorded during the Period reflected the success of our business development strategies, brand building and sales efforts. With the change of our Company name to Nature Home Holding Company Limited, we aim at achieving our goal in offering integrated household products with our Nature brand, representing an image of high quality, safe and environmentally-friendly household brand.”

Manufacturing and Sale of Wood Products

During the Period, turnover of the Group’s manufacturing and sale of wooden products has increased 39.2% to approximately RMB527 million, mainly attributable to the continued recovery of the Group’s flooring business in the PRC and the overall increased sales in flooring products.

The Group has successfully developed a solid and extensive sales network in the PRC. It has 1,856 “Nature” stores, 1,121 “Nature No.1 My Space” stores, 152 “Nature Aesthetics” stores, 99 foreign imported brand stores and 116 other brand stores as at 30 June 2014, amounting to 3,344 stores in total.

Nature Home will continue to focus on the development in the business of wooden doors, wardrobes and cabinets with the “Nature” brand, striving to improve such business in the future with the completion and operation of the new product line in the newly opened Taizhou Production Plant in Jiangsu Province, the PRC and the planned trial production of the Zhongshan Wardrobes and Cabinets Plant in the second half of 2014.

Trading of Timber and Wood Products

For the overseas market, the recovery of the global economy, especially the economy of the U.S., has created a favorable environment for the development of the Group’s business and brought to the group significant growth in the trading business revenue of timber and wood products. The Group’s subsidiaries located in the U.S. have further boosted the Group’s business development by establishing additional sales channels, which resulted in a sustained growth in the Group’s sales for the trading of wood flooring products in the U.S. During the Period, the Group’s trading business of timber and wood products contributed a revenue of approximately RMB165 million, representing a significant increase of 61.8% as compared to approximately RMB102 million in the corresponding period of 2013.

Chairman Se concluded, “Looking forward, the Group is still facing various challenges. However, the Group has captured the opportunities from the trend of online and offline shopping. We plan to establish an online housing O2O platform for the household industry to provide our customers with a one-stop solution with household products, logistics and decoration as well as installation service. The Group also plans to open ‘O2O Household Package Experience Stores’, which will display different packages of household products, offering customers an open experience for household products. We will also continue to implement our strategy of integrated household products and enhancing our household brand with a combination of online and offline platforms, in order to maximize the effectiveness in sales of the household brand. We will also strive for better performance in the future for the relevant business, especially with the new production line of wooden doors in the Taizhou Plant and a new production line of wardrobes and cabinets in the Zhongshan Plant. As one of the largest wood flooring brands in China, we have full confidence in our business and we will continue to reinforce our leading position in the industry to maximize returns to our shareholders.”

About Nature Home Holding Company Limited

Nature Home is the largest wood flooring brand in China in terms of market share by retail sales value of branded wood flooring products. According to an industry report of China’s flooring market conducted by an independent global market research and consulting company (the “Industry Report”), the Group’s “Nature” branded products accounted for 7.0% market share in terms of China’s total retail sales value of branded wood flooring products in 2011. The Group’s branded products are manufactured through a combination of its own manufacturing facilities and exclusive authorized manufacturers.

According to Industry Report, in 2011, the Group’s branded products ranked second in laminated flooring, first in multi-layered engineered flooring and first in solid wood flooring, each in terms of both the market share of retail sales volume and retail sales value in China. The Group is the only company to achieve a top two market share position across the three primary wood flooring product categories in China in 2011. Leveraging its strong brand, extensive distribution network, comprehensive product portfolio and flexible manufacturing model, the Group grew rapidly and gained market share in China from 2008 to 2011.

To see the full version of this release, including financial tables, click here: http://photos.prnasia.com/prnk/20140829/8521404880-a

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Asia Plantation Capital announces commercial collaboration in India

SINGAPORE, July 21, 2014 /PRNewswire/ — Singapore-based Asia Plantation Capital is proud to announce Phase 1 of a commercial collaboration in India with the country’s largest, public sector, agarwood plantation group – a community based project, extending across the whole of Southern India.

Vanadurgi Agarwood India was established around 10 years ago as a cooperative-shareholder business model – providing local farmers and landowners with planting stocks, and support to cultivate agarwood and other cash crops. The company has grown, and has now established over 5,000 grower plantations across South India; accounting for about 99% of agarwood trees currently in South India. In the prime plantation zone at Sringeri, in Karnataka, the company has established an old-model plantation system, an agriculture research station, an artificial-inoculum multiplying unit, warehousing and a packing and forwarding centre. In addition, a standard, resinous wood extraction facility with a large scale, primary processing unit is being planned here. Also, fully-fledged, primary processing units are planned at: Madikeri, Sakaleshpur, Shimoga, Sirsi, Puttur and Kollur (in Karnataka) with collection centres at Coimbatore (in Tamil Nadu) and at Kalpetta (in Kerala).

After visits by Dharmendra Kumar – the founder of Vanadurgi – to Thailand, and to other countries in South East Asia, to study and establish relationships with other commercial agarwood plantations, Asia Plantation Capital is proud that the group have chosen Asia Plantation Capital to work with them on developing inoculation solutions and the end-processing of agarwood into all the various (and increasing) products it can offer.

During early July, a team from Asia Plantation Capital’s Specialist Inoculation and Research Department carried out field trials in India to assess the best inoculation systems – based on our experience in perfecting a system in Thailand and Malaysia which has a 100% success rate in stimulating the production of agarwood resin, and which is 100% organic; comparable to oud oils produced in nature. Jack Sirichai, who headed the team from Asia Plantation Capital’s Thailand office (based in Bangkok) said, “It was an amazing experience to meet Dharmendra and his group of farmers when we arrived. Over 500 of them had travelled, for many hours, to meet and greet us with an official reception, held in our honour. We were overwhelmed to find so many people who share our passion for developing the agarwood industry and for employing the best husbandry and socially responsible management practices to advance this massive plantation industry in a sustainable manner. Providing and nurturing community support is a cornerstone of our own policies at Asia Plantation Capital; to share this with such a passionate group is key to our continued growth and success.”

The Asia Plantation Capital team will now be working closely with Vanadurgi to monitor and assess our inoculation processes. All countries (and even regions) have differing climatic and biodiversity conditions – all of which have a major effect on the performance of these systems – and it is important that we tailor and research our methods to provide the maximum yield and quality of the end oud that is produced in all the regions.

Phase 2 of the collaboration will see Asia Plantation Capital and Vanadurgi working on end-processing solutions, distillation, and developing consumer products which we can jointly market – creating the world’s largest, combined producer and supplier of agarwood – with the ability to offer long term, sustainable supplies of consistent quality to the global market place.

Asia Plantation Capital chooses, very carefully, whom it works with and with whom it shares its technologies. The benefits for the largest agarwood plantation group in India – gained by jointly working with Asia Plantation Capital – are the potential to create the largest, single supplier and grower in the world and to increase the market share for both companies. This offers both companies the opportunity to benefit from joint research and technologies; helping to further secure the future market and sustainable supplies of agarwood, for both companies and the industry.

About Asia Plantation Capital

Asia Plantation Capital is an owner and operator of a diverse range of commercial plantation and farming businesses across the Asia-Pacific region – and globally, part of the Asia Plantation Capital Group of associated companies. Their focus is on multicultural and diverse plantation projects, geared to the domestic and commercial demands of the countries in which they operate. Working closely with, and supporting local communities is an underlying core principle of the APC business – providing social and cultural support (as well as investment) to move these communities away from deforestation and illegal logging activities which were previously seen as a main source of income in some regions of Asia. Established officially in 2008, although operating privately since 2002, the group now has plantation and agricultural projects on four continents – with operational projects at various stages in: Thailand, Malaysia, China, Laos, India, Cambodia, Sri Lanka, Mozambique, The Gambia, North America and Europe.

Promoting the use of certified wood is the best way of preventing deforestation, protecting biodiversity and combatting poverty in the Tropical Rainforest regions. For the Yachting Sector, which strives for excellence and which is already involved in environmental efforts, this is also a way of ensuring that no wood from illegal logging is used.

About Vanadurgi Agarwood

The Vanadurgi Agarwood India Limited is a public sector company that is exclusively engaged in the cultivation, production and marketing of agarwood. The company has enormous experience, expertise and establishments in each and every segment of the agarwood industry. The company has established over 5,000 agarwood plantations and is emerging as one of the world’s largest agarwood plantation companies. Our goal is to become a one-stop-shop for agarwood raw materials, with no parallels elsewhere in the world. We plan to meet that goal through a combination of experience and partnerships with leading experts from around the world.

The company has established over 5,000 plantations across South India, accounting to about 99% of trees currently in South India. In the prime plantation zone at Sringeri in Karnataka, the company has established an old model plantation, an agriculture research station, an artificial inoculum multiplying unit, warehousing, and a packing and forwarding centre. Further, a standard resinous wood extraction facility with a large scale primary processing unit is also being planned here. Also, full-fledged primary processing units are planned at Madikeri, Sakaleshpur, Shimoga, Sirsi, Puttur and Kollur in Karnataka, and collection centres at Coimbatore in Tamil Nadu and at Kalpetta in Kerala.