Home events

According to the data, among the 83 enterprises, only 15 enterprises such as Liang Zhitian Design Group, Haier Zhijia, Beixin Building Materials, Rabbit Baby, Fuanna, Bull Group, Shuixing Home Textile, Weixing New Materials, Wanhe Electric, Laishi International, Huadi shares, Xi Linmen, Boss Electrical Appliances, Fu Senmei, Sophia, etc. achieved market value growth, and the remaining 68 enterprises saw their market value decline.

Among them, the market value of Liang Zhitian Design Group increased the most, increasing 40.95% to 157 million yuan. As of July 3, 2024, Haier Zhijia's market value was the largest, 252.564 billion yuan; Companies with a market value of 10 billion yuan are: Opai Home, Oriental Yuhong, Weixing New Materials, Three trees, Boss Electrical Appliances, Minhua Holdings and other 15.

In the first half of 2024, only 11 of the 70 listed home furnishing companies increased in market value, and 59 companies declined in market value, accounting for 84%. By the end of 2023, 28 of the 70 listed home furnishing companies had an increase in market value, and 60% of the companies had a decline in market value. The company with the highest market value increase is Beixin Building Materials, up 26.97%; Followed by Haier Zhijia, up 19.21 percent; In third place is Bunny, up 16.95%. At the end of 2023, the market value of home furnishing enterprises rose by up to 186.9%.

Among the companies with falling market value, ST Midrange fell the most, by 77.62%; A total of six companies fell more than 70%.

It is noteworthy that during the period from May 31, 2024 to June 28, 2024, the daily closing price of *ST Hongtao (002325.SZ) stock through the Shenzhen Stock Exchange trading system was below 1 yuan for 20 consecutive trading days, and the Shenzhen Stock Exchange decided to terminate the listing of *ST Hongtao (002325.SZ) stock.


Three mandatory national standards, including the limits of harmful substances in Furniture, were officially released

On June 25, the National Standardization Administration issued the Announcement of the National Standards of the People's Republic of China (No. 12 in 2024), which issued three mandatory national standards for furniture.

GB 18584-2024 "Limits of Hazardous Substances in Furniture" specifies the limits of hazardous substances in furniture such as formaldehyde, benzene, toluene, xylene and TVOC, transportable hazardous elements, phthalates, polycyclic aromatic hydrocarbons, decomposable aromatic amine dyes, radionuclides, dimethyl fumarate, polybrominated biphenyls and polybrominated diphenyl ethers and the determination of test results. Applicable to all types of furniture products, will be officially implemented on July 1, 2025.

GB 28007-2024 "Infant and Children's Furniture Safety Technical Code" provides for 0-14 years old infants and children to use furniture general safety requirements and specific product safety requirements, applicable to infant furniture and children's furniture design, manufacturing, sales services and quality safety inspection and assessment, will be formally implemented on January 1, 2026.

GB 28008-2024 "Furniture Structure Safety Technical Specification" specifies the general safety requirements of furniture structure and specific product structure safety requirements, applicable to furniture other than infants and children's furniture, will be formally implemented on July 1, 2025.

Furniture mandatory standards are related to personal health and life and property safety, and are the bottom line requirements for the development and operation of the furniture industry. In the process of standard development, the National Furniture Standardization Technical Committee has always adhered to the attitude of being highly responsible for the people's health and safety and the sustainable development of the industry, organized and integrated the talented forces in the industry, and conscientiously and rigorously drafted the standard text and preparation instructions in strict accordance with the requirements of the "Mandatory National Standards Management Measures". The completion of this work has solved the problems such as cross scope of application, lack of safety indicators, and lagging test methods that have plagued the furniture industry for many years, and laid a solid foundation for the construction of a new mandatory national standard system of furniture with reasonable structure, moderate scale and scientific content, and the realization of "one market, one bottom line, one standard" in the furniture industry.