Source: Times Yongshang
On March 19th, Junhe (603617.SH) Lhasa Hardware & Electrical Storage Center officially opened its doors to welcome guests, which means that the company's domestic market map has reached a new level.
Since 2024, Junhe shares have successively reached the Yangtze River Delta, Pearl River Delta, the three northeastern provinces, the Central Plains, Southwest China and other regions, and opened seven one-stop procurement platforms.
Now, this household water pump faucet will set the first store in China in 2025 in Lhasa, the "Sunlight City". What is its intention?
A water pump reaches Tibetan areas and links South Asia.
Founded in 1999, the predecessor of Junhe Co., Ltd. was Ningbo Junhe Tool Manufacturing Co., Ltd., and its products are widely used in household water supply, drainage, garden irrigation, household cleaning and beautification. Previously, the company's overseas revenue accounted for 98% of the total revenue.
This year, the Ministry of Commerce stepped up efforts to promote the integration of domestic and foreign trade and help foreign trade enterprises expand domestic sales channels. This water pump manufacturer, which deals with water, started its strategic layout of the domestic market in 2020. Last year, the company's seven domestic procurement platforms emerged, with annual sales expected to exceed 15 million yuan.
The opening site of Junhe Lhasa Hardware & Electrical Storage Center. Photo courtesy of respondents
It is understood that the total construction area of Lhasa Hardware & Electrical Storage Center is about 2,000 square meters, which integrates the storage management of the Internet of Things and the digital supply chain platform. It fills the service gap of Junhe shares in Qinghai-Tibet region.
Product booth in Junhe Hardware & Electrical Storage Center in Lhasa. Photo courtesy of respondents
The hardware & electrical machinery distribution base built in Tibetan areas this time will not only cover the company's full range of products, but also open up the "last mile" of plateau logistics, realizing 7*24 hours intelligent ordering and 48 hours global distribution.
It is understood that Junhe shares will rely on the Qinghai-Tibet storage center to radiate cross-border markets such as Nepal and realize the two-way linkage of "domestic production capacity+South Asia demand".
The first-line "big sale" goes to the behind-the-scenes chain owner
At present, the main products of Junhe Co., Ltd. include submersible pump, garden pump, fountain pump and deep well pump with more than 800 specifications and models in four series. Among them, the company ranks first in the national submersible pump segment.
The 2024 performance forecast shows that Junhe shares are expected to achieve a net profit of 76 million yuan to 82 million yuan, an increase of 107.54% year-on-year to 1.2393%.
Junhe joint-stock enterprise exhibition hall Photo courtesy of respondents
In 2021, Junhe shares have entered a new era of 5G smart manufacturing. Last year, Junhe Co., Ltd. launched a series of star products for domestic customers, such as lightweight design of lithium-ion DC rain pump, large-flow garden jet pump, and adjustable suction lithium-ion pool cleaner. In 2024, the above products sold hundreds of thousands of units.
It is understood that this year, based on the combination of diversification and product strength, Junhe shares focused on the quality-price ratio and launched new products that can be applied to intelligent pressurization, sewage treatment, high-rise water supply, engineering precipitation and other scenarios. Junhe Co., Ltd. regards Digital Intelligence Factory as an important guarantee for production.
Junhe stock production line. Photo courtesy of respondents
In October last year, Junhe shares ushered in the opening of the new park. According to reports, Junhe Industrial Park covers an area of 74,100 square meters. On the basis of intelligent management comparable to the company headquarters, it integrates eight services, including technological innovation, achievement transformation and financial investment, actively introduces upstream and downstream chain enterprises, and expands industrial agglomeration effect.
Enterprises attach great importance to the integration opportunities of the upper and lower industrial chains in the domestic pump industry, and will continue to pay attention to the opportunities related to strategic emerging industries in the future, and actively create the second growth curve.