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#REDIRECT ] |
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{{AFC submission|d|v|declinets=20130807152422|decliner=APerson|ts=20130801145116|u=Pfandtasse|ns=5|small=yes}}{{AFC submission|d|adv|declinets=20130707001555|decliner=Techatology|ts=20130703152139|u=Pfandtasse|ns=5|small=yes}}{{AFC submission|d|corp|declinets=20130701065454|decliner=Bonkers The Clown|ts=20130618114155|u=Pfandtasse|ns=5}} |
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{{afc comment|1=Feel free to re-submit this article once more sources are added that reference the ] of the subject. ] (]) 15:24, 7 August 2013 (UTC)}} |
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{{afc comment|1=I like this, but perhaps you could better source the article. Seeing some unreferenced lines. Cheers. ☯ ] '''\(^_^)/''' ''']''' ☯ 06:54, 1 July 2013 (UTC)}} |
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{{R to related topic}} |
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{{R with history}} |
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{{Infobox company |
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| name = Joyou AG |
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| logo = ] |
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| caption = |
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| type = ] |
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| fate = |
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| predecessor = |
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| foundation = <!-- {{Start date|1978|08|08}} --> |
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| founder = |
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| defunct = <!-- {{End date|YYYY|MM|DD}} --> |
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| location_city = ] |
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| location_country = ] |
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| location = ], ] (]), China |
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| locations = |
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| area_served = ], worldwide |
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| key_people = Jainshe Cai <small>(])</small> |
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| industry = Sanitary Fittings |
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| products = |
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| revenue = €329.6 million (2012) |
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| operating_income = €50.8 million (2012) |
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| num_employees = 3,175 (Q1, 2013) |
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| homepage = {{URL|www.joyou.com}} |
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| intl = yes |
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'''Joyou''' is a manufacturer of kitchen and bathroom ], ] systems, and other home sanitary fittings. The Joyou Group designs, manufactures, and sells products under its own-brand name primarily in ] for the Chinese market; it also supplies to other sanitary fittings companies and wholesalers worldwide.<ref name="reuters">http://www.reuters.com/finance/stocks/companyProfile?symbol=JY8G.DE</ref>The Joyou Group operates from ], ] in the Chinese province of ] and is owned by the holding company Joyou AG, a German stock corporation located in ].<ref name="reuters" /> It also sells products from the German sanitary fittings manufacturer ], which currently controls a 72% stake in Joyou AG,<ref>http://www.grohe-group.com/en/press/press-releases/p/25_8630.html?item=1155&id_cat=77</ref> under license in China. In early 2013, sales in China (including Grohe products) accounted for 87% of Joyou’s sales revenue; its international sales were increasing sharply.<ref>http://www.kbbreview.com/Home/profile-joyou.htm</ref> |
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In 2011, Joyou held a market share of 14.4% in the Chinese taps and mixers segment.<ref>http://joyou.de/fileadmin/PDF/E_Joyou_AR12_Final_4.pdf</ref> As of early 2013, it operated 4,097 branded stores in China.<ref name="report-q12013">http://www.joyou.com/upload/publication/201305/20130515010670247024.pdf</ref> |
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== History == |
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The first predecessor to today’s Joyou was the Fujian Nan’an Fuxin Water-Warmth Appliances & Material Factory, founded in 1988. The brand name Joyou was introduced in 1995 and in the early 2000s, the company shifted focus from producing for Chinese wholesalers to manufacturing selling own-brand products and establishing a domestic distribution network. |
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In the second half of the 2000s, Joyou grew rapidly, booking sales growth of more than 200% in 2008 and being one of the sponsors of the year’s ]. In 2010, Joyou became the first Chinese producer of sanitary ware to make an IPO on the ]<ref>http://english.people.com.cn/90001/90778/90859/7155101.html</ref>, taking in €105 million.<ref>http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aiMIrYzYfqFo</ref> |
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In early 2011, Grohe AG – which already held 32.58% of the Joyou shares, launched a successful public takeover bid for Joyou AG.<ref>http://www.ft.com/intl/cms/s/0/4675726c-3869-11e0-959c-00144feabdc0.html</ref> In 2013, another change in the ownership structure brought Grohe and Joyou closer together as Joyou’s major shareholders exchanged their holdings in Joyou for a stake in the Grohe Group: this brought Grohe’s total shareholdings in Joyou AG to 72.3%.<ref>http://investing.businessweek.com/research/stocks/transactions/transactions.asp?ticker=JY8:GR</ref> |
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== Products == |
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Joyou’s primary emphasis is on faucets. For bathroom use, it produces a range of manually operated wash-basin taps and shower mixers, as well as automatic basin faucets and flush valves for urinals and toilets. It also produces own-brand basins, urinals, toilets, and other ceramic bathroom fittings such as bathtubs, as well as a limited selection of bathroom cabinets and accessories such as hooks. Its kitchen products include both sink faucets and sink units with faucets attached. Joyou, which is currently considered a mid-market brand, is adding premium products to its range, including a kitchen faucet which offers cold, hot, and boiling water, and a new designer set of fittings.<ref>http://www.kbbreview.com/Home/analysis-ish-bathroom-round-up.htm</ref> |
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== References == |
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{{reflist}} |
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== External links == |
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] |
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{{AFC submission|||ts=20131004091929|u=Joyou888|ns=5}} |
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