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Joyou AG
Joyou logo
Company typePublic
IndustrySanitary Fittings
HeadquartersNan’an, Quanzhou (Fujian Province), China, Hamburg, Germany
Area servedChina, worldwide
Key peopleJainshe Cai (CEO)
Revenue€329.6 million (2012)
Operating income€50.8 million (2012)
Number of employees3,175 (Q1, 2013)
ParentGrohe
Websitewww.joyou.com
www.joyou.co.uk

Joyou is a publicly listed company listed on the Frankfurt Stock Exchange trading under the ticker JY8. It designs, manufactures and sells kitchen and bathroom faucets, shower systems, and other home sanitary fittings, primarily in China for the Chinese market. It also supplies sanitary fittings to wholesalers and retailers worldwide.

Joyou is headquartered in Nan’an, Quanzhou in the Chinese province of Fujian and is owned by the holding company Joyou AG, a German stock corporation located in Hamburg. It also sells products from the German sanitary fittings manufacturer Grohe under license in China. As of early 2013, Joyou operated 4,097 branded stores in China, and an online store in the UK.

History

The Fuxin Water-Warmth Appliances & Material Factory, in Nan'an, Fujian, was founded in 1988, selling to Chinese wholesalers. The company introduced the brand name Joyou in 1995, and in the early 2000s established a domestic distribution network for its products.

In 2007, by then known as Joyou, the company participated in the development of industry wide standards for plumbing fixtures in China. In 2008 it was one of the sponsors of the Beijing Olympics.

In 2010, Joyou made an IPO on the Frankfurt Stock Exchange and raised €105 million in capital.

In early 2011, Grohe AG, which at that time held about 30% of the Joyou shares, launched a successful public takeover bid for Joyou AG. In 2013, 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 more than 70%.

Products

Joyou produces manually operated wash-basin taps and shower mixers, as well as automatic basin faucets and flush valves for urinals and toilets. It also produces basins, urinals, toilets, bathtubs, as well as some bathroom cabinets and accessories. Its kitchen products include sinks and faucets. Joyou is considered a mid-market brand.

References

  1. "Joyou AG". Börse Frankfurt. Retrieved 6 October 2014.
  2. "Chinese Joyou plans IPO in Frankfurt H1 2010.". ADP News Germany, via Highbeam (subscription required)
  3. "PROFILE: Joyou". KBB Review.
  4. ^ "Joyou AG (JY8G.DE) Company Profile - Reuters.com". Retrieved 6 October 2014.
  5. "Hopes high for Li's visit to Germany". China Daily.
  6. Brant, Chris. "Grohe considers IPO or trade sale". Industrial Goods.
  7. Wayne Zheng (5 May 2014). JC/T 1043-2007: Translated English PDF of Chinese Standard JC/T1043-2007: Limit of lead extraction in faucets (JCT1043-2007; JCT 1043-2007). www.ChineseStandard.net. pp. 3–. GGKEY:HG5Q15AX5T1.
  8. F_322. "Firms look to German IPOs". Retrieved 6 October 2014.{{cite web}}: CS1 maint: numeric names: authors list (link)
  9. K. Thomas Liaw (4 October 2011). The Business of Investment Banking: A Comprehensive Overview. John Wiley & Sons. pp. 349–. ISBN 978-1-118-12765-0.
  10. Charles Martin (2010). Private Equity. Sweet & Maxwell. pp. 179–. ISBN 978-0-9565440-6-3.
  11. "Joyou Raises 105 Million Euros in IPO; Shares Priced at 13 Euros". Retrieved 6 October 2014.
  12. "Grohe to snap up China rival". Financial Times. Retrieved 6 October 2014.
  13. "JOYOU AG (JY8:Xetra): Transactions - Businessweek". Businessweek.com. Retrieved 6 October 2014.
  14. "Japan's Lixil Considers Buying Germany's Grohe". Wall Street Journal
  15. Official Gazette of the United States Patent and Trademark Office: Trademarks. U.S. Department of Commerce, Patent and Trademark Office. 2006.
  16. http://www.kbbreview.com/Home/analysis-ish-bathroom-round-up.htm

External links

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