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Revision as of 21:46, 6 October 2014 by Anne Delong (talk | contribs) (add reference)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) | This article, Joyou, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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| This article, Joyou, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, Joyou, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
| This article, Joyou, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
Reviewer tools: Inform author |
Comment: Feel free to re-submit this article once more sources are added that reference the notability of the subject. APerson (talk!) 15:24, 7 August 2013 (UTC)
- Comment: I like this, but perhaps you could better source the article. Seeing some unreferenced lines. Cheers. ☯ Bonkers The Clown \(^_^)/ Nonsensical Babble ☯ 06:54, 1 July 2013 (UTC)
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| Company type | Public |
|---|---|
| Industry | Sanitary Fittings |
| Headquarters | Nan’an, Quanzhou (Fujian Province), China, Hamburg, Germany |
| Area served | China, worldwide |
| Key people | Jainshe Cai (CEO) |
| Revenue | €329.6 million (2012) |
| Operating income | €50.8 million (2012) |
| Number of employees | 3,175 (Q1, 2013) |
| Parent | Grohe |
| Website | www |
Joyou is a stock listed company listed on the Frankfurt Stock Exchange trading under the ticker JY8,; it makes manufacturer of kitchen and bathroom faucets, shower systems, and other home sanitary fittings. It designs, manufactures, and sells products under its own-brand name primarily in China for the Chinese market; it also is a supplier to other sanitary fittings companies and wholesalers worldwide.The Joyou Group operates from 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, which currently controls a 72% stake in Joyou AG, 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. In 2011, Joyou held a market share of 14.4% in the Chinese taps and mixers segment. As of early 2013, it operated 4,097 branded stores in China.
History
The first predecessor to the firm 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. In the second half of the 2000s, the firm grew rapidly, booking sales growth of more than 200% in 2008 and being one of the sponsors of the year’s Beijing Olympics. In 2010, Joyou became the first Chinese producer of sanitary ware to make an IPO on the Frankfurt Stock Exchange, taking in €105 million. In early 2011, Grohe AG – which already held 32.58% of the Joyou shares, launched a successful public takeover bid for Joyou AG. 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%.
Products
The firm'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.
References
- "Joyou AG". Börse Frankfurt. Retrieved 6 October 2014.
- "Chinese Joyou plans IPO in Frankfurt H1 2010.". ADP News Germany, via Highbeam (subscription required)
- ^ "PROFILE: Joyou". KBB Review.
- ^ "Joyou AG (JY8G.DE) Company Profile - Reuters.com". Retrieved 6 October 2014.
- "JOYOU - Company History - About Joyou". Retrieved 6 October 2014.
- F_322. "Firms look to German IPOs". Retrieved 6 October 2014.
{{cite web}}: CS1 maint: numeric names: authors list (link) - 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.
- "Joyou Raises 105 Million Euros in IPO; Shares Priced at 13 Euros". Retrieved 6 October 2014.
- "Grohe to snap up China rival". Financial Times. Retrieved 6 October 2014.
- "JOYOU AG (JY8:Xetra): Transactions - Businessweek". Businessweek.com. Retrieved 6 October 2014.
- http://www.kbbreview.com/Home/analysis-ish-bathroom-round-up.htm
External links
Category:Bathroom fixture companiesCategories: