On the evening of March 17, Guangdong Piano Customized Furniture Co.Ltd(002853) released the announcement on the progress of repurchase. Through the special securities account for repurchase, the company has repurchased 2027300 shares in the form of centralized bidding transaction, accounting for 1.0868% of the company’s current total share capital, and the total amount paid is RMB 29.584 million (excluding transaction expenses). For the purpose of this repurchase, Guangdong Piano Customized Furniture Co.Ltd(002853) said that it is mainly based on the confidence in the company’s future development prospects and high recognition of the company’s value, in order to safeguard the legitimate rights and interests of investors, enhance investor confidence and further improve the company’s long-term incentive mechanism. According to the share repurchase plan announced in Guangdong Piano Customized Furniture Co.Ltd(002853) announcement, the total amount of funds for share repurchase will not be less than 50 million yuan (inclusive) and not more than 100 million yuan (inclusive).
Previously, Guangdong Piano Customized Furniture Co.Ltd(002853) has conducted an equity incentive plan in 2018. After the repurchase, Guangdong Piano Customized Furniture Co.Ltd(002853) will use the repurchased shares to implement the company’s employee stock ownership plan or equity incentive, which will help the company further improve the long-term incentive mechanism.
It is understood that Guangdong Piano Customized Furniture Co.Ltd(002853) implements the two wheel drive strategy of retail + engineering. In terms of retail business, we continued to promote the construction of medium and high-end brands, and increased the single customer value and single store revenue through large-scale case marketing. According to the data, in the first three quarters of 2021, Guangdong Piano Customized Furniture Co.Ltd(002853) cabinet cover single value was flat, wardrobe cover single value increased by 9.19% year-on-year, and single store revenue increased by 21.41% year-on-year; In terms of engineering business, we focused more on high-quality core real estate developers, reached in-depth strategic cooperation with poly, CNOOC, China Resources, ocean shipping, Longhu, etc., actively promoted and expanded wardrobe, storage and other products other than cabinets, and increased the sales share of real estate enterprises; At the same time, the company increased the sales proportion of Engineering dealers.
