Home / Lights & Construction

Since 11 local confirmed cases of new crowns in Jiangsu appeared on July 21, the new crown epidemic has swept the country in just half a month.

There have been confirmed cases of the new crown in many provinces and cities across the country, and local prevention and control efforts have gradually increased.

Today’s scene is similar to and very different from the new crown epidemic in early 2020.

What impact will this epidemic have on the furniture industry?

The current epidemic is still developing, and the impact of the epidemic is also in progress.

1

August Furniture Fair has been postponed

▽

On August 5th, three furniture fairs in Guangdong announced the postponement on the same day.

On August 5, the Organizing Committee of Dongguan Famous Furniture Fair announced: The 2021 Dongguan International Design Week High-end Custom Design Material Selection Exhibition and the 46th International Famous Furniture (Dongguan) Exhibition originally scheduled to be held from August 18 to 21, 2021 , 2021 China (Guangdong) International Furniture Machinery and Materials Exhibition (Autumn) postponed. The exhibition time is to be determined.

On August 5, the organizing committee of the Foshan Dragon Furniture Fair announced that the 41st International "Dragon" Furniture Fair and the 31st Asia International Furniture Materials Fair, originally scheduled to be held from August 19 to 22, 2021, have been postponed. The specific exhibition time will be notified separately according to the situation.

On August 5, the Zhongshan Mahogany Furniture Fair Organizing Committee announced that the Fifth China (Zhongshan) New Chinese Mahogany Furniture Fair originally scheduled to be held on August 20-22 will be postponed. The specific exhibition time is to be determined.

Previously, on August 2, the Organizing Committee of Shenzhen Home Furnishing Expo announced: According to the overall deployment of the Shenzhen Municipal Government on epidemic prevention and control, the Futian District Government issued the "Futian District New Coronavirus Pneumonia Epidemic Prevention" on August 2, 2021. "Notice of the Office of the Control Headquarters on the Suspension of Exhibition Activities in the Near Future" (Fu Pneumonia Prevention and Control Office (2021) No. 6), requires the Shenzhen Convention and Exhibition Center to suspend various exhibition activities from now on. Therefore, the 2021 (Autumn) Shenzhen International Home Furnishing Fair, originally scheduled to be held at the Shenzhen Convention and Exhibition Center from August 7-9, 2021, will be suspended, and the specific resumption of the exhibition will be determined according to the epidemic situation.

The 2021 China Construction Expo (Guangzhou) will be held on July 20-23 in Guangzhou as scheduled, and people have to be grateful for it.

The current important point is whether the 27th China International Furniture Fair, originally scheduled to be held from September 7 to 11, can be carried out in Shanghai as planned?

2

The last national epidemic had a serious impact on the furniture industry

▽

The initial case report of the last nationwide COVID-19 pandemic was seen on January 20, 2020, and 77 confirmed cases of COVID-19 were reported.

From 10:00 on January 23, 2020, Wuhan’s airports and railway stations will be closed from Han to Han, and Wuhan’s urban bus, subway, ferry, and long-distance passenger transportation operations will be suspended.

Since then, a nationwide anti-epidemic campaign that lasted for more than two months began, and the furniture industry suffered extremely huge losses. In the first quarter of 2020, 11 listed furniture companies suffered losses, which is unprecedented in history. Some losses are huge.

As far as the top-ranked companies are concerned, in the first quarter of 2020, Opal Home Furnishing will lose about 100 million yuan, and its net profit will drop by 210.30% year-on-year; Shangpin's home delivery loss will be about 160 million yuan, and its net profit will drop by 589.3% year-on-year; Meike Home will lose 2.67% year-on-year 100 million yuan, net profit fell 499% year-on-year.

The national chain company of furniture stores-Red Star Macalline's net profit in the first quarter of 2020 decreased by 70% year-on-year, and the home of the house fell by 44% year-on-year.

3

Impact forecast of this epidemic

▽

This epidemic is very different from the last one.

The epidemic is still developing, and the future process is difficult to predict.

However, compared with the previous epidemic, the spread of this epidemic is much smaller. In the last epidemic, on February 12, 2020, 15,152 newly confirmed cases were reported in a single day. On February 13, 5090 new confirmed cases were reported.

In this epidemic, from July 21 to August 5, the largest number of new confirmed cases in a single day was 80 on August 5, of which 61 were in Jiangsu. The most important thing is that the transmission chain is under close monitoring and tracking, and the possibility of large-scale outbreaks in the future is unlikely.

The current visible impact on the furniture industry is the postponement of the furniture exhibition. The temporary cancellation of gathering activities is one of the epidemic prevention measures to prevent possible potential risks.

The majority of furniture stores and stores across the country are operating as usual, and some consumers may hesitate to spend due to the impact of epidemic prevention, but the decisive impact has not yet appeared.

If the epidemic situation can improve significantly within half a month or a month, the impact on the furniture industry throughout the year will be relatively minor.

In the last epidemic, as of March 18, the number of newly confirmed cases in Hubei Province, where the epidemic was the most severe, was zero, and there were only imported cases outside Hubei Province. The number of newly confirmed cases nationwide has been cleared.

From January 20 to March 18, the period is less than two months.

At present, there are two main sources of the epidemic, one is the transmission chain of Nanjing Lukou Airport, and the other is the transmission chain of Zhengzhou Sixth Hospital. The Zhengzhou transmission chain has not yet spread outside Henan Province, and has an impact on individual cities outside Zhengzhou; the Lukou Airport transmission chain has spread across the country through tourists in Zhangjiajie. It is difficult to predict how it will develop in the future. However, with the current epidemic prevention efforts, the possibility of a major outbreak is unlikely. The more attention is paid now, the smaller the potential risk in the future and the smaller the loss caused. Therefore, the temporary postponement of the Furniture Fair is a decisive and wise move.

Based on comprehensive judgment, although this round of epidemic has occurred in many places and local outbreaks, it is less likely to form a large-scale outbreak. The impact on the furniture industry is temporary and limited, and the impact time will not reach the two of the last epidemic. Month long.