The largest domestic furniture manufacturer 'You Wood Furniture' accepts external financing for the first time

On November 16, 2021, according to Tianyancha, You Wood Furniture Manufacturing Co., Ltd. completed hundreds of millions of yuan in strategic financing. This round of financing was led by Lugang International and United Ventures, and several investment institutions followed.

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On November 16, 2021, according to Tianyancha, You Wood Furniture Manufacturing Co., Ltd. completed hundreds of millions of yuan in strategic financing. This round of financing was led by Lugang International and United Ventures, and several investment institutions followed. It is understood that this round of financing is the first external financing since the establishment of You Wood Furniture. You Wood Furniture was established on December 7, 2017 with a registered capital of about 2.486 billion yuan. Business scope includes import and export of goods, technology import and export, wood-based panel manufacturing, wood-based panel sales, synthetic fiber manufacturing, synthetic fiber sales, high-performance fiber and composite material manufacturing, high-performance fiber and composite material sales, cellulose fiber raw materials and fiber manufacturing , floor manufacturing, floor sales, furniture manufacturing, etc. Since 2006, You Wood Furniture has started furniture production in Jingzhou, Hubei, Yantai, Shandong and other places. Up to now, You Wood Furniture has built 8 production bases across the country, with an annual production capacity of 2.3 million cubic meters, and has expanded its business to the construction and operation of customized home furnishing ecological industrial zones. According to Nian Dandan, chairman of YYou Wood Furniture, "You Wood Furniture was the world's largest furniture manufacturer many years ago, and in the field of furniture, it has ranked first in China and third in the world this year." In the next 3-5 years, You Wood Furniture Ecology plans to build 20 industrial clusters across the country. Each industrial cluster is constructed in the mode of "Zero-aldehyde Smart Home Furnishing Industrial Park", integrating "aldehyde-free particle board", "sheet facing", "intelligent custom furniture", Four major manufacturing systems of "green industrialized custom home improvement". By then, the annual production capacity of Umu furniture will reach 5 million cubic meters, and it is expected that each industrial park can provide 100,000 sets of customized packages per year. It is reported that You Wood Furniture is the first carbon neutral project invested by a fund company since its establishment. Since then, You Wood Furniture will officially enter the real estate carbon neutrality track and actively deploy green real estate technology projects.