Nature Home Achieves Turnaround in 1H2014

Revenue and Gross Profit Up by 37% and 50% to Approximately RMB776 Million and RMB253 Million Respectively

Further strengthened the integrated household product strategy by introducing an O2O platform to seize online and offline shopping opportunities

HONG KONG, Aug. 29, 2014 /PRNewswire/ —

Financial Highlights:

Unaudited results for the 6 months ended 30 June

2014

RMB’000

2013

RMB’000

Change

%

Revenue

776,398

566,977

+36.9

Gross Profit

252,658

168,888

+49.6

Profit Before Tax

26,679

(47,370)

N/A

Profit Attributable to Equity Shareholders

19,715

(55,248)

N/A

Profit Attributable to Equity Shareholders (excluding the net change in fair value of biological assets)

25,694

18,111

+41.9

Basic Earnings per Share (RMB)

0.013

(0.037)

N/A

Nature Home Holding Company Limited (“Nature Home” or the “Company“, together with its subsidiaries, the “Group“; HKEx Stock Code: 2083), announced today its interim results for the six months ended 30 June 2014 (the “Period“).

During the Period, the Group achieved encouraging financial results with revenue increased by 36.9% to approximately RMB776 million. Gross profit surged 49.6% to approximately RMB252 million. Profit attributable to equity shareholders reached approximately RMB20 million, representing a turnaround in the Period as compared to the loss attributable to equity shareholders recorded in the corresponding period of 2013. The turnaround is mainly attributable to the reduction of the negative net change in fair value of the Group’s biological assets, as well as the increase in the Group’s revenue and gross profit. During the Period, approximately 10.09 million square meters of flooring products were sold (1H2013: approximately 8.45 million square meters), representing an increase of 19.4% year-on-year.

Mr. Se Hok Pan, Chairman and Executive Director of Nature Home stated, “In the first six months of 2014, we continued to strengthen our efforts on brand building and sales, to further broaden the coverage in international markets under the intensified industry competition, this is reflected in the significant increase in the trading revenue of timber and wood products. The turnaround recorded during the Period reflected the success of our business development strategies, brand building and sales efforts. With the change of our Company name to Nature Home Holding Company Limited, we aim at achieving our goal in offering integrated household products with our Nature brand, representing an image of high quality, safe and environmentally-friendly household brand.”

Manufacturing and Sale of Wood Products

During the Period, turnover of the Group’s manufacturing and sale of wooden products has increased 39.2% to approximately RMB527 million, mainly attributable to the continued recovery of the Group’s flooring business in the PRC and the overall increased sales in flooring products.

The Group has successfully developed a solid and extensive sales network in the PRC. It has 1,856 “Nature” stores, 1,121 “Nature No.1 My Space” stores, 152 “Nature Aesthetics” stores, 99 foreign imported brand stores and 116 other brand stores as at 30 June 2014, amounting to 3,344 stores in total.

Nature Home will continue to focus on the development in the business of wooden doors, wardrobes and cabinets with the “Nature” brand, striving to improve such business in the future with the completion and operation of the new product line in the newly opened Taizhou Production Plant in Jiangsu Province, the PRC and the planned trial production of the Zhongshan Wardrobes and Cabinets Plant in the second half of 2014.

Trading of Timber and Wood Products

For the overseas market, the recovery of the global economy, especially the economy of the U.S., has created a favorable environment for the development of the Group’s business and brought to the group significant growth in the trading business revenue of timber and wood products. The Group’s subsidiaries located in the U.S. have further boosted the Group’s business development by establishing additional sales channels, which resulted in a sustained growth in the Group’s sales for the trading of wood flooring products in the U.S. During the Period, the Group’s trading business of timber and wood products contributed a revenue of approximately RMB165 million, representing a significant increase of 61.8% as compared to approximately RMB102 million in the corresponding period of 2013.

Chairman Se concluded, “Looking forward, the Group is still facing various challenges. However, the Group has captured the opportunities from the trend of online and offline shopping. We plan to establish an online housing O2O platform for the household industry to provide our customers with a one-stop solution with household products, logistics and decoration as well as installation service. The Group also plans to open ‘O2O Household Package Experience Stores’, which will display different packages of household products, offering customers an open experience for household products. We will also continue to implement our strategy of integrated household products and enhancing our household brand with a combination of online and offline platforms, in order to maximize the effectiveness in sales of the household brand. We will also strive for better performance in the future for the relevant business, especially with the new production line of wooden doors in the Taizhou Plant and a new production line of wardrobes and cabinets in the Zhongshan Plant. As one of the largest wood flooring brands in China, we have full confidence in our business and we will continue to reinforce our leading position in the industry to maximize returns to our shareholders.”

About Nature Home Holding Company Limited

Nature Home is the largest wood flooring brand in China in terms of market share by retail sales value of branded wood flooring products. According to an industry report of China’s flooring market conducted by an independent global market research and consulting company (the “Industry Report”), the Group’s “Nature” branded products accounted for 7.0% market share in terms of China’s total retail sales value of branded wood flooring products in 2011. The Group’s branded products are manufactured through a combination of its own manufacturing facilities and exclusive authorized manufacturers.

According to Industry Report, in 2011, the Group’s branded products ranked second in laminated flooring, first in multi-layered engineered flooring and first in solid wood flooring, each in terms of both the market share of retail sales volume and retail sales value in China. The Group is the only company to achieve a top two market share position across the three primary wood flooring product categories in China in 2011. Leveraging its strong brand, extensive distribution network, comprehensive product portfolio and flexible manufacturing model, the Group grew rapidly and gained market share in China from 2008 to 2011.

To see the full version of this release, including financial tables, click here: http://photos.prnasia.com/prnk/20140829/8521404880-a

ZigBee Certified Products Surpass 1,000

— Continual growth in ZigBee Certified products signals the growing demand for the Internet of Things

SAN RAMON, Calif., Aug. 27, 2014 /PRNewswire/ — The ZigBee Alliance, a global ecosystem of organizations creating wireless solutions for use in energy management, commercial and consumer applications, today announced that there are now more than 1,000 ZigBee Certified products available to the market, demonstrating the rising demand for the Internet of Things.

Logo – http://photos.prnewswire.com/prnh/20091005/SF86596LOGO

ZigBee standards have been implemented in products developed by more than 400 global manufacturers. The rising number of Alliance members and ZigBee Certified products is a reflection of market demand. In fact, analysts from Research and Markets have forecasted that the global ZigBee enabled devices market will grow at a compound annual growth rate of more than 67 percent from 2014-2018.

The ZigBee Certified program ensures that quality, interoperable ZigBee products are available for product manufacturers and their customers. The program focuses on two areas, the ZigBee Compliant Platform program and the ZigBee Certified Product program. The ZigBee Compliant Platform program evaluates all platforms before they can be engineered into products, including testing for compliance to a ZigBee specification. The ZigBee Certified Product program tests any product using an Alliance-developed standard, ensuring that the product is fully compliant to the standard. To learn more about the ZigBee Certified program, visit: http://www.zigbee.org/Certification.aspx

“The rise to 1,000 certified products is the result of ZigBee’s prominence in the booming Internet of Things industry,” said Tobin J.M. Richardson, President and CEO of the ZigBee Alliance. “ZigBee is the only standards-based wireless technology designed to address the unique needs of device-to-device communication in just about any market, and the more than 400 member companies consistently certifying new products with ZigBee are a testament to that fact.”

ZigBee members continue to experience success, delivering tens of millions of devices to a variety of markets including:

Smart Home
ZigBee is the only global, standards-based wireless solution that can conveniently and affordably control the widest range of devices to improve comfort, security and convenience for consumers. ZigBee enjoys strong adoption in the smart home driven by consumers purchasing through retail stores such as Staples and Lowes, telecommunication companies such as Comcast, Deutsche Telekom and EchoStar, and directly from home automation companies including LeGrand, Schneider, and many others.

Connected Lighting
ZigBee continues to drive interoperable and very easy-to-use consumer lighting and control products allowing consumers to gain wireless control over all their LED fixtures, light bulbs, remotes and switches. Recent announcements by GE, OSRAM, Philips, Busch Jaeger and others demonstrate the growing dominance of ZigBee for connected lighting.

The Connected Lighting Alliance, comprising almost all the major global lighting vendors, has endorsed ZigBee Light Link as the preferred standard for residential lighting applications. This decision represents the first time an alliance of leading lighting companies has unanimously endorsed a common open standard for wireless lighting solutions.

Energy Management
ZigBee is already installed in tens of millions of smart meters today and continues to be the standard of choice for utilities around the world. For instance, Great Britain will begin its Smart Metering Implementation Programme which will lead to the replacement of 53 million meters in homes and small businesses across Great Britain with smart electricity and gas meters by 2020.

To see the full list of ZigBee Certified products, visit: http://zigbee.org/Products/Overview.aspx.

ZigBee: Control your world
ZigBee offers green and global wireless standards, connecting the widest range of devices to work together intelligently and help you control your world. The ZigBee Alliance is an open, non-profit association of approximately 400 members driving development of innovative, reliable and easy-to-use ZigBee standards. The Alliance promotes worldwide adoption of ZigBee as the leading wirelessly networked, sensing and control standard for use in consumer, commercial and industrial areas. For more information, visit: www.ZigBee.org

New Highlights at CIFF 2014 September in Guangzhou

— All themes Cast, Leading the Autumn Furniture Fashion

GUANGZHOU, Aug. 15, 2014 /PRNewswire/ — China International Furniture Fair (Guangzhou) (“CIFF”) is known as “No.1 platform for the world class”, “Asia’s furniture sourcing center” and “the weatherglass of China’s furniture industry”. It is held biannually in Guangzhou every March and September since 1998, with the exhibits covering furniture, furnishing products and their upstream and downstream industries. On September 5-8, 2014, the 34th CIFF will offer the complete series of furniture and upgrade the service further!

Hall Plan

Hall Plan

Complete Series of Furniture Forming an Autumn Grand Event.

The September show of CIFF in the past was main for home living with exhibits of Home Furniture, Outdoor Furniture, Home Decor, Home Textile and other upholsteries. The 34th CIFF will make a large reform by adding Office Furniture, Hotel Furniture, Public Furniture and Furniture Machinery & Raw Materials for the first time. CIFF has become an integrated one-stop international exhibition platform, linking up the whole chain of furniture market, working for home and office environments and covering the full series of the furniture & furnishing products.

Quality Suppliers and Industrial Elites Gathering to Create Business Opportunities

The scale of CIFF 2014 September reaches 200,000SQM. Over 1000 quality suppliers will take part in the show with their brand new products and best offers. It is expected that the professional buyers and other industry’s professionals from more than 190 countries and regions will attend the show. The domestic large buyers groups and international buyer delegations, designer groups from Germany, Belgium, Russia, the United States, Australia, Turkey, Japan and so on will also visit the 34th CIFF in Guangzhou.

Parts of the Big Brands:

Mordern Home Furniture: Landbond, Kinetic, KUKA, Hinglee, Kinwai, Royal, Steel-land, Norya, Somnopro, Violino, Farrell, Show-win, Lixing…

Classic Home Furniture: Fourseas, Lebetter, Ouevane, Tianyuan, Armola…

Office and Hotel Furniture: New Century, Hongji, Zhenmei, Catering, Meibang, Lidan, Suniver, Yousheng, Haijing, Kivik…

Outdoor Furniture: Perfect, Global-Gate, Derong, Tengo, YATN,Flyhang Rattan…

Home Decor & Home Textiles: Creative, Jiemei, Mydeco Living, Nikky Home, Kingking, Kamtat, Laifei, Dechang, Sitong, Blossom, Baller…

Furniture Machinery & Raw Materials: Leliu Hardware, Union Star, Taiming, Taiqiang, Xiangxing, Zhaogang, Zhuokai…

Upgraded Service faciliating your visit at CIFF

From the last edition,  CIFF has simplified the entry procedure and speed up the badges application. CIFF 2014 September will continue to implement the fast procedure that you just need your ID card and business card to fetch the entry badges before entering the fair without any form filling or fee.  In addition, the new version of the official website of http://www.ciff-gz.com and the APP application software, will launch the quick Search & Naviation systems to further optimize the easy service experience of more convenience, efficiency and pleasance.

Let us expect and enjoy CIFF 2014 September in Guangzhou!

陈骏 Chen Jun
+86-20-89128065
1251089755@qq.com

Photo – http://photos.prnasia.com/prnh/20140814/0861405758

Mohawk Industries Highlights ‘Good Choices’ In Fifth Annual Sustainability Report

CALHOUN, Ga., July 22, 2014 /PRNewswire/ — Sustainable practices are ultimately good choices. In its fifth annual sustainability report, Mohawk Industries, the world’s largest flooring manufacturer, highlights the good choices the Company makes each day for customers, employees, shareholders, communities and the environment.

“Mohawk’s success is attributable to the good choices made in the past and will be sustained by making good choices in the future,” said Dave Patton, Mohawk Industries’ chief sustainability officer. “As our business continues to grow and expand into new geographies, we remain committed to making responsible choices that create the greatest value for our stakeholders, our customers and the men and women who make up our Company.”

Mohawk’s sustainability report underscores the Company’s commitment to good choices while maintaining consistency, transparency and accuracy in reporting. The 2013 sustainability report includes Mohawk’s three recent acquisitions, which ensures a comprehensive report that truly covers the entire enterprise.

“Last year, Mohawk’s global footprint expanded significantly, and our three major recent acquisitions are reflected in our sustainability report,” said Jenny Cross, vice president of corporate sustainability at Mohawk Industries. “Companies usually require years to fold acquisitions into their sustainability reporting, but our 2013 report includes complete and accurate performance metrics from our entire enterprise.” 

Mohawk’s interactive report, available exclusively online at www.mohawksustainability.com, highlights the Company’s good choices in 2013 and reaffirms its commitment to global stakeholders.

Highlights from Mohawk’s 2013 Sustainability Report include:

  • Continuation of the Company’s legacy of sustainable product innovation with Continuum™ clean recycled polyester fiber processing and Easy Airtight™ energy efficient roofing insulation panels
  • Extension of “Zero Manufacturing Waste to Landfill” program with twelve new sites earning the designation
  • Expansion of ability to meet local market needs into new geographies for laminate and ceramic products
  • Employment of 28% more individuals than in 2012
  • OHSAS 18001 health and safety certification at two North American Ceramic facilities
  • Completion of EPDs for all ceramic products manufactured in North America
  • Partnership between commercial carpet business and the International Living Future Institute and addition of Declare™ labels to products within the commercial carpet portfolio
  • FloorScore® certification for all solid wood, engineered wood and laminate floors manufactured in the U.S.

During 2013, Mohawk continued to make positive progress toward all of its 2020 environmental goals, which are key components of the Company’s sustainability platform. Using 2010 levels as baselines, Mohawk has committed to 25% intensity reductions for energy, greenhouse gases (GHG), water and waste to landfill by 2020.

“We remain committed to using resources more efficiently, reducing our emissions and up-cycling our waste stream into first quality products,” said Cross. “These practices are consistent with the values of millions of people, and we encourage that community to enter into dialogue with us through our social media platforms. We welcome feedback and good ideas that can help us further improve our sustainability practices.”

Individuals can post comments on Mohawk’s LinkedIn platform or follow the company’s Twitter feed (@mhkgreenworks). The Company also has a dedicated e-mail account to respond to sustainability inquiries: mohawkgreenworks@mohawkind.com.

To access Mohawk’s fifth annual Sustainability Report, please visit: www.mohawksustainability.com.

Simplify Your Comfort — Ambi Climate Accepting Pre-orders on 22nd July

HONG KONG, July 18, 2014 /PRNewswire/ — Ambi Climate, the delightfully simple add-on upgrade that simplifies your comfort and optimises your home’s air conditioning (“AC”), will be accepting pre-orders from 9am on 22nd July, as one of the inaugural projects on a new Asia focused crowdfunding platform launching that day.

Ambi Climate. Simplify your comfort.
Ambi Climate. Simplify your comfort.

Ambi Climate solves a problem that is familiar in many Asian households over 90% of households in the leading cities in Asia use ACs, yet many users find that their ACs do not adequately maintain their comfort. “Our online survey of 6 major Asian markets last year showed that over 70% of respondents identified with at least one comfort complaint caused by their AC, with the most common complaints being temperature related, such as finding the room too hot or too cold; or humidity related, such as condensation problems or finding things too humid,” explains Ambi Labs founder and CEO Julian Lee. These comfort challenges require effort on the user to solve, with some research participants remarking “[I am] looking forward to not having to touch the remote 5 times an hour” and “Crazy unpredictable weather. [It is] hard to really control [my] aircon based on my needs.”

“One goal of this crowdfunding campaign is to recruit more beta testers,” said Julian. “We already have over 100 beta testers signed up, mainly in Singapore and Hong Kong, and we wish to recruit users from other Asian countries to ensure our product meets the needs of consumers across the region. Our beta units are already in production and will ship in September. To make this reward especially attractive, we have priced these units at US$89, over 40% off our expected retail price of US$149 despite higher manufacturing costs for these early units. Backers who wish to support us, but who would prefer to wait for a more mature version, are encouraged to back our production reward tiers, which will ship in April 2015 and start at US$69 for the early bird promotion.”

For more details of our upcoming campaign, and to sign up for news of upcoming promotions and discounts ahead of the launch, visit: http://www.ambiclimate.com/campaign

Press Contact:

Elizabeth Choi
+852-22595100
media@ambiclimate.com
Press Page: http://bit.ly/ambiclimate
Facebook: facebook.com/ambiclimate
Twitter: @ambiclimate

Photo – http://photos.prnasia.com/prnh/20140718/8521404091

Strong Demand for Ambi Climate Beta Units

HONG KONG, July 15, 2014 /PRNewswire/ — Ambi Climate – the delightful add-on upgrade that simplifies your comfort and optimises your home’s air conditioning (“AC”) – has officially accepted its first beta testers. Ambi Labs CEO Julian Lee announced the upcoming beta during Echelon 2014, Asia’s Largest Tech Conference, which was recently held in Singapore. Response from the audience was extremely enthusiastic, with the beta test units set aside for this occasion snapped up in less than 2 hours.

Ambi Climate simplifies your AC comfort
Ambi Climate simplifies your AC comfort

“We thank the organisers, e27, for the opportunity to present at Echelon 2014. It was the perfect platform for us to recruit beta testers from across Asia,” stated Julian. “We are also heartened by the fact that our message resonated so strongly with the audience!”

Attendees at e27 were active not just in signing up as beta testers, but they also voted overwhelmingly for Ambi Climate in the People’s Choice Award — one of only 3 prizes awarded to the 10 finalists, who were in turn handpicked out of over 400 startups that applied to Echelon 2014. “We are humbled and grateful to the Echelon attendees for their support. This validates our research into a common pain point amongst consumers in Asia,” said Julian after the event.

Echelon 2014 attendees who registered for the beta trial were also encouraged to state how Ambi Climate would help them, with the largest category of responses related to comfort. “I’m sick of adjusting my AC temperature every 30 mins!” read one, and “I hate waking up [at] night to [turn] off my aircon” stated another. Some saw an opportunity to care for their loved ones: “So that my wife can stop switching the AC on and off throughout the night.” Others wanted Ambi Climate to help with their AC’s energy consumption: “[I am a] big believer in reducing energy waste at home, especially during the night when AC might not be always required. Plus it would save loads on energy bills!”

Ambi Climate harnesses machine learning and big data techniques to solve these problems. It is the world’s first system that learns not just your preferences, but also predicts how conditions in your home will change. Ambi Climate’s patent pending algorithms build up a holistic picture of your home, and are able to adjust your AC settings to ensure your comfort, no matter the time of the day, or outdoor weather patterns. Ambi Climate also provides deep, data-driven insights into the conditions in the user’s home, and the impact of their usage behaviour. This knowledge helps users to take control of their AC usage, allowing them to understand the tradeoffs between comfort and energy consumption.

Want to sign up as a beta tester? Ambi Climate beta devices will soon be available to a wider audience via a crowdfunding campaign. Sign up for the mailing list at http://bit.ly/ambiclimatesubscribe and be notified as soon as they launch their campaign.

Ambi Labs is also announcing an “Ambi-A-Day” video contest. From 16 July to 22 July, contest entrants who submit a video to the Ambi Climate Facebook page detailing why they want an Ambi Climate in 15 seconds or less will have a chance to win a free device. The video with the most votes each day wins a production Ambi Climate device. For further details and Terms and Conditions, visit the official contest page:http://bit.ly/ambi-a-day.

Photo – http://photos.prnasia.com/prnh/20140715/8521404017