Despite facing the high global inflation and uncertainties caused by fluctuations in raw material prices and freight costs in 2022, Zhejiang Nature achieved double-digit growth in operating income, reflecting the steady improvement of its core competitiveness under tremendous pressure.
According to public information, Zhejiang Nature mainly engages in the research and development, design, production, and sales of outdoor sports products such as inflatable mattresses, outdoor boxes and bags, and headrest cushions. In the long-term production process, the company has mastered key processes and technologies such as TPU film and fabric composite technology, polyurethane soft foam foaming technology, high-frequency welding technology, and heat-press welding technology, gradually forming a unique vertical integrated industry chain.
In 2022, Zhejiang Nature's performance continued to grow. Although facing significant market pressure, the company achieved good results in both operating income and non-recurring net profit growth.
Affected by the surge in ocean freight prices at the beginning of 2021, international customers' ordered goods could not arrive at the port as planned, resulting in missed sales peak season, a large amount of inventory, and decreased consumer desire due to high inflation, which gradually reflected in the second half of 2022. During the whole second half of 2022, most customers were basically in a destocking state, and the sales situation was worse than expected.
However, Zhejiang Nature's performance still achieved positive growth, demonstrating incredible resilience. The 2022 annual report data showed that the company achieved operating income of 946 million yuan during the reporting period, a year-on-year increase of 12.27%, and a non-recurring net profit of 205 million yuan, a year-on-year increase of 2.99%.
It is worth noting that the domestic market sales boosted the further improvement of the performance. The annual report data shows that Zhejiang Nature's domestic market achieved operating income of 242 million yuan in 2022, a year-on-year increase of 42.1%, significantly higher than the company's overall revenue growth in 2022.
In recent years, influenced by factors such as the overall development of the domestic and foreign outdoor sports market, Zhejiang Nature's business performance has been continuously improving. Historical data show that the company's revenue scale increased from 509 million yuan in 2018 to 946 million yuan in 2022, which only took four years with an average annual compound growth rate of 16.76%.
