Zhenyu Hardware: Plastic Goods Cross-Regional Allocation Not Restricted, Q1 Exports Hit New High
Zhenyu Hardware's consolidated revenue in March reached NT$196.57 million, with Q1 consolidated revenue hitting NT$585.91 million, a 6.11% year-on-year increase, driven by home improvement demand and store expansion. The company has activated a cross-regional inventory allocation mechanism to ensure supply and has not implemented purchase restrictions. Scan Furniture, a leading Taiwanese furniture chain, noted a slowdown in the housing market last year, leading to weaker furniture sales in the first half of this year, and remains cautious about its operations.
📋 Article Processing Timeline
- 📰 Published: April 10, 2026 at 19:41
- 🔍 Collected: April 10, 2026 at 20:00 (19 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 19:03 (119h 3m after Collected)
Zhenyu Hardware's consolidated revenue in March reached NT$196.57 million, a 4.66% increase compared to the same period last year; cumulative consolidated revenue from January to March reached NT$585.91 million, a 6.11% year-on-year increase.
Zhenyu Hardware stated that the growth in March revenue was mainly due to the increased demand for home repairs and cleaning before and after the Qingming Festival, as well as the continued positive effects of store expansion, driving steady business growth. Coupled with actively cooperating with policies to stabilize the supply of essential goods, Q1 revenue achieved steady growth.
Observing the product sales structure, Zhenyu Hardware stated that in Q1, in addition to being driven by seasonal repair demand, the overall performance of categories related to daily life and home maintenance was stable, indicating that consumer demand is still mainly for essential daily purchases. Some products saw increased short-term demand due to heightened market attention. From January to March, "home goods" showed the most significant growth, with an 18.32% year-on-year increase; "knives, scissors, and gardening" and "plumbing and electrical materials" grew by 7.41% and 6.86% respectively.
Zhenyu Hardware stated that it also cooperates with the Ministry of Economic Affairs' measures to stabilize the supply of essential goods, having activated a cross-regional inventory allocation mechanism. This combines 94 stores nationwide with 3 logistics warehouses for product replenishment and transfer. Currently, all stores nationwide maintain normal sales and have not implemented purchase restrictions, urging the public to purchase rationally according to actual needs to jointly maintain market supply and demand stability.
In terms of channel layout, Zhenyu Hardware's focus in recent years has been on expanding stores in densely populated areas in the north and south. The total number of stores nationwide has reached 95, with 30 stores in Taichung, gradually moving towards a scale of 100 stores nationwide.
However, from the perspective of consumer demand, the furniture market shows a different rhythm. Scan Furniture, Taiwan's leading furniture chain, stated that housing transactions decreased last year. As a lagging indicator of the housing market, the furniture industry usually reflects actual demand 3 to 6 months after home delivery. However, while furniture sales momentum was weak in the first half of this year, achieving growth in Q1 was not easy, also reflecting the results of last year's structural adjustments.
Looking ahead, Scan Furniture stated that if Taiwan's housing market transactions gradually bottom out and rebound in the second half of 2026, leading to a release of home delivery waves, the furniture industry is expected to see a replenishment of deferred demand. Scan Furniture also pointed out that rising oil prices also pose inflation concerns. If the war cannot end in a short period, it may be difficult to avoid price increases for everything, which would not be good news for the domestic consumption industry. The company remains cautious about its operations this year. (Editor: Huang Kuo-lun) 1150410
Zhenyu Hardware stated that the growth in March revenue was mainly due to the increased demand for home repairs and cleaning before and after the Qingming Festival, as well as the continued positive effects of store expansion, driving steady business growth. Coupled with actively cooperating with policies to stabilize the supply of essential goods, Q1 revenue achieved steady growth.
Observing the product sales structure, Zhenyu Hardware stated that in Q1, in addition to being driven by seasonal repair demand, the overall performance of categories related to daily life and home maintenance was stable, indicating that consumer demand is still mainly for essential daily purchases. Some products saw increased short-term demand due to heightened market attention. From January to March, "home goods" showed the most significant growth, with an 18.32% year-on-year increase; "knives, scissors, and gardening" and "plumbing and electrical materials" grew by 7.41% and 6.86% respectively.
Zhenyu Hardware stated that it also cooperates with the Ministry of Economic Affairs' measures to stabilize the supply of essential goods, having activated a cross-regional inventory allocation mechanism. This combines 94 stores nationwide with 3 logistics warehouses for product replenishment and transfer. Currently, all stores nationwide maintain normal sales and have not implemented purchase restrictions, urging the public to purchase rationally according to actual needs to jointly maintain market supply and demand stability.
In terms of channel layout, Zhenyu Hardware's focus in recent years has been on expanding stores in densely populated areas in the north and south. The total number of stores nationwide has reached 95, with 30 stores in Taichung, gradually moving towards a scale of 100 stores nationwide.
However, from the perspective of consumer demand, the furniture market shows a different rhythm. Scan Furniture, Taiwan's leading furniture chain, stated that housing transactions decreased last year. As a lagging indicator of the housing market, the furniture industry usually reflects actual demand 3 to 6 months after home delivery. However, while furniture sales momentum was weak in the first half of this year, achieving growth in Q1 was not easy, also reflecting the results of last year's structural adjustments.
Looking ahead, Scan Furniture stated that if Taiwan's housing market transactions gradually bottom out and rebound in the second half of 2026, leading to a release of home delivery waves, the furniture industry is expected to see a replenishment of deferred demand. Scan Furniture also pointed out that rising oil prices also pose inflation concerns. If the war cannot end in a short period, it may be difficult to avoid price increases for everything, which would not be good news for the domestic consumption industry. The company remains cautious about its operations this year. (Editor: Huang Kuo-lun) 1150410