www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Milking the small appliances sector

By Tuo Yannan in New Delhi (China Daily) Updated: 2012-07-02 14:03

This year is Zhang Hong's 24th working in China's consumer electronics industry.

In her hometown of Shenyang, in Liaoning province, she was very well known for being the first Sony Corp authorized Chinese distributor in the nation in the 1990s. She is now more famous in many countries for her new nickname - queen of the Chinese homemade yogurt machine.

Zhang was a technician at an electronic coach manufacturer from 1988. She then turned to distributing Sony consumer electronic products in 1995. In 2004, she started up her own business, Rikon Corp, making the yogurt machines. "In the 1990s, after we received China's first authorization from Sony, sales of electronic products were unbelievably good," Zhang said, "Our sales revenue reached 200 million yuan ($37.15 million) one year."

Milking the small appliances sector

Zhang?Hong, president of Rikon Corp 

However, because of increasing competition, the profit margin for selling overseas brands' products declined significantly so Zhang decided to head off in a new direction.

Looking back, Zhang feels she was very lucky in making the decision. According to US-based market research company NPD Group Inc, the sales revenue of all US -based home-appliance companies declined about 5 percent to $19.1 billion in 2011. Meanwhile, sales revenue for small kitchen appliances increased 2 percent.

Even some big multinational companies are shifting their emphasis to the small appliances industry now. Whirlpool's Chairman and Chief Executive Officer Jeff Fettig told The Wall Street Journal that his company's small electronic products sector grew more than 15 percent annually in the last few years, even during the financial crisis.

"In 2002, our first yogurt machine was launched and became very popular at the 2005 China Import and Export Fair in Guangzhou," Zhang told China Daily at Dell Inc's Women's Entrepreneur Network Forum held in late June. "However, we did not get any overseas orders at the three-day expo at all."

At first, Zhang didn't know why her company couldn't attract any overseas buyers. After consulting with the fair organizer, she realized that it was because exports need overseas product certifications from local authorities.

According to her research, back then yogurt machines had already been accepted by Western customers so her company did not need to nurture the market. Zhang decided to concentrate on overseas markets rather than the China market.

"Over the next two years, we applied for many countries' product certifications, including the United Kingdom, the United States, Australia and the Netherlands," Zhang said, adding that now Rikon receives more than $3 million in sales revenue from overseas markets annually.

This year she attended Dell's forum in India to seek business opportunities in the country. Zhang discussed with attendances from all over the world about how female entrepreneurs can expand their business globally.

According to report of the forum, three major barratries for female entrepreneurs are fund, social network and technology. In India, start-up company female entrepreneurs only get $9376 for starting their own business on average, said the report.

Technology is another issue that concerns Zhang and other women entrepreneurs.

"How to use new technology to increase our sales performance is our focus this years, Rikon will start to water test China's e-commerce market," Zhang said.

Because of the global economic recession, which started in 2008, her company's orders declined so she started to focus on Chinese customers.

According to London-based market intelligence firm Euromonitor International Ltd's data, households in China tend to have fewer than 10 small appliances such as coffee machines and microwave ovens, whereas Western nations have about 30 per family. Apart from microwave ovens and rice cookers, the market in China is less developed.

After building a factory neighboring Beijing with an annual production capacity of 1.5 million units in 2011, Zhang's next targets are opening an online store on Taobao, China's largest online market by sales, and making commercial yogurt machines.

"We have customized a type of yogurt machine specifically for Taobao customers and only sell it online to test the water," Zhang said.

To compete with other brands, Zhang also wants to enter the enterprise market and become a yogurt machine provider for restaurants and other organizations.

"Compared with traditional electronic products such as TV sets, refrigerators and washing machines, small appliances have a very noticeable advantage now," said China Electronic Chamber of Commerce Deputy General Secretary Lu Renbo. "The profit margin of small appliances is relatively high and can even be as much as 30 percent. The market has been growing very fast in recent years."

tuoyannan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 青青草国产免费一区二区 | 中国黄色一级大片 | 精品国产三级在线观看 | 97超级碰碰碰免费公开在线观看 | 欧美一级片 在线播放 | 美女啪啪网站又黄又免费 | 久久一区二区三区免费 | 黄色三级免费 | 日韩免费a级在线观看 | 亚洲自拍偷拍图 | 99久久亚洲 | 在线亚洲精品中文字幕美乳 | 国产一及片 | 碰超在线观看 | 日本高清视频一区二区 | 一级免费视频 | 国产一级二级三级视频 | 美女张腿男人桶免费视频 | 特黄特黄| 美女流白浆网站 | 国产在线精品观看 | 一区二区三区欧美日韩国产 | 国产一级做a爰片久久毛片99 | 福利视频在线午夜老司机 | 国产真真人女人特级毛片 | 国产一区二区三区欧美精品 | 亚洲免费在线视频 | 男人的天堂在线精品视频 | 在线看精品 | 亚洲国产激情一区二区三区 | 免费人成黄页在线观看视频国产 | 女人张开腿让男人桶免费网站 | 加勒比色 | 久久精品国产亚洲麻豆 | 丝袜精品 欧美 亚洲 自拍 | 欧美高清日本三级人妇 | 国产精品第五页 | 俄罗斯毛片免费大全 | 久久亚洲精品23p | 日韩欧美视频在线一区二区 | 香港经典毛片a免费观看 |