Guangzhou Pearl River Piano Group Co Ltd operates within the Musical instruments sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Guangzhou Pearl River Piano Group Co Ltd with three other
musical instrument manufacturers in Asia:
Samick Musical Instruments Company Limited
of South Korea
sales of 262.41 billion Korean Won [US$233.54 million]
of which 61%
was Musical instrument),
Kawai Musical Instruments Manufacturing Company Limited
(66.55 billion Japanese Yen [US$592.94 million]
of which 54%
was Musical Instruments Business), and
Hailun Piano Co Ltd
(469.66 million Chinese Renmimbi [US$67.95 million]
of which 79%
was Upright Piano).
During the year ended December of 2017, sales at
Guangzhou Pearl River Piano Group Co Ltd were 1.79 billion Chinese Renmimbi (US$259.01 million).
increase of 14.3%
versus 2016, when the company's sales were 1.57 billion Chinese Renmimbi.
This was the fifth consecutive year of sales increases at Guangzhou Pearl River Piano Group Co Ltd
(and since 2012, sales have increased a total of 37%).
Sales of Educational Service saw an increase
that was more than double the company's growth rate: sales were up
144.7% in 2017, from
19.29 million Chinese Renmimbi to 47.21 million Chinese Renmimbi.
Not all segments of Guangzhou Pearl River Piano Group Co Ltd experienced an increase in sales in 2017:
sales of Other Business fell 10.9% to 23.01 million Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).