Company VerifiedChina
Henglin Home Furnishings Co., Ltd.
Henglin
Henglin Home Furnishings Co., Ltd. is a leading provider of integrated office living solutions in China and one of the world's largest office chair manufacturers, listed on the Shanghai Stock Exchange since 2017 (ticker: 603661). Headquartered in Anji, Zhejiang—China's "Hometown of Chairs"—the company operates through an in-house R&D and manufacturing model, deeply focusing on Office & Study Furniture, including ergonomic chairs, executive leather chairs, height-adjustable desks, conference training chairs, and premium office storage systems. Through acquisitions of Swiss Lista and Italian Nicoletti Home, Henglin has transformed from OEM manufacturing to cross-border DTC e-commerce. With 2025 revenue reaching RMB 11.5-12.8 billion, products exported to over 100 countries, and production bases in Anji, Vietnam, and Switzerland, the company boasts annual capacity exceeding 12 million office chairs and 800,000 height-adjustable desks, employing approximately 9,500-11,000 people. Leveraging its digital "Future Factory" and explosive growth on channels like TikTok Shop, Henglin is accelerating its transition from "manufacturing king" to "global brand".
Strengths: Henglin's core strength lies in its unparalleled manufacturing scale and supply chain integration. As the global export champion in office chairs, it produces over 12 million units annually with deep technical expertise in core components like gas lifts and mechanisms. Through the acquisition of Swiss Lista and integration of NOVAHOFF overseas warehouses, it has achieved a closed-loop "factory-to-consumer" model, with cross-border e-commerce contributing over 45% of revenue for the first time, consistently ranking among top office furniture sellers on Amazon and TikTok Shop.
Weaknesses: Henglin's primary weaknesses include over-reliance on overseas markets (over 70% of revenue), exposing it to multiple external risks such as RMB exchange rate fluctuations, Red Sea shipping instability, and EU anti-dumping investigations, which eroded approximately 3-5% of margins in 2025. Its own-brand development remains in transition, with overseas market brand awareness lagging behind specialized DTC competitors. Additionally, management integration pressures following Vietnam base expansion cannot be overlooked.Read MoreShow Less
Strengths: Henglin's core strength lies in its unparalleled manufacturing scale and supply chain integration. As the global export champion in office chairs, it produces over 12 million units annually with deep technical expertise in core components like gas lifts and mechanisms. Through the acquisition of Swiss Lista and integration of NOVAHOFF overseas warehouses, it has achieved a closed-loop "factory-to-consumer" model, with cross-border e-commerce contributing over 45% of revenue for the first time, consistently ranking among top office furniture sellers on Amazon and TikTok Shop.
Weaknesses: Henglin's primary weaknesses include over-reliance on overseas markets (over 70% of revenue), exposing it to multiple external risks such as RMB exchange rate fluctuations, Red Sea shipping instability, and EU anti-dumping investigations, which eroded approximately 3-5% of margins in 2025. Its own-brand development remains in transition, with overseas market brand awareness lagging behind specialized DTC competitors. Additionally, management integration pressures following Vietnam base expansion cannot be overlooked.
ChinaFounded 19989.5K+12.8 Million+ Units/Year / 100
Listed onSSE603661
Listed market data
603661 · SSE · weeklyHistory →- Market cap
- $649 M
- Share price
- CNY 25.49
- 1Y change
- -22.6%
- Recent change
- -2.6%
- IPO price
- -55.2%
11-02 → 11-03
CNY 56.88 · from 2017-11-21
· updated 2026-11-03Source ↗
Financial history
Full market historyMonthCloseMarket capChange
- 2026-11CNY 25.49$649 M+0.1%
- 2026-10CNY 25.47$648 M-23.1%
- 2026-09CNY 33.11$842 M+4.3%
- 2026-08CNY 31.73$807 M+13.3%
- 2026-07CNY 28.00$712 M-30.0%
- 2026-06CNY 40.00$1 B+28.0%
- 2026-05CNY 31.24$795 M+2.3%
- 2026-04CNY 30.53$777 M-1.0%
- 2026-03CNY 30.85$785 M-12.3%
- 2026-02CNY 35.19$895 M+2.3%
- 2026-01CNY 34.40$875 M+7.5%
- 2025-12CNY 32.01$814 M—
Monthly closes · 2025-12 – 2026-11 · Full market history
Ownership & Control
Latest available filings- Controlling entity
- Publicly held — no controlling shareholder disclosed
- Company type
- Company
- Insiders
- 75.34%
- Institutions
- 0.93%(17 holders)
- Free float
- 3.79%
Percentages are of total shares outstanding, aggregated from 13F-style filings via Yahoo Finance. Institutional figures reflect US-filed positions and may undercount owners filing elsewhere. No figure is shown where none is disclosed.
In the press
All coverage →5 latest headlines1- Henglin Home Furnishings Co., Ltd. Class A Estimates – SSE:603661 - TradingViewwww.tradingview.com2026-10-24
- 恒林股份(603661)2026年中报点评：OBM延续高增 汇兑扰动短期盈利 - Futubull - 富途牛牛news.futunn.com2026-09-12
- China's furniture Giant HENGLIN to Globally Debut the Intelligent Office Chair 800 Featuring "Dynamic Spine-Care Ecosystem" at imm cologne 2026 - The Malaysian Reservethemalaysianreserve.com2026-01-10
- China's furniture Giant HENGLIN to Globally Debut the Intelligent Office Chair 800 Featuring "Dynamic Spine-Care Ecosystem" at imm cologne 2026 - PR Newswirewww.prnewswire.com2026-01-10
- Henglin Home Announces Plans to Expand in North America - Home Furnishings Businesshfbusiness.com2023-02-01
Headlines aggregated from public feeds. Sentiment tags are keyword-based, not editorial judgement.
Independent R&D & Manufacturing ODM/OEM + Cross-border E-commerce Private Label DTC*
Business Model
Henglin Home Furnishings operates a hybrid model combining independent R&D and manufacturing ODM/OEM with a direct-to-consumer DTC cross-border e-commerce private label business. Founded in 1998 and headquartered in Anji, Zhejiang Province, the company has transitioned from a pure OEM/ODM manufacturer into a brand-driven enterprise. By 2025, cross-border e-commerce contributed over 45% of total sales for the first time, with annual revenue reaching approximately RMB 115–128 billion USD 16–18 billion.
Product Portfolio
As one of the world's largest office chair manufacturers with annual capacity exceeding 12 million units, Henglin has expanded beyond traditional seating into full-home solutions. The portfolio spans:
• Ergonomic office chairs 12 million units/year capacity
• Motorized height-adjustable desks 800,000 units/year
• Functional recliners and massage chairs 1.5 million sets/year
• Industrial storage systems
• Outdoor leisure furniture
Proprietary Brands
The company owns Nouhaus, an Amazon sales leader in ergonomic seating, and Lista, a Swiss subsidiary serving Europe's high-end industrial storage market. Henglin also maintains a strong OEM client portfolio including IKEA, Staples, and Office Depot.
Manufacturing and Global Reach
Henglin operates 3 major industrial parks in Anji covering over 500,000 sqm, a Vietnam base to mitigate tariff risks, and the Swiss Lista subsidiary. The Anji "Future Factory" achieved 70% automation in chair assembly. The company employs roughly 9,500–11,000 staff globally and exports to over 100 countries. Its DTC e-commerce business ranked top-three on TikTok Shop during U.S. Black Friday in the furniture category, reflecting strong consumer traction for its own-brand products.
Henglin Home Furnishings operates a hybrid model combining independent R&D and manufacturing ODM/OEM with a direct-to-consumer DTC cross-border e-commerce private label business. Founded in 1998 and headquartered in Anji, Zhejiang Province, the company has transitioned from a pure OEM/ODM manufacturer into a brand-driven enterprise. By 2025, cross-border e-commerce contributed over 45% of total sales for the first time, with annual revenue reaching approximately RMB 115–128 billion USD 16–18 billion.
Product Portfolio
As one of the world's largest office chair manufacturers with annual capacity exceeding 12 million units, Henglin has expanded beyond traditional seating into full-home solutions. The portfolio spans:
• Ergonomic office chairs 12 million units/year capacity
• Motorized height-adjustable desks 800,000 units/year
• Functional recliners and massage chairs 1.5 million sets/year
• Industrial storage systems
• Outdoor leisure furniture
Proprietary Brands
The company owns Nouhaus, an Amazon sales leader in ergonomic seating, and Lista, a Swiss subsidiary serving Europe's high-end industrial storage market. Henglin also maintains a strong OEM client portfolio including IKEA, Staples, and Office Depot.
Manufacturing and Global Reach
Henglin operates 3 major industrial parks in Anji covering over 500,000 sqm, a Vietnam base to mitigate tariff risks, and the Swiss Lista subsidiary. The Anji "Future Factory" achieved 70% automation in chair assembly. The company employs roughly 9,500–11,000 staff globally and exports to over 100 countries. Its DTC e-commerce business ranked top-three on TikTok Shop during U.S. Black Friday in the furniture category, reflecting strong consumer traction for its own-brand products.
Quick Facts
Headquarters
Anji County, Huzhou, Zhejiang, China
Founded
1998
Employees
9.5K+
Market cap
$649 M
Factories
12.8 Million+ Units/Year
Presence
100+ Countries
Listing
SSE : 603661
Categories
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Data Sources & Methodology
This corporate profile is compiled from publicly available sources including company annual reports, SEC/regulatory filings, official press releases, and verified third-party industry databases. Financial figures reflect the most recent fiscal year disclosures and are cross-validated across multiple independent references.
VerityRank Score is calculated using a proprietary multi-dimensional model evaluating market presence, financial strength, operational scale, innovation capacity, and brand influence. Individual dimension scores are normalized against industry peers and updated quarterly.
Disclaimer: This profile is for informational purposes only. VerityRank makes no warranties regarding completeness or timeliness. This content does not constitute investment advice or endorsement.
Key references: SSE : 603661