Brand VerifiedChina

Monalisa Group Co., Ltd.

Monalisa

Monalisa Group Co., Ltd. is one of China's absolute leaders in architectural ceramics and sintered stone (porcelain slabs), listed on the Shenzhen Stock Exchange (ticker: 002918). Tracing its origins to 1992 and headquartered in Foshan, Guangdong, the company operates through in-house intelligent manufacturing, deeply focusing on premium ceramic tiles and sintered stone within the full spectrum of building materials. It offers a comprehensive portfolio spanning polished glazed tiles, rustic tiles, wood-look tiles, large-format slabs (up to 1600×3200mm and beyond), ultra-thin ceramic panels (3mm), antibacterial slabs, kitchen countertops, and backdrop wall systems. With 2024/2025 annual revenue of approximately RMB 4.5-5.0 billion, Monalisa operates 4 modern manufacturing bases in Foshan, Qingyuan, Guangxi, and Jiangxi, with over 30 smart production lines, annual capacity of approximately 150 million square meters, employs around 5,200 people, and exports to over 100 countries. Powered by China's pioneering ultra-thin slab mass production technology, the industry's first hydrogen zero-carbon combustion kiln, and its status as an official supplier to the Hangzhou Asian Games, Monalisa is accelerating its transformation from a traditional tile manufacturer into a leading provider of premium slab and whole-home material solutions.

Strengths: Monalisa's core strength lies in its leading position in China's architectural ceramics and sintered stone sector, combined with technological excellence. It pioneered mass production of 3mm ultra-thin slabs and built the industry's first hydrogen zero-carbon kiln, creating differentiated barriers in green manufacturing and product innovation. Its four modern bases, over 30 production lines, and 150 million square meters of annual capacity generate powerful economies of scale. As an official supplier to the Hangzhou Asian Games, the brand enjoys strong recognition among both consumers and B2B clients, with its sintered stone products successfully penetrating the high-end whole-home custom market, covering applications from floors and walls to countertops and cabinet facings.

Weaknesses: Monalisa's primary weaknesses include heavy dependence on China's real estate and construction markets, with significant credit impairment losses incurred in recent years due to deep ties with top developers (e.g., Evergrande, Sunac), leading to volatile net profits and margin pressure during the transition period. Domestic overcapacity in sintered stone has triggered intense price competition in standard-sized slabs, squeezing gross margins. Its brand premium in overseas markets still lags behind Italian and Spanish slab giants, while the strategic shift from project-based business to retail and whole-home solutions remains in a painful adjustment phase, with new business segments yet to contribute meaningfully to revenue.

Business Nature

Self-owned manufacturing as the core operating model. Mona Lisa maintains a heavy reliance on its proprietary production bases, with full control over core formulations and pressing/firing technologies.

Core Business Areas

Stone, Wood & Flooring Engineered Stone Porcelain Slab Tiles 6mm/12mm and beyond [Core Business]: Mona Lisa is a pioneer in China's porcelain slab market, operating multiple specialized slab production lines. The company offers a full spectrum of large-format slabs up to 3600×1600mm and beyond, primarily serving floor installations, feature walls, and whole-home customization. Thin Sintered Stone 3mm/5.5mm [Core Business]: This represents its signature innovative product—the ultra-thin ceramic board. Combining a lightweight profile with exceptional strength, it has significantly expanded the application of sintered stone into cabinet door veneers, ceiling paneling, and exterior wall insulation-decoration integrated systems also known as VOCIP/WIC systems. Microcrystal Composite Stone: A high-end polished engineered stone tile featuring a composite microcrystalline glass surface layer, which was once one of the company's flagship premium product lines.

Industry Rankings

10Ranking List of Manufacturers in the Stone, Wood & Flooring Industry

Mfr

Corporate Report

Mona Lisa Group Co., Ltd. (Stock Code: 002918) is an absolute leading enterprise in China's building ceramics industry and a pioneer and standard-setter in the "porcelain slab" field. Founded in 1992, headquartered in Nanhai District, Foshan, Guangdong Province, listed on the Shenzhen Stock Exchange. After more than thirty years of development, Mona Lisa has grown into a benchmark enterprise in China's high-end tiles and large-format porcelain slab manufacturing, with annual revenue of 4.5 to 5 billion RMB. The 2024 comprehensive popularity score reached 860 points, firmly ranking in the first tier of domestic ceramic building materials brands.

Core Business

Starting from traditional polished tiles, Mona Lisa has fully transformed into a comprehensive supplier of large-format porcelain slabs and high-end tiles. The company's core products include: full range of ceramic tiles, polished glazed tiles, antique tiles, anti-slip floor tiles, etc., as well as porcelain slabs (Porcelain Slab) widely used in floors, walls and custom home furnishing (6mm/12mm/15mm specifications). Notably, Mona Lisa is among the first batch of Chinese enterprises to break through 3mm ultra-thin porcelain slab mass production technology, with its ultra-thin slabs (Thin Sintered Stone) mainly applied to cabinet door panels and furniture surfaces. The company also produces porcelain slab feature walls, indoor decorative ceramic thin panels, kitchen antibacterial slab countertops, backsplashes, etc., with product lines deeply covering interior and exterior building walls, floors and custom home furnishing, achieving strategic leap from "building materials" to "comprehensive home furnishing materials".

Global Presence

Mona Lisa has 4 major modern core production bases in China, located in Foshan, Guangdong (Xiqiao headquarters), Qingyuan, Guangdong, Tangxian, Guangxi and Gao'an, Jiangxi. The company currently has over 30 modern building ceramics and porcelain slab production lines, with annual production capacity of approximately 150 million square meters, making it one of the enterprises with the largest mass production capacity for super-large format (such as 1600×3200mm) and ultra-thin (3mm) porcelain slabs in China. In terms of marketing network, Mona Lisa's products have been exported to cover over 100 countries and regions globally, with major markets including Southeast Asia, Middle East and some European and American markets. The company currently has approximately 5,200 to 5,500 employees, making it a capital-intensive, high-tech barrier manufacturing enterprise with a global supply chain layout.

Key Strengths

Mona Lisa's core competitiveness is reflected in three dimensions: First, technology leadership, the company introduced world-class equipment such as Italian SACMI 10,000-ton presses, maintaining absolute domestic leadership in large-format porcelain slab and ultra-thin slab mass production technology, and successfully achieved hydrogen-fired kiln ignition, leading the building ceramics industry in zero-carbon transformation; Second, brand momentum, as the official exclusive supplier of the Hangzhou Asian Games, Mona Lisa possesses extremely high national recognition and brand premium capability in both B-end engineering and C-end retail markets; Third, product innovation, the company has successfully developed antibacterial, high-wear-resistant, bendable 3mm flexible porcelain slabs, widely entering the high-end custom home furnishing market. Although firmly ranked among the "top three" in the domestic high-end market (alongside Marco Polo and Dongpeng), there is still room for catching up with international porcelain slab giants like Italian Laminam and Spanish Cosentino in terms of overseas brand search popularity and global premium capability.

VerityRank Score

VerityRank Score of 85/100

VerityRank Score

85/ 100

Based on market presence, financial scale, operational capacity, and brand strength.

Quick Facts

Headquarters

Foshan, Guangdong, China

Founded

1992

Employees

5.2K+

Listing

Publicly Listed

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: SZSE：002918

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