The prefabricated service provider "Zhongyu Assembly" completed the B round of financing and invested in the construction of multiple manufacturing bases across the country

On November 5th, the manufacturer of prefabricated parts and components system "Zhongyu Assembly" announced that it has completed the B round of financing invested by Atypical Ventures. The funds are mainly used for new factories and product research and development. Prior to this, the company has completed 4 rounds of financing. The capitalists include Newcom Ventures, Chailu Capital, Ether Capital and Oasis Capital.

Wu Tangxiang, the founder of Zhongyu Assembly, revealed that Zhongyu Assembly has invested in the construction of a number of intelligent manufacturing bases for prefabricated parts and components throughout the country, and is constantly deploying new factories to reduce costs through large-scale and intelligent production. With self-developed industrial and intelligent assembly lines, the factory has achieved 24-hour uninterrupted production. In addition to the company owns the Yancheng intelligent manufacturing production base, the Xuzhou intelligent manufacturing production base will be put into operation within the year, covering an area of 100 acres, and the annual output value will reach 600 million yuan.

Founded in 2018, Zhongyu Assembly is engaged in the system manufacturing of prefabricated parts. Focus on the research and development of building materials and some parts, the optimization of intelligent assembly lines and the establishment of large-scale construction bases. It can provide users with parts and components products and full chain system solutions. Relying on the fully industrialized production model, Zhongyu Assembly has realized mass production and supply of products, which have been widely used in apartments, hotels, commercial spaces, commercial housing and many other fields.

The company's brands include Zhongyu, Zhongyu Assembly, Saint Boya Wall Panel, and Saint Boya Renewal. That is, prefabricated top surface system, prefabricated wall system, prefabricated floor system, integrated bathroom and integrated kitchen, including more than one hundred types of prefabricated decorative panels and structural parts, which are suitable for projects with short construction period, high requirements and standardization.

In recent times, the prefabricated decoration industry has been financing hot. Recently, Deformed Building Blocks announced that it has completed a B2 round of financing of more than 100 million yuan, and the total amount of round B financing has exceeded 250 million yuan. The assembly and decoration industry can be favored by capitalists. More often, in the era of the Internet of Everything, the decoration industry is full of pain. The Internet cannot fundamentally change this industry. Its innovation requires standardization and industrialization to reduce costs and improve efficiency. The standardization and individualization of prefabricated decoration do not conflict. Using standardized hard decoration to improve efficiency and personalized soft decoration to meet the pursuit of differentiation should be the reform direction of the decoration industry in the future.

The assembly and decoration industry once maintained the overall pattern of "large industry, small company", presenting phenomena such as high decoration unit prices, opaque information, and low consumption rates, which are inseparable from the high degree of non-standardization of design and construction. According to statistics, the total size of the public and home improvement markets in 2020 will be approximately 2.40 and 3.54 trillion yuan respectively, and the total annual market output value will be nearly 6 trillion yuan, accounting for about 6% of domestic GDP. As the current new direction of prefabricated decoration, building material manufacturers and decoration space providers are also accelerating the layout and transformation.

According to data from the China Building Decoration Association, the current domestic decoration market is 4 trillion yuan, and the market share of leading companies is less than 1%. Compared with the traditional decoration mode, the prefabricated decoration is still a relatively novel decoration method. The audience is smaller than the traditional decoration, but its development speed is fast and stable. Shenzhen City also issued the first "Technical Regulations for Indoor Prefabricated Decoration of Residential Buildings" this year, indicating that relevant laws and regulations have begun to be gradually improved. Assembly decoration is the product of refinement, systematization, specialization and innovation after the construction and decoration industry has developed to a certain level. Its rise provides new opportunities for the decoration industry and is very likely to lead the future development of the industry.