Chervon

OverviewSuggest Edit

Chervon Holdings is a company focused on handheld power tools, bench tools, and outdoor power equipment. It offers hand-held corded and cordless portable power tools, stationary bench tools, laser and electronic power tools, and cordless outdoor power equipment. Its brands include EGO, FLEX, DEVON and HAMMERHEAD, and X-TRON.

TypePublic
Founded1994
HQNanjing, CN
Websiteglobal.chervongroup.com

Latest Updates

Employees (est.) (Dec 2021)4,073(-19%)
Revenue (FY, 2020)$1.2 B(+43%)
Share Price (Jun 2022)$44.1(-3%)
Cybersecurity ratingBMore
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Key People/Management at Chervon

Pan Longquan

Pan Longquan

Principal Founder, Executive Director, Chairman and Chief Executive Officer
Zhang Tong

Zhang Tong

Co-Founder, Executive Director and Executive Vice President for the North America Sales & Marketing
Ke Zuqian

Ke Zuqian

Co-Founder, Executive Director and Executive Vice President for Manufacturing and Supply Chain
Tian Ming

Tian Ming

Independent Non-Executive Director
Li Minghui

Li Minghui

Independent Non-Executive Director
Jiang Li

Jiang Li

Independent Non-Executive Director
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Chervon Office Locations

Chervon has offices in Nanjing, Naperville, Hong Kong and High Wycombe
Nanjing, CN (HQ)
No. 99, West Tian-Yuan Rd. Jiangning Economic & Technical Development Zone
Nanjing, CN
No. 159, Jiang-Jun Avenue Jiangning Economic & Technical Development Zone
Nanjing, CN
No. 529, Jiang-Jun Avenue Jiangning Economic & Technical Development Zone
Hong Kong, HK
Unit 04, 22/F, Saxon Tower 7 Cheung Shun Street Lai Chi Kok Kowloon
High Wycombe, GB
Unit 8 Anglo Office Park Lincoln Road
Naperville, IL, US
1203 E Warrenville Rd
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Chervon Financials and Metrics

Chervon Revenue

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View revenue for all periods
Chervon's revenue was reported to be $1.2 b in FY, 2020 which is a 42.4% increase from the previous period.
USD

Revenue (H1, 2021)

868.8m

Gross profit (H1, 2021)

251.1m

Gross profit margin (H1, 2021), %

28.9%

Net income (H1, 2021)

91.2m

EBIT (H1, 2021)

115.9m

Market capitalization (30-Jun-2022)

21.1b

Closing stock price (30-Jun-2022)

44.1

Cash (30-Jun-2021)

238.6m

EV

21.3b
Chervon's current market capitalization is $21.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

690.7m843.6m1.2b

Revenue growth, %

22%42%

Cost of goods sold

515.2m588.3m832.2m

Gross profit

175.5m255.3m368.7m
Half Year
USDH1, 2020H1, 2021

Revenue

514.4m868.8m

Cost of goods sold

366.7m617.7m

Gross profit

147.7m251.1m

Gross profit Margin, %

29%29%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

73.3m94.1m166.9m

Accounts Receivable

119.4m130.9m249.6m

Prepaid Expenses

2.3m3.3m3.2m

Inventories

214.9m297.6m288.7m
Half Year
USDH1, 2021

Cash

238.6m

Accounts Receivable

310.4m

Prepaid Expenses

6.9m

Inventories

378.9m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(13.5m)36.1m48.4m

Depreciation and Amortization

22.4m21.0m21.7m

Inventories

(25.4m)(84.9m)8.3m

Accounts Payable

8.6m24.9m83.7m
Half Year
USDH1, 2020H1, 2021

Net Income

20.5m91.2m

Depreciation and Amortization

10.6m12.9m

Inventories

78.1m(89.7m)

Accounts Payable

23.2m99.9m
USDFY, 2018

Debt/Equity

2.1 x

Debt/Assets

0.5 x

Financial Leverage

4.5 x
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Chervon Acquisitions / Subsidiaries

Company NameDateDeal Size
Nanjing Bovon Power Tools Co., Ltd.December 31, 2019
SKIL B.V.February 24, 2017
Chervon Australia PTY Limited
Chervon Canada Inc.
Chervon (China) Investment Co., Ltd.
Chervon (China) Tools Sales Co., Ltd.
Chervon (China) Trading Co., Ltd.
Chervon Europe Limited
Chervon GmbH
Chervon (HK) Ltd.
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Chervon Revenue Breakdown

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Chervon revenue breakdown by business segment: 55.0% from Power tools, 44.4% from Outdoor power equipment and 0.5% from Other

Chervon revenue breakdown by geographic segment: 5.8% from China, 66.5% from North America, 24.8% from Europe and 3.0% from Other

Chervon Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Chervon Online and Social Media Presence

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Chervon News and Updates

Dow Jones Newswires: Shares of power-tool supplier Chervon Holdings gain in Hong Kong debut

Shares of Chervon Holdings Ltd. rose in their Hong Kong debut, after the power-tool supplier raised 2.96 billion Hong Kong dollars (US$379.6 million) in net proceeds from an initial public offering.

Lowe’s Supplier Chervon Rises In Hong Kong Debut, Minting New China Billionaire

China is home to the world's second-largest number of billionaires after the United States

Lowe’s Supplier May Give Rise To China’s Latest Billionaire Through Chervon IPO

China is home to the world's second-largest number of billionaires after the United States

Accountants' Report

The consolidated financial statements of the Group for the Relevant Periods, on which the Historical Financial Information is based, were audited by KPMG Huazhen LLP in accordance with Hong Kong Standards on Auditing issued by the HKICPA (the “Underlying Financial Statements”).

PRC Legal Opinion

根据泉峰控股与本所签订的《专项法律顾问协议》,泉峰控股聘请本所担任其本次发行上市的中国法律顾问,为发行人提供本次发行上市与中国法律法规相关的法律服务,包括但不限于就泉峰控股的境内子公司在中国境内的权益及其在中国境内从事的业务活动等中国法律事宜出具法律意见书(以下简称“本法律意见书”)。

Industry Report

As at the end of 2020, Chervon ranked the 2nd place in the global electric outdoor power equipment market with a revenue of approximately USD533.7 million and accounted a market share of approximately 11.4%. Besides, Chervon ranked the 1st place in terms of the CAGR of approximately 62.8% between 20…
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Chervon Frequently Asked Questions

  • When was Chervon founded?

    Chervon was founded in 1994.

  • Who are Chervon key executives?

    Chervon's key executives are Pan Longquan, Zhang Tong and Ke Zuqian.

  • How many employees does Chervon have?

    Chervon has 4,073 employees.

  • What is Chervon revenue?

    Latest Chervon annual revenue is $1.2 b.

  • What is Chervon revenue per employee?

    Latest Chervon revenue per employee is $294.8 k.

  • Who are Chervon competitors?

    Competitors of Chervon include Toolstation, Koki Holdings and Metabo.

  • Where is Chervon headquarters?

    Chervon headquarters is located at No. 99, West Tian-Yuan Rd. Jiangning Economic & Technical Development Zone, Nanjing.

  • Where are Chervon offices?

    Chervon has offices in Nanjing, Naperville, Hong Kong and High Wycombe.

  • How many offices does Chervon have?

    Chervon has 6 offices.