2016 annual report of the hottest powder coating l

2022-08-23
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In 2016, Haier New materials was published by Haier Group incubation report

2016 annual report of powder coating listed enterprises

May 10, 2017

[China coating information]

in April, all listed enterprises in the powder coating field have disclosed their 2016 annual reports. Next, let's take a brief look at the performance of some selected enterprises in 2016

Anhui Shenjian new materials Co., Ltd. (002361)

during the reporting period, the company achieved an operating income of 141.3161 million yuan, an increase of 19.89% over the previous year; The net profit attributable to the shareholders of the listed company was 168.9143 million yuan, an increase of 44.58% over the previous year; The net profit after deducting non recurring profit and loss was 160.4467 million yuan, an increase of 48.92% over the previous year. By the end of 2016, the total assets of the company were 2600430200 yuan, and the net assets attributable to shareholders of listed companies were 1849.0845 million yuan, an increase of 7.30% year-on-year. The company's assets are in good condition, its financial control is reasonable, and its financial strength is further enhanced

Anhui Meijia new materials Co., Ltd. (neeq:831053)

during the reporting period, the international and domestic macroeconomic environment was extremely unstable, the domestic economy was still in the transition period, the economic downward pressure was great, the price of raw materials continued to rise, and the price of products continued to decline. In the face of such a complex environment, the company achieved an operating income of 516040205.90 yuan during the reporting period by strengthening market development, customer service, and quality control, An increase of 12.21% over the same period last year; The gross profit margin was 13.94%, a decrease of 1.70% over the same period last year; The net profit attributable to the shareholders of the listed company was 25687179.60 yuan, a decrease of 22.81% over the same period last year

the project of raising and investing polyester resin with an annual output of 20000 tons and the project of epoxy resin with an annual output of 50000 tons are progressing smoothly. The construction of the new project provides a strong guarantee for expanding the scale of the company, improving the process level, extending the product industry chain, improving product quality, reducing the cost of powder coating, increasing the experimental requirements required by customers, and strengthening the overall market competitiveness of the company

Zhaoqing Qianjiang High Tech Materials Technology Co., Ltd. (neeq:836759)

since 2016, due to the impact of market environment and policy factors and the sharp rise in raw material prices, the overall development pace of the coating industry has slowed down, and the industry performance has been affected to a certain extent. Although the company is also affected by fluctuations, the overall level is still above the medium level in the same industry. During the reporting period, the company achieved an operating income of 222.7635 million yuan, a decrease of 4.78% over the same period last year; The total profit was 10.0456 million yuan, a decrease of 40.85% over the same period last year; The net profit was 9.0999 million yuan, a decrease of 39.49% over the same period last year

new China France polymer materials Co., Ltd. (neeq:836931)

during the reporting period, the company's production and operation were good, and its main business remained unchanged, still being the R & D, production and sales of saturated polyester resin, powder coating and additives. The company achieved an operating revenue of 440.051 million yuan, up 3.33% year-on-year. The net profit was 36.5675 million yuan, an increase of 165.59% over the same period last year. At the same time, the company completed the transfer of 100% equity of Hangzhou Canaan Chemical Co., Ltd. and the company's office building and supporting facilities in Room 401, No. 2, Guanyi back, Shangcheng District, Hangzhou, further optimizing the company's capital structure

Anhui Shanfu New Material Technology Co., Ltd. (neeq:870527)

during the reporting period, the company operated normally and its main revenue increased steadily. In 2016, the company produced 25000 tons of epoxy resin products and sold 24600 tons of epoxy resin products. The sales revenue was 245.68 million yuan, forcing the dispersion of glass fiber. Strict management of projects under construction was carried out to ensure that the project was completed and put into operation on schedule. In 2016, the solvent epoxy resin production workshop project was completed and pilot production was completed in June after overcoming financial and technical difficulties

in this period, the price of raw materials fluctuated greatly, the market of epoxy resin industry was depressed, the sales unit price decreased more than that in the same period, while the unit cost decreased not much, resulting in the decline of operating gross profit. Although the three fees also decreased compared with that in the same period, it was still unable to reverse the downward trend of operating profit, resulting in the decline of net profit

in terms of operating income, Anhui Shenjian, Anhui Meijia and new China France all increased, while Qianjiang high tech and Anhui Shanfu decreased. In terms of profits, Anhui Shenjian and new China and France, two enterprises with polyester as their main business, have increased, while Anhui Meijia, Qianjiang high tech and Anhui Shanfu have decreased compared with the same period last year. For the future risk factors, the main ones are the fluctuation of raw material prices, environmental protection and the slowdown of downstream growth

risks faced by future industry development

(1) raw material price fluctuation

several enterprises mentioned the risk of raw material price fluctuation in their annual reports. Powder coating related industries are greatly affected by raw material price fluctuation, and the direct material cost accounts for a high proportion of the main business cost. Take Shanfu and Meijia as examples, the main raw materials used in Anhui Shanfu production are bisphenol A, epichlorohydrin, liquid epoxy resin, etc. during the reporting period, The direct material cost of the company accounts for 94.07% of the main business cost; The main raw materials of Anhui Meijia are bisphenol A, epichlorohydrin, polyester resin, titanium dioxide, barium sulfate, etc. during the reporting period, the direct material cost of the company accounted for 92.72% of the main business cost. If the price of raw materials continues to rise, raw material procurement will occupy more funds, thus increasing the company's liquidity pressure. If the price of raw materials returns to the downward trend in the future, the products will still face the risk of price decline

(2) environmental protection

with the enhancement of environmental protection awareness in the whole society, the national requirements for environmental protection will be more stringent, and more stringent environmental protection standards may be issued in the future, putting forward higher environmental protection requirements for production enterprises in the chemical industry. The improvement of environmental protection standards requires the company to further increase environmental protection investment and increase operating costs, which may have a certain impact on the profit level of powder coating related industries

(3) fluctuations in downstream industries

in the future, with the impact of factors such as the slowdown of domestic GDP growth and the stagnation of real estate growth, the growth of powder coatings is also facing the risk of slowdown. At the same time, there may be overcapacity and intensified market competition among enterprises in the same industry, which will have an impact on operating revenue and profits

industry development opportunities

in recent years, national and local governments have issued policies to promote the treatment of volatile organic compounds pollution, improve the VOCs limit standards for products such as coating Dr. Song Rensheng, School of chemical engineering and chemistry, Harbin University of technology, and encourage the promotion and use of powder coatings and water-based coatings with low VOC emissions, which has brought great business opportunities to the powder coating industry. Relying on the mature coating process and cost advantages, powder coatings have been widely used in the fields of building profiles, automobile hubs, oil and gas pipelines, and their own industrial chains are fully equipped. The national standard "green product evaluation coatings" formulated since last year defines the green identity of powder coatings, and the next few years will be the best opportunity for the development of powder coatings

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