Air China's first-half revenue fell 31% and it plans to enter the field of warship coatings.

On August 25th, Air China (430056) announced its 2020 half-yearly report.
company achieved sales revenue of RMB52.9193 million in the first half of 2020, a decrease of 31.16% YoY, of which PV coating revenue decreased by 66.43% YoY and material sales revenue decreased by 30.52% YoY.
net profit was RMB1963.28 million, a decrease of 84.73 percent year-on-year.
earnings per share were -0.18 yuan, compared with -0.1 yuan a year earlier, a decrease of 84.73 percent year-on-year.
Operating income decreased by 31.16% year-on-year in the current period, due to the impact of the main market environment and the epidemic, and the decline in the volume of coatings and bridge engineering business, while net profit decreased by 84.73% year-on-year, mainly due to the impact of the epidemic and a significant decrease in revenue.
operating net cash flow for the current period was $11.3114 million, an increase of $37.1857 million over the same period a year earlier, resulting from a significant reduction in raw material procurement and the withdrawal of arrears receivable during the main outbreak.
reporting period, the military sector to overcome the outbreak brought about by the shortage of raw materials, transportation difficulties, limited field visits and other adverse factors, through online exchanges, simulation of the work model of large business departments, to achieve production and marketing one-stop, to ensure product delivery.
At the same time make full use of the resources of the Aviation Academy, in the form of a small exchange will be the design institute, host plant related personnel invited to Beijing or off-site (Tianjin, Hebei) to communicate, targeted product performance improvement, has made a breakthrough in the floor construction, military coating and other fields;
the first half of the energy conservation and environmental protection sector was affected by the outbreak, but the overall signing situation is good, in the field of bridges, VCI, water and new product areas of promotion and application has a major breakthrough.
stable output in the field of bridges, newly signed Qiantang River Bridge (China Railway Mountain Bridge, Shanghai-Ning Steel Machine), Zheng Ji Huanghe Bridge, Xijiang Bridge, Xiong'an Station and other key projects were successfully implemented.
VCI product field in the traffic guardrail, national network and other industries to promote the application, with the demonstration base to maintain close cooperation to complete the delivery of orders.
breakthrough in water-based and new product areas, water-based PVDC, graphene products are steadily promoting, for the company's follow-up development to lay a solid foundation.
new progress in the company's technology research and development.
application project of intelligent operation and operation technology of the Hong Kong-Zhuhai-Macao Bridge is progressing smoothly, and the Tianjin verification field has entered the construction preparation stage.
Beijing-Tianjin-Hebei collaborative innovation "alternative hot-soaked zinc graphene VCI piece zinc technology" project, the Group Innovation Fund "fourth generation engine fire protection coating" project, Beijing Ancient Construction Institute "relics fire protection coating" project have entered the acceptance stage.
graphene coatings, water-based coatings successfully entered the marketing stage, graphene coatings in Fusha high-speed rail Quanzhou Bay, An bay project railway steel bridge field for the first time.
and incorporated graphene VCI technology into the new Q/CR 749.2 standard, which has been successfully tested in various relevant units.
August 25, Air China New Materials (430056) issued a notice that in recent years, although the military sector market is relatively stable, but the market is mainly in the aviation sector, the market scope is narrow, market share is small.
In order to give full play to the company's product and technology advantages, the company and the main military products and technologies of the Academy of Aeronautical Materials in the non-aeronautical field, especially in the field of ships for application and promotion, in order to further expand the military sector coatings market.
Company and "Tianjin and Feng Technology Center" to form "Beijing Sea, Land and Sea Technology Co., Ltd.", give full play to its market resources in the field of ships and the company's products, technology advantages, the formation of non-aeronautical, especially in the field of new business breakthroughs, the development of new economic growth points, with a view to mutual benefit and win-win situation.
Beijing Air and Sea Materials Technology Co., Ltd., registered on July 9, 2020, registered capital of 10 million yuan, of which the company contributed 5.1 million yuan, accounting for 51% of the registered capital, Tianjin and Feng Technology Center (limited partnership) contributed 4.9 million yuan, accounting for 49% of the registered capital.
Business scope: Technology development, technical consulting, technical exchange, technology transfer, technology promotion, technical services; sales of building materials (excluding sandstone and gravel products), civil aviation materials, new metal functional materials, chemical products; domestic trade agents; basic software services; application software services; information technology consulting services.
Tianjin and Feng Technology Center (limited partnership), registered capital of 5 million yuan, the actual controller Li Yongqiu.
main business: technical services, technology development, technical advice, technology exchange, technology transfer, technology promotion;
said that the foreign investment is based on the company's business development planning, to achieve the company's strategic layout.
the establishment of this holding company is conducive to the company's product extension and expansion, improve the company's comprehensive competitiveness, promote the company's long-term sustainable development.
foreign investment based on the company's future development strategy needs, is conducive to the company to expand the non-aeronautical market, to help achieve business objectives.
Air China New Materials was established in 1996, is China Aviation Research Institute beijing holding high-tech companies, aviation coatings as the core technology, expand the non-aeronautical field and high-end civilian paint market, specializing in advanced functional coatings research and development, production, sales, and to undertake anti-corrosion, insulation, waterproof and other large-scale national projects.
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