Analysis of the development status and trend of China's coatings industry, Oriental Yuhong performed better

[ Market analysis of chemical machinery equipment network ]
 

Introduction to the industrial chain of the coating industry
 

The upstream industries of the coatings industry include the manufacturing of chemical raw materials such as resins, solvents, pigments, fillers, and additives, while the upstream of chemical raw materials such as resins and solvents is the petrochemical industry.
The downstream of the coatings industry is mainly manufacturers of construction, furniture, automobiles, home appliances and home decoration markets.

 

The impact of upstream raw materials on the industry is mainly reflected in two aspects: first, the stability of the output scale affects the stability of the supply of raw materials in the coating industry; second, the price of raw materials affects the production cost of coatings.
The influence of the downstream product market on the coatings industry is mainly reflected in the market scale and development trend of the coatings.

China's paint output has exceeded 24 million tons
 

my country's paint output and operating rate have rebounded in recent years, and the market has great potential for development.
From the perspective of supply, from 2014 to 2019, the output of China's coatings industry has increased year by year.
In 2019, the output has reached 24.
388 million tons, a slight increase from 2018, an increase of 2.
60% year-on-year; the average annual compound growth rate is 9.
27%.

　　The market competition pattern of China's coatings industry
 

　　There are many companies participating in the market competition in the coatings industry, and the industry competition is fierce.
With sufficient market competition, the industry's market share has gradually concentrated to enterprises, and has shown a relatively obvious echelon level.

 

　　* Echelon companies: A full range of coatings industry products, with a certain strong position in the field of functional coatings and special coatings, such as PPG, Sherwin-Williams, Nippon, Akzo Nobel and other multinational coating groups.

 

　　Second-tier companies: They have strong competitive advantages in some subdivisions of the coatings industry, such as Carpoli, Sankeshu, Asia Chuangneng, China Resources Coatings, Oriental Yuhong and other companies.
Among them, the walls of the three trees Topcoat has a strong competitive advantage, and it will be listed in the market value ranking of listed coating companies in 2020.

 

　　Third-tier companies: obtain profits by producing low-quality and low-price products, and are at a disadvantage in terms of technical strength, production scale, research and development, etc.
, and their competitiveness is relatively weak; a large number of small domestic paint manufacturers are in the third tier.

　　Performance of China's local coatings listed companies
 

　　In the first half of 2020, among the domestic listed paint companies in China, Oriental Yuhong had a high operating income, reaching 8.
783 billion yuan, far behind other companies; followed by Keshun shares and Sankeshu with operating income of 2.
659 billion yuan and 2.
595 billion yuan, respectively.
yuan.

 

　　Among the top 5 domestic coatings listed companies in the top 5 revenue in the first half of 2020, the operating revenue of Keshun Co.
, Ltd.
increased significantly year-on-year, reaching 34.
70%; while China Electric Research Institute achieved negative growth, with operating revenue of 1.
086 billion yuan in the first half of the year, a year-on-year decrease of 21.
76%.

　　In the first half of 2020, the trend of net profit of listed coatings companies is basically consistent with operating income.
The top three are Dongfang Yuhong, Keshun shares and China Electric Power Research Institute, with net profits of 1.
097 billion yuan, 290 million yuan and 129 million yuan.
.
Asia Chuangneng achieved a net profit of 111 million yuan in the first half of the year*4, and Feikai Materials achieved a net profit of 110 million yuan in the first half of the year, slightly exceeding Sankeshu’s 109 million yuan, *5.

　　Trend Analysis of China's Coatings Industry
 

　　The "13th Five-Year Plan for China's Coatings Industry" pointed out that benefiting from both industrial and civil demand, during the "13th Five-Year Plan" period, the industry's total economic output maintained steady growth, with an average annual growth rate of about 6.
5%.
By 2023, the total output value of the coatings industry is expected to grow to about 690 billion yuan; the output is calculated at an average annual growth rate of 5%.
By 2020, the total output of the coatings industry is expected to increase to about 27 million tons.
Considering that the growth rate of China's paint production in 2019 is only 2.
60%, and the continuous impact of the new coronavirus pneumonia epidemic in 2020, the factory operating rate will be greatly affected.
It is expected that the paint output will decline to 23 million tons in 2020.
about.
In the future, China's paint output will grow at a compound growth rate of 2.
6%.
By 2025, the national paint output will be close to 27 million tons.

　　The above data and analysis sources refer to the "China Coating Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" released by the Foresight Industry Research Institute.

 

　　Original title: Analysis of the development status and trend of China's coatings industry in 2020.
Oriental Yuhong performs better in local coatings