Annual report of Chongqing Three Gorges a ① net profit decreased by 44% last year, and the revenue of paint and coating is expected to exceed 500 million this year

In the evening of March 20, Chongqing Three Gorges a (000565) released its 2018 annual report, realizing revenue of 631 million yuan, a year-on-year decrease of 82.51%, net profit attributable to shareholders of listed companies of 45.22 million yuan, a year-on-year decrease of 44.26%, earnings per share of 0.10 yuan, and cash dividend of 0.13 yuan (including tax) per 10 shares The net profit excluding non recurring profit and loss attributable to shareholders of listed company of Chongqing Sanxia A is 36.69 million yuan, down 31.53% year on year It is understood that the reason for the year-on-year decrease of net profit of Chongqing Three Gorges a2018 is mainly due to the influence of the year-on-year decrease of 95% in chemical trade income In 2019, Chongqing Three Gorges a paint coating manufacturing revenue target is more than 500 million yuan The revenue of chemical trade decreased by 95% year on year, Yu Sanxia a said that the company is the comprehensive coating manufacturer with the largest production scale and the most complete varieties among the state-owned holding enterprises in the coating industry in China The company has production bases in Chongqing, Sichuan, Xinjiang and other places Its main products are "Three Gorges" paint and coating It produces and sells five series of products of "Three Gorges" anticorrosive paint, automobile paint, general paint, construction paint and furniture paint all year round The company's products support Tiangong-1 target aircraft, Shenzhou spacecraft and long march-2f carrier rocket, and make important contributions to the success of the first manned rendezvous and docking mission In 2018, the operating revenue was 631 million yuan, a year-on-year decrease of 82.51%, of which 480 million yuan was realized in paint and coating manufacturing industry, a year-on-year increase of 6.61%, and 151 million yuan in chemical trade, a year-on-year decrease of 95.21% The operating cost of Chongqing Three Gorges A is 483 million yuan, a year-on-year decrease of 85.89%, which is mainly due to the impact of a year-on-year decrease of 95.27% in chemical trade; the net profit attributable to shareholders of listed companies is 45.22 million yuan, a year-on-year decrease of 44.26%, which is mainly due to a year-on-year decrease of 92.32% in chemical trade According to Chongqing Sanxia a, the main reason for the change is to focus on the development of paint and coating business, prevent chemical trade risks, ensure capital security and significantly reduce the impact of chemical trade business of wholly-owned subsidiary chemical company, which was formulated by the board of directors at the beginning of the year The net cash flow from operating activities was 24.94 million yuan, down 54.03% year on year At the end of the reporting period, the company's total assets were 1.46872 billion yuan, down 6.51% from the beginning of the period, and the net assets attributable to shareholders of the listed company were 1.079 billion yuan, up 3.18% from the beginning of the period This year's paint and coating manufacturing revenue target is more than 500 million For 2019, Chongqing Development said, the downward pressure on the economy is still large, the environmental protection storm continues to upgrade, and the coating industry has entered a critical period of rapid transformation Under the new situation, the company will focus on the high-quality development and main business development strategy, accelerate green development, actively promote comprehensive innovation with scientific and technological innovation as the core, explore and implement marketing innovation, incentive innovation and management innovation mode, accelerate regional layout, and make the main business bigger and stronger In 2019, the company will continue to focus on the paint and coating business, accelerate the comprehensive marketing of new products represented by waterborne alkyd industrial coatings and graphene coatings; the operating revenue of paint and coating manufacturing industry will exceed 500 million yuan, and the chemical trade business will carry out business under the premise of ensuring capital safety and risk control, so as to achieve high-quality development of the company's business At the end of last year, the number of shareholders of Chongqing Three Gorges a was 40738, compared with 39698 at the end of February this year, a slight decrease.