Businesses . . . China Tu Chemical's fiscal 2020 revenue of $812 million, China's results down 21.1%

May 11, China Paint Co., Ltd(CMD, hereinafter referred to as "Tu Chemical") announced financial results for fiscal year 2020, full-year sales revenue of 87.729 billion yen (US $ 811.6 million), up fell 0.8%; operating profit of 3.498 billion yen in the previous fiscal year -5.88 one hundred million yen; operating profit of 4.065 billion yen, the last fiscal year to 170 million yen; net profit of -0.71 billion yen, last fiscal year -7.10 billion yenTu Chemical said that in March 2020 period, the new coronavirus infection to expand the impact of the performance only slightly, sales, operating income, and profits often the last published forecast roughly similarOn the other hand, as announced on March 31 this year, since the fourth quarter included a special loss Net profit attributable to shareholders is far lower than the previous forecast publishedfrom regional sales point of view, the chemical coating fiscal year 2020 Japan 35.389 billion yen, an increase of 2.2%; in China 18.419 billion yen, down 21.1%; South Korea region 7.317 billion yen, an increase of 24.1 %; Southeast Asia 12.665 billion yen, an increase of 10.1%; Europe and the US 13.937 billion yen, an increase of 6.6%from each business segment sales point of view, painted in 2019 chemical marine coatings 70.274 billion yen, an increase of 9.17%; industrial coatings 12.353 billion yen, down 1.8%; container coatings 4.772 billion yen, down 145.62%; other coatings business 3.28 billion yen, flatTu Chemical said that thanks to the expansion of new shipbuilding, marine coatings to achieve sales growth; due to intense price competition, market demand has been suppressed, container coatings sales also fellTherefore, China, sales of 18.419 billion yen (about 1.2073 billion yuan), down 21.1%; although the decline in sales, fierce price competition, but due to the decline in raw material prices, and therefore of loss narrowed to 1.076 billion yen, on a fiscal year loss of 1.322 billion yenfrom each business segment sales in China of view, marine coatings business in 2019 achieved sales of 13.498 billion yen, an increase of 14.72%; industrial coatings sales of 916 million yen, down 19.32 percent year on year; sales of container coatings the amount of 4.004 billion yen, down 168.03 percent year on yearTu Chemical expected, fiscal year 2021 sales revenue of 800-820 billion yen, down 6.5% -8.8% year on year; operating profit of 3 billion yen -50 billion yen, an increase of -14.3% -42.9 %; operating profit of 3.2 billion yen -52 billion yen, an increase of -21.3% -27.9%; net profit of 1.9 billion yen -31 billion yen, an increase of 32.64% -53.25%