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China Coatings Network
News: Under the background of the domestic economy entering the "normalization" development, the real estate industry investment growth rate continued to decline, to
coatings
and
titanium dioxide
industry development has caused a great impact, it is understood that in the first half of 2015, due to market demand, the total amount of paint in April and May fell in a single month, January to May paint production growth also fell to 5%. The decline in market demand, so that many
coatings enterprises
feel that the market pressure is growing, the development space of enterprises is getting smaller and smaller, the industry complaints can be said to be the ups and downs. So what is the development of the domestic paint market in the first half of 2015? Below we will be from some paint companies announced half-year results forecast to do a detailed analysis of it.
1, Fujian
Thye Tree Coatings Co., Ltd.
in the first half of this year sales revenue, profit growth, tax three indicators have achieved substantial growth, of which, sales, profits have reached more than 30% growth;
2, Cofu shares issued the first half of 2015 earnings forecast, according to the company's financial department preliminary estimates, the 2015 half-year operating income is expected to be 26.1 million yuan, compared with the same period last year, an increase of about 28.5%; Net profit is expected to be RMB4.5 million, an increase of about 1500% compared with the same period last year;
3, Chongqing Three Gorges
Passing
Co., Ltd. attributable to the shareholders of listed companies net profit: 145 million yuan - 153 million yuan, an increase over the same period last year: 382%-409%;
4, Shanghai Jinlitai (8.320, -0.02, -0.24%) Chemical Co., Ltd. in the first half of 2015 attributable to the shareholders of listed companies net profit of 46.3872 million yuan - 32.471 million yuan, down 0%-30% from the same period last year.
5, PPG Industries (NYSE: PPG) recently reported net sales of $4.1 billion in continuing operations in the second quarter of 2015, up $18 million, or 1 percent, from $4.08 billion a year earlier. The high-performance coatings business reported net profit of $411 million in the second quarter, up $38 million from a year earlier and up 10 percent from a year earlier.
From the above-mentioned companies announced the results of the forecast, although the first half of 2015 domestic paint industry production growth rate has slowed, and monthly paint production also showed a decline year-on-year, but from the performance of paint enterprises, the first half of the development of large enterprises is more ideal.
Among the above five paint enterprises, only Shanghai Jinlitai's performance is at risk of decline, the following two reasons, first, in the first half of 2015, due to the adverse impact of the macroeconomic environment, the company's
automotive coatings
major market commercial vehicle market production and sales decreased year-on-year, so that the company's first half sales decreased year-on-year; Second, due to the company's investment in the controlling subsidiary of Shanghai Adler New Materials Technology Co., Ltd. and Shanghai Astai Jinlitai Coatings Co., Ltd. business is still in the early stage of development, the company's related costs and operating costs are higher, resulting in a reduction in the net profit of shareholders of listed companies.
and the performance of the company's main products are mainly construction and metal coatings, while Chongqing Three Gorges paint performance rose mainly due to the first half of the main paint business operating normally, stable growth in performance; In addition, the sale of 2.37 million shares held by Beijing Bei lu Pharmaceutical Co., Ltd. (39.900, 0.02, 0.05%) made an investment return of about 124 million yuan, which is one of the reasons for the rapid growth of the performance of the Three Gorges. Fujian
three trees
to
built coatings
as the main products, its performance of the substantial growth, but also inseparable from the development of the real estate industry.
Although the current domestic real estate industry fixed investment growth rate is still continuing to decline, but since 2015, the country's commercial housing sales area and sales have seen a substantial increase, which shows that the domestic real estate industry is gradually warming, and the real estate industry rebound, is bound to drive the development of the domestic construction coatings industry, architectural coatings enterprises will also benefit from it. It is expected that the growth rate of domestic construction coatings production in the second half of 2015 will exceed
growth rate of
production of industrial coatings.