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On May 17, Feilu, the first stock of rail transit coatings, held the 2018 Annual General Meeting of Shareholders in its newly completed R&D and Testing Center building.
The meeting passed the "2018 Board of Directors Work Report", "Supervisory Board Work Report", and "Financial Final Accounts".
8 proposals including the Report, the Profit Distribution Plan, and the Annual Report.
In 2018, Feilu Co.
, Ltd.
achieved operating income of 383 million yuan, a year-on-year increase of 35.
2%, a three-year high; net profit of 25,274,400 yuan, a year-on-year decrease of 17.
55%.
In the first quarter of 2019, the company's revenue and net profit showed a positive momentum, with a year-on-year increase of 84.
93% and 29.
57% respectively.
The company intends to distribute cash dividends of 0.
5 yuan (tax included) to all shareholders for every 10 shares.
It is understood that Feilu Co.
, Ltd.
is a supplier of integrated solutions for the supply of anticorrosive coatings for domestic rail transit equipment, waterproof materials for rail construction projects and coating construction, and is the first listed company in the domestic rail transit coatings industry.
In 2018, Feilu's R&D investment amounted to 13.
937 million yuan, a year-on-year increase of 51%.
For new product development, the company adheres to market demand-oriented, and the main products are derived from the core technology transformation of independent research and development or the transformation of customer demand research and development.
Among them, the polymer composite material development and application project jointly carried out with CRRC Changjiang Company is the company’s new material industry development and key planning strategic new direction.
Once it succeeds, it will increase the load and reduce the overall weight of the vehicle.
Life cycle cost is expected to become a new growth point for the company in the future.
Independent research and development and technological innovation are conducive to fostering the advantages of Feilu's qualifications and core competitiveness, thereby stabilizing existing businesses and accepting new orders.
In 2018, the company won the bid for water-based coatings for urban rail vehicles in less than 2 months after obtaining the "Supplier Supporting License" issued by Puzhen, Nanjing; at the same time, in terms of rail transit engineering, an additional 1.
64 order for high-speed rail and subway was added.
Billion.
Under the expectation of increased railway investment, 2019 is expected to usher in the peak of high-speed rail mileage.
It is estimated that the mileage of high-speed rail in 2019/20 is expected to reach 4500/3000 kilometers, the demand for railway equipment is expected to increase, and the industry's prosperity is showing an upward trend.
In the context of steady economic development and national policy support, the future green and energy-saving coatings market will show greater room for development.
As the main promoter of localization and environmental protection in the field of high-end rail equipment coatings such as water-based train coatings, Feilu Co.
, Ltd.
makes full use of the advantages of industry associations and other platforms to actively create new business cards for environmental protection coatings.
Its self-developed water-based damping coatings and other series of products have been applied in batches on railway freight cars, railway passenger cars and urban rail vehicles.
It has won the bid for the water-based damping slurry coating project for 1,314 urban rail vehicles of CRRC Qingdao Sifang Company.
At the same time, Feilu has also extended its layout through acquisitions and cooperation.
In 2018, the company successfully completed the acquisition of 100% equity of Hunan Naisee.
Hunan Naozem became a wholly-owned subsidiary of the company, with revenue of 115 million yuan in 2018 and a net profit of 13 million yuan.
Industry insiders believe that the acquisition of Hunan Penetration by Feilu shares is a strong combination of rail transit waterproof materials.
The newly added waterproof membrane products not only expand the company's market area, but also realize product complementarity in the construction of high-speed railways, urban subways and other waterproof engineering fields, which will help the company integrate market resources and enhance the company's product market competitive advantage.
In terms of the company's future planning, Feilu has set six sub-development goals, including business market share, R&D project application promotion, and business segment sales.
Zhang Weiguo, chairman of Feilu Co.
, Ltd.
, said that he will continue to focus on the business of anti-corrosion coatings, waterproof materials, and special rubber products in the rail transit industry, and vigorously develop the business of new polymer materials such as composite materials mainly in the rail transit industry, and strive to become a domestic manufacturer.
The most professional anti-corrosion protection overall solution supplier and polymer new material supplier in the sub-industry.
The meeting passed the "2018 Board of Directors Work Report", "Supervisory Board Work Report", and "Financial Final Accounts".
8 proposals including the Report, the Profit Distribution Plan, and the Annual Report.
In 2018, Feilu Co.
, Ltd.
achieved operating income of 383 million yuan, a year-on-year increase of 35.
2%, a three-year high; net profit of 25,274,400 yuan, a year-on-year decrease of 17.
55%.
In the first quarter of 2019, the company's revenue and net profit showed a positive momentum, with a year-on-year increase of 84.
93% and 29.
57% respectively.
The company intends to distribute cash dividends of 0.
5 yuan (tax included) to all shareholders for every 10 shares.
It is understood that Feilu Co.
, Ltd.
is a supplier of integrated solutions for the supply of anticorrosive coatings for domestic rail transit equipment, waterproof materials for rail construction projects and coating construction, and is the first listed company in the domestic rail transit coatings industry.
In 2018, Feilu's R&D investment amounted to 13.
937 million yuan, a year-on-year increase of 51%.
For new product development, the company adheres to market demand-oriented, and the main products are derived from the core technology transformation of independent research and development or the transformation of customer demand research and development.
Among them, the polymer composite material development and application project jointly carried out with CRRC Changjiang Company is the company’s new material industry development and key planning strategic new direction.
Once it succeeds, it will increase the load and reduce the overall weight of the vehicle.
Life cycle cost is expected to become a new growth point for the company in the future.
Independent research and development and technological innovation are conducive to fostering the advantages of Feilu's qualifications and core competitiveness, thereby stabilizing existing businesses and accepting new orders.
In 2018, the company won the bid for water-based coatings for urban rail vehicles in less than 2 months after obtaining the "Supplier Supporting License" issued by Puzhen, Nanjing; at the same time, in terms of rail transit engineering, an additional 1.
64 order for high-speed rail and subway was added.
Billion.
Under the expectation of increased railway investment, 2019 is expected to usher in the peak of high-speed rail mileage.
It is estimated that the mileage of high-speed rail in 2019/20 is expected to reach 4500/3000 kilometers, the demand for railway equipment is expected to increase, and the industry's prosperity is showing an upward trend.
In the context of steady economic development and national policy support, the future green and energy-saving coatings market will show greater room for development.
As the main promoter of localization and environmental protection in the field of high-end rail equipment coatings such as water-based train coatings, Feilu Co.
, Ltd.
makes full use of the advantages of industry associations and other platforms to actively create new business cards for environmental protection coatings.
Its self-developed water-based damping coatings and other series of products have been applied in batches on railway freight cars, railway passenger cars and urban rail vehicles.
It has won the bid for the water-based damping slurry coating project for 1,314 urban rail vehicles of CRRC Qingdao Sifang Company.
At the same time, Feilu has also extended its layout through acquisitions and cooperation.
In 2018, the company successfully completed the acquisition of 100% equity of Hunan Naisee.
Hunan Naozem became a wholly-owned subsidiary of the company, with revenue of 115 million yuan in 2018 and a net profit of 13 million yuan.
Industry insiders believe that the acquisition of Hunan Penetration by Feilu shares is a strong combination of rail transit waterproof materials.
The newly added waterproof membrane products not only expand the company's market area, but also realize product complementarity in the construction of high-speed railways, urban subways and other waterproof engineering fields, which will help the company integrate market resources and enhance the company's product market competitive advantage.
In terms of the company's future planning, Feilu has set six sub-development goals, including business market share, R&D project application promotion, and business segment sales.
Zhang Weiguo, chairman of Feilu Co.
, Ltd.
, said that he will continue to focus on the business of anti-corrosion coatings, waterproof materials, and special rubber products in the rail transit industry, and vigorously develop the business of new polymer materials such as composite materials mainly in the rail transit industry, and strive to become a domestic manufacturer.
The most professional anti-corrosion protection overall solution supplier and polymer new material supplier in the sub-industry.
