Fly Deer's first-half revenue rose 7.44 per cent and net profit fell 61.58 per cent

On the evening of August 24, Feilu Shares (300665) released its 2020 half-yearly report.
first half of the year, the Group achieved revenue of 183.6 million yuan, up 7.44% YoY, mainly due to the company's sales business boost during the reporting period.
net profit attributable to shareholders of listed companies was RMB1.7312 million, down 61.58 percent year-on-year.
from operating activities in The Year was 38.67 percent, or 507.233 million yuan, a year earlier.
results show that Feilu shares in the first half of 2020 anti-corrosion paint revenue of 25.5147 million yuan, down 4.44% YoY; Year-on-year revenue was 8.92%, coating revenue was 67.9322 million yuan, up 4.63% YoY, coating construction revenue was 7.2405 million yuan, down 48.39% YoY, and other business revenue was 1.2108 million yuan, up 212.36% YoY.
2020 half-year gross profit margin of products overall decreased by 3.39%, but the main products of anti-corrosion coatings, waterproof coatings, waterproof coils have increased, mainly due to the impact of the outbreak at the beginning of the year, raw material prices fell, the company's management seized the opportunity to take the "raw materials centralized procurement" purchase program, so that raw material costs significantly lower than in the past, waterproof coil products gross margin rose by 4.82%.
Coating integration, coating construction business due to the March-April 2020 outbreak, resulting in the main cost composition of this type of business - labor costs rise, the impact on the gross profit of this type of business is greater, but with the control of the epidemic, May and June coating integration, coating construction business gross margin has gradually rebounded, the company expects the gross margin of this type of business will gradually be equal to the previous year.
As of the disclosure date, the company successfully obtained the Qingdao Quartet of water-based paint high-speed train group qualification, while the Chang passenger shares solvent-based paint train group (trial installation) qualification into the train group qualification, and is in Nanjing Puzhen test installation of 250 km standard train group water-based paint, is the first water-based paint application in the 250 km standard train group of enterprises, which further develop the domestic train group paint market to lay a solid foundation.
company's water-based truck paint in addition to the national railway car to get large-volume applications, but also further extended to export trucks.
reporting period, the company's new high-speed rail subway construction project waterproof materials business orders amounted to more than 155 million, of which, higher technical content of thin-coated polyurethane waterproof materials products, new orders, accounting for the company's reporting period of the total number of new rail construction project waterproof orders 49.34 percent.
company obtained the Sichuan-Tibet Railway Lhasa to Linzhi section of five stations and related projects waterproof engineering orders.
company developed high-permeability modified epoxy waterproof coatings, silicone sealants and other high-tech products, through the relevant authority certification, pushed into the market quickly obtained customer recognition, the supply volume is also steadily increasing.
reporting period, the company's civil construction real estate waterproof business has been carried out steadily.
and China Resources Land East Region, Guangzhou Merrill Lynch Real Estate Co., Ltd. reached a business supply strategy cooperation, won the winning contract of China Resources Land East China 151.8392 million yuan, Guangzhou Merrill Lynch Has signed a total contract amount of 16.82 million yuan.
successfully entered Huaxia Happiness Foundation Co., Ltd. Southern Operations Headquarters, Central South Construction Group Co., Ltd., Shenzhen Hezheng Real Estate Group Co., Ltd. waterproof supplier directory, the company's strategy gradually landed.
the winning bid well-known real estate developers project marks the company in the field of civil waterproofing has made a major breakthrough, waterproof coil business and waterproof coating business synergy is gradually emerging, waterproof materials market coverage and market recognition gradually improved.
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