In the first half of the year, the revenue of 1.475 billion yuan, Baolijia listed on the first financial report, the results are gratifying!

On August 30, Polycar released its first financial report after listing.

The main performance drivers include policy-driven, capacity-driven, and technology-driven

At the same time, the company takes research and development as the foundation of its business, attaches great importance to product development and technological process innovation, and has strong independent research and development capabilities for the market.

The report shows that in the first half of 2021, Baolijia’s main products, architectural emulsions and waterproof emulsions, achieved operating income of 1.

As the upstream supplier of water-based acrylic emulsions in the coatings industry and the subdivision of water-based architectural coatings, Baolijia water-based acrylic emulsion products rank among the top in the industry

The company directly serves leading domestic and foreign coatings companies such as Nippon, Sankeshu, Astronergy, and Akzo through direct sales, and has established long-term strategic partnerships with these companies

According to Chinese and foreign coatings website, at present, the domestic water-based acrylic emulsion market presents a situation where private enterprises, joint ventures, and foreign-funded enterprises compete together, and the industry concentration is not high

Private enterprises have a flexible sales model, efficient operation efficiency, extensive production capacity layout and inherent geographical and cultural advantages

In recent years, with the tightening of national environmental protection policies, small and medium acrylic emulsion companies are facing huge environmental pressure, market pressure and cost pressure.