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Three Trees VS Asia Chuangneng Who is the "leader" of Chinese coating companies?

 Last Update: 2021-08-05
 Source: Internet
 Author: User

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[ Star Enterprise of Chemical Machinery and Equipment Network ] China's paint market is highly competitive.
The market share of the top 100 paint companies in the country is only 30%, the market concentration is low, and the market share of each company is small
.
Among them, most of the leading companies are foreign-funded.
Domestic companies in China have developed rapidly in recent years, and there have been continuous successful listings of coating companies, and their status at home and abroad has continued to rise.
Among them, Sankeshu and Asia Chuangneng are the forefront of them.
From a point of view, Sankeshu is more able to act as the " leader " of local coating companies in the coatings field
.

Chemical Machinery Equipment Network Star Enterprise Top 100 Chemical Machinery Equipment Leaders

Major listed companies in the industry: Three Trees (603737), Oriental Yuhong (002271), Asia Chuangneng (603378), Keshun Co.
, Ltd.
(300737), Jinlitai (300225), BNBM (000786), etc.

Major listed companies in the industry:

The core data of this article: coating production and sales, coating production capacity, coating capacity utilization rate, coating business revenue, coating business gross profit margin

The core data of this article:

1.
Three Trees VS Asia Chuangneng: Coating Business Layout History

Coating refers to a type of liquid or solid material that can be coated on the surface of an object to form a film under certain conditions for protection, decoration or other special functions (insulation, rust prevention, mildew resistance, heat resistance, etc.
)
.
China is a major country in the production and sales of global coatings
.
At present, China's domestic production of paint enterprises are three trees (603,737), Ashley CUANON (603,378), two companies in the coatings business course layout is as follows:

Sales company

　　2, paint business and operational status of the layout: three trees surpassed the one chip

2, paint business and operational status of the layout: three trees surpassed the one chip , one chip

　　——Coating production and sales: Sankeshu has greater production and sales

　　From the perspective of paint production and sales, in 2020, Sankeshu will win over Asia Chuangneng
.
The data shows that in 2020, the output of Sankeshu paint will reach 994,500 tons and the sales will be 960,600 tons; the output of Asia Chuangneng will be 415,000 tons and the sales will be 405,100 tons in 2020
.
In terms of production and sales, Three Trees Bia Shi Chuang Neng doubled
.

　　——Coating production capacity construction: Sankeshu has greater production capacity

　　From the perspective of paint production capacity construction, Sankeshu's paint production capacity is in the forefront of the country.
In 2020, the paint production capacity is as high as 1.
977,000 tons, while Asia Chuangneng has only 356,000 tons of paint production capacity
.
However, from the perspective of capacity utilization, Asia Chuangneng's capacity utilization rate reached 116.
36%, while Sankeshu's capacity utilization rate was less than 50%
.

　　——Paint layout area: both have a national layout

　　From the perspective of paint layout area, both companies have a national layout.
East China is the key layout area of Sankeshu.
In 2020, Sankeshu’s main business revenue in East China will be 3.
095 billion yuan, accounting for 39.
31%.

.
Asia Chuangneng focuses on the eastern region, including East China.
In 2020, Asia Chuangneng’s main business revenue in East China will be 1.
570 billion yuan, accounting for 45.
34%
.

　　——Coating product category: the two companies are equally divided

　　From the point of view of coating products, Sankeshu mainly focuses on wall paint and wood paint, including multiple product systems such as waterproofing and heat preservation; Asia Chuangneng focuses on functional architectural coatings, mainly wall coatings, and also involves heat preservation, Waterproof and other coatings
.
In the coating category, it can be seen that the two companies are converging, and both companies are leaders in the field of architectural coatings
.

Outstanding

　　3.
Performance comparison of coatings business: Sankeshu leads in revenue and profitability , but Yashi Chuangneng's profitability is improving rapidly

3.
Performance comparison of coatings business: Three Trees leads in revenue and profitability , but Asia Chuangneng takes the lead in increasing profitability

　　From the perspective of the operating conditions of the coatings business, from 2018 to 2020, the revenue of the coatings business of the two companies has increased significantly.
Among them, the revenue of the coatings business of Three Trees is ahead of Asia Chuangneng
.
In 2020, Sankeshu's coating business will achieve revenue of 7.
270 billion yuan, and Asia Chuangneng's coatings business will achieve revenue of 3.
430 billion yuan
.

Lead

　　From the perspective of the gross profit margin of the coatings business, from 2018 to 2020, the overall gross profit margin of Sankeshu coatings business is higher than that of Asia Chuangneng; however, from the perspective of the trend of gross profit margin changes, the gross profit margin of Sankeshu coatings business is relatively stable.
At the same time, the gross profit margin of Asia Chuangneng's coatings business is showing an upward trend
.
In 2020, the gap in the gross profit margin of the coatings business of the two leading coatings companies will be significantly narrowed compared to 2018
.

　　Note: 1) The coating business revenue of the two companies is both the coating business and related business revenue;

　　2) The gross profit margin of Sankeshu coatings business is the gross profit margin of wall paint and wood paint; the gross profit margin of Asia Chuangneng coatings business is the gross profit margin of functional architectural coatings
.

　　4.
Forward-looking view: Three Trees is the " Leader " of China's Local Coatings Companies

4.
Forward-looking view: Three Trees is the leader of " Leader " of Chinese local coating companies

　　In the coatings industry, the production of coatings is particularly important.
Its production and sales, capacity construction, and product categories are the core indicators.
The performance of coatings can reflect the company's business overview
.
Based on the results of the previous analysis, Qianzhan believes that Sankeshu has a huge advantage in paint production and is currently the " leader " among domestic paint companies in China
.

Leader

　　The above data refers to the "China Coating Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute also provides industry big data, industry research, industry chain consulting, industry map, industry planning, park planning, and industry Solutions for investment promotion, IPO fundraising and investment feasibility studies, and prospectus writing
.

　　Original title: dry goods! Comparison of leading companies in China's coatings industry in 2021 : Three Trees VS Asia Chuangneng.
Who is the " leader " of the company?

Industry leader

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