【Unstoppable】Asia Chuangneng releases its 2021 semi-annual report, with strong revenue growth

Judging from the published semi-annual report for 2021, although the prices of bulk raw materials soared in the first half of the year and the "three red lines" of real estate also indirectly pressured the building materials industry, leading companies still maintained rapid growth

Judging from the published semi-annual report for 2021, although the prices of bulk raw materials soared in the first half of the year and the "three red lines" of real estate also indirectly pressured the building materials industry, leading companies still maintained rapid growth

On the evening of August 17, Asia Chuangneng Technology (Shanghai) Co.

On the evening of August 17, Asia Chuangneng Technology (Shanghai) Co.

The company stated that the main reason for the revenue growth was the continuous increase in market development and investment during the period, and the continuous improvement of competitiveness, which drove the rapid growth of sales of its main products
.
The data shows that in 2019, 2020 and the first half of 2021, Asia's revenue growth rate was 45.
89%, 44.
61% and 81.
22%, respectively.
This year's expansion has accelerated significantly
.

In addition to maintaining high growth in traditional businesses, in recent years, with the accelerated integration of the large construction coating industry, leading companies such as Asia Chuangneng have used capital and channel advantages to conduct cross-business penetration in the form of self-construction or mergers and acquisitions
.

Astronergy entered the new retail and waterproofing business of home improvement coatings in 2019 and 2020, and achieved high growth rates
.
The semi-annual report shows that in the first half of 2021, the company's home improvement coatings business achieved operating income of 135 million yuan, a year-on-year increase of 213.
21%; the waterproofing business started in the second half of 2020, and achieved operating income of 108 million yuan in the first half of 2021, an increase of 185.
09% from the previous month.
Strong
.

Industry insiders analyzed that in the first half of 2021, raw material prices continued to rise, and gross margins and profits of enterprises in the industry were generally under pressure
.
In the second half of the year, the upward trend of raw material prices weakened, and leading companies in the industry may open a channel for product price increases
.
According to the national "14th Five-Year Plan", the goal of carbon peaking and carbon neutrality, as well as the trend of accelerated integration of the construction coating industry, is expected to continue to improve the comprehensive competitiveness of leading companies in the industry
.

Asia Chuangneng is one of the few companies in the industry that have four product systems including functional architectural coatings, integrated insulation and decoration materials, building energy-saving insulation materials, and waterproof materials and their system service capabilities
.
The relevant person in charge of the company said: "In recent years, the company has continued to maintain a high growth rate that is much higher than the average growth rate of the industry, highlighting its competitiveness as a leading company
.
Next, the gradual release of new production capacity and new business sector dividends will be Continue to grow and inject new momentum
.
"

Industry insiders analyzed that in the first half of 2021, raw material prices continued to rise, and gross margins and profits of enterprises in the industry were generally under pressure
.
In the second half of the year, the upward trend of raw material prices weakened, and leading companies in the industry may open a channel for product price increases
.
According to the national "14th Five-Year Plan", the goal of carbon peaking and carbon neutrality, as well as the trend of accelerated integration of the construction coating industry, is expected to continue to improve the comprehensive competitiveness of leading companies in the industry
.

Asia Chuangneng is one of the few companies in the industry that have four product systems including functional architectural coatings, integrated insulation and decoration materials, building energy-saving insulation materials, and waterproof materials and their system service capabilities
.
The relevant person in charge of the company said: "In recent years, the company has continued to maintain a high growth rate that is much higher than the average growth rate of the industry, highlighting its competitiveness as a leading company
.
Next, the gradual release of new production capacity and new business sector dividends will be Continue to grow and inject new momentum
.
"