Asia Cuaneng Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Chuangneng" or "Custodian") has become a leader in the industry with the strategic goal of winning the battle of industry integration and achieving high-quality and rapid development.
The main business shows a new attitude of high-quality development
The main business of Asia Cuaneng covers many fields such as architectural coatings, building energy-saving and thermal insulation materials, and waterproof materials. In 2023, the company achieved operating income of RMB 3.11 billion, of which the waterproof material business increased by 94.43% year-on-year, showing the company's strong momentum in emerging markets. Despite the decline in the company's net profit due to market fluctuations, Asia Cuaneng has maintained its leading position in the industry by optimizing its product structure and improving operational efficiency.
In the face of many uncertainties in the industry, Asia Cube has actively taken various effective measures to strengthen cost reduction and efficiency increase, accelerate the upgrading of product and channel structure, and continue to build the construction of core competitiveness such as product power, channel power, brand power and digitalization.
Since 2023, the increasing downward pressure on the macroeconomy, the liquidity crisis in real estate and the operational impact brought by the epidemic have brought great challenges to the normal operation of coating enterprises, but Asia Cube has withstood the test. Since its establishment, Asia Cube has decided to take the long-term development path, to be an enterprise that takes into account the continuous growth of speed and quality in good times, and meets the challenges through the cycle in adversity.
Adhere to the "long-termism" and deeply cultivate the 100 billion market
In the short term, the market environment is on the upswing, and the performance of Asia Cube has fallen slightly.
But is it the present or the next decade when looking at a company?
I believe that everyone has the answer in their hearts.
The market for house repair is broad enough, the market for the coating industry is broad enough, and the market of 100 billion yuan is enough for every enterprise to seriously cultivate.
In the cultural genes of Asia Cube, we attach importance to long-termism more than performance, operate steadily, do not do speculative things, and develop towards long-term brand management, with the goal of creating more value for users.
Over the years, Asia Cuaneng has firmly implemented the Group's strategy, and has continuously strengthened the company's core competitiveness through multi-level sub-strategies and peripheral strategies such as "total cost leadership", "new technologies, new products and new models", as well as "industry specialization, field diversification" and "digital transformation" strategies.
In the face of industry consolidation and market competition, the company has built three pillars: multi-business collaboration, efficient supply chain and digital construction to cope with complex market and organizational challenges. Asia Cuaneng adopts a production model based on sales and independent processing, and combines contract production to meet the rapidly growing market demand. The company's sales model includes distribution and direct sales, of which the distribution model is dominant. In terms of procurement, the company implements the separation system of technical identification, supplier guarantee ability identification, price identification and procurement implementation to ensure the quality and cost-effectiveness of raw materials.
Asia Cuaneng actively responds to the national green development strategy and promotes the green transformation of the construction industry through continuous technological innovation and product upgrading. The company ranks first in the industry in the fields of architectural coatings, thermal insulation decorative finished boards, building insulation materials, etc., and the market influence of C-end business and building waterproof materials business continues to expand, demonstrating the company's leading position in the field of green building new materials.
Although these forward-looking investments have affected profits and market value in the short term, Asia Cuaneng still adheres to a long-term approach and further enhances the company's core competitiveness through digital transformation and management innovation. At the same time, the company will continue to fulfill its social responsibilities and contribute to the sustainable development of society by providing high-quality products and services.
Do a good job of service, the style of a king
In order to further meet the needs of consumers, Asia Cuaneng has quickly set off a new trend in the market and promoted a new model of high-quality delivery in just three years since it first advocated the "integration of coating and protection protection" in 2020.
In 2023, Asia Cube officially put forward the slogan of "Coating Protection Expert" to provide customers with one-stop comprehensive coating solutions to truly achieve reliable quality, higher efficiency and better cost.
Over the past 25 years, Asia Cube has always adhered to the development concept of "industry specialization, field diversification, and expansion along the core competitiveness", forged ahead and made long-term contributions, starting from the corporate positioning of "leading the development trend of China's functional architectural coatings", with architectural coatings as the main battlefield, Asia Custodian has continuously expanded its products along the core competitiveness.
We are firmly optimistic about Asia Cuaneng and will not misjudge it due to short-term fluctuations. With its professional capabilities and market performance in the field of green building materials, Asia Cube has demonstrated its demeanor as an industry leader. The company's strategic layout, business model, financial position and future outlook reflect its commitment to long-term development and social responsibility. With the further recovery of the market and the in-depth implementation of the company's strategy, Asia Cuaneng is expected to usher in more brilliant achievements in the new cycle.