With the end of the 2023 financial report disclosure, the achievements of domestic listed or listed coating companies will be revealed. Among them, there are companies with revenue growth of more than 60%, and there are also companies with net profit losses of more than 60 million...... All kinds of data will undoubtedly ruthlessly expose the status quo of "ice and fire" in the paint industry. This article mainly elaborates on the changes in the net profit of some companies in the past year.
According to the list compiled by the "Coating Classic", it is found that in 2023, the company with the largest profit increase is Kede Technology, with a net profit increase of 3280.55% to 23.4517 million yuan, and the largest decline is Keshun shares, with a net profit loss of 337.6 million yuan, a decrease of 289.4%; Yonghui Chemical fell by 236.44%, followed by a loss of 6.0474 million yuan.
Kede Technology said in its 2023 annual report that this is mainly due to the company's active development of new customers and large customers, the growth of sales in the electrophoretic coating sector while promoting a variety of business operations, and the sales of the coating equipment sector this year increased significantly compared with the previous year.
At the same time, Kede Technology is also increasing its investment in R&D and technology. During the reporting period, Kede Technology invested 8.4762 million yuan in R&D, an increase of 9.47% year-on-year. At present, in terms of Kede Technology's electrophoretic coatings, silane supporting high-permeability products, ultra-low temperature products and other projects continue to develop, and some products have been put on the market and achieved good market feedback.
Linghu shares, Flying Whale New Materials, Weiqi Technology, Shanghai Xinyang, Jiren High-tech, Yuwang Jianneng, Feilu shares, Karen shares and Jinlitai and other enterprises also increased by more than 100% year-on-year. Among them, the net profit of Linghu shares increased the most, reaching 474.44%, which was explained by the increase in operating income in the current period and the increase in gross profit margin due to the decline in raw material prices. At the same time, the revenue performance of these enterprises is also relatively bright, it can be seen that the new third board enterprises have shown strong vitality and growth potential, in the context of the industry downturn, but also to achieve what we call "small ship good turn", more convenient to adjust strategy and tactics at any time.
The decline in net profit is more prominent, Keshun shares, can be said to be the "biggest victim" of the current downturn in the general environment and the many challenges faced by the paint industry. For the specific reason for the net profit loss of 337.6 million in 2023, Keshun said in the report that it was mainly due to the provision of credit impairment losses and asset impairment losses. However, even if the net profit performance is slightly unsatisfactory, the total revenue of Keshun shares is still bright, and the company achieved operating income of 7.944 billion yuan during the reporting period, an increase of 3.70% over the same period last year.
Keshun shares 2023 financial report
It was followed by Yonghui shares, whose net profit fell by as much as 236.44%. Yonghui said in its annual report that the main reason was that the operating income decreased by 40.748 million yuan over the same period last year, resulting in a decrease in net profit. The main reason for the decline in Yonghui Chemical's operating income last year was the impact of trade disputes and changes in the international market environment, which led to a decrease in toy orders from OEM factories of several major children's toy brands in the European and American markets in China, resulting in a decline in sales.
The net profit loss of Chongqing Three Gorges A in the past year was 34.8132 million yuan, a year-on-year decrease of 166.38%. The company said that the main reasons are that the company's investment income fell sharply year-on-year during the reporting period, and the profit loss of Xinjiang Xinhuixia Clean Energy and other shareholding companies affected the company's recognition of investment income as a loss of 23.52 million yuan; The second is the impact of the return of the performance bond of 10 million yuan to Chengdu Yincheng Investment Management Co., Ltd. during the reporting period.
Relevant experts have said that more than 90% of companies will decline or lose money in 2023. It can be seen from the content of the financial reports of many coating companies that whether it is the increase or decrease of data or the analysis of risks, it specifically presents the true face of the coating industry in 2023. In the past year, the coating industry has risk fans, opportunities to break through, force majeure, innovation and development, how to adjust the business strategy, seize the opportunity, this is a serious topic that enterprises should consider at present.