Meijia New Materials Annual Report 2018, Revenue over 800 million

Recently, Anhui Meijia New Material Co., Ltd. released its annual report for 2018. As of December 31, 2018, the total assets of the company amounted to 945 million yuan, an increase of 358% over the same period last year; the total equity of shareholders amounted to 461 million yuan, an increase of 855% over the same period last year; the total turnover of the company amounted to 807 million yuan, an increase of 21.91% over the same period last year; and the net profit of the reporting period amounted to 0.36 billion yuan. It increased by 9.26% in the same period of the year. The main products of Meijia New Materials are powder coatings and epoxy resins.

Powder coatings are mainly thermosetting powder coatings, which are divided into five categories and hundreds of varieties. Compared with traditional coatings, powder coatings have the characteristics of environmental protection, energy saving, economy and high efficiency, and are widely used in household appliances, metal furniture, automobiles, agricultural electrical appliances, building materials and outdoor facilities, pipelines and ships, kitchen appliances, electronic and electrical fields.

Epoxy resin is divided into solid epoxy resin and liquid epoxy resin. One-step solid epoxy resin is used for thermosetting powder coatings, two-step solid epoxy resin is mainly used for coatings, composite materials, building materials, adhesives and so on.