Nine new listed companies in the paint industry announced their performance

Up to April 16, when the Chinese and foreign paint industry was published, 9 companies including Pentium Stock, Linghu Stock, Champion Science and Technology, Code Science and Technology, Meijia New Material, Huierming, Bailong Stock, Sedley, Tianbang Paint and so on issued their 2008 performance reports or annual reports.

Fourteen new three-board listed companies in paint industry, such as Jiren High-tech, Baotashan, Weiqi Science and Technology, Qianjiang High-tech, Flying Whale New Materials, Pancai Environmental Protection, Xingyu Stock, Meet, Patel, Ethnic Xing New Materials, Runtai Stock, Changxian New Materials, Selik and Free Energy, have not yet published their 2018 financial reports. Among them, Wang Haiyan, deputy general manager of Changxian New Material resigned. The company announced on April 12 that Wang Haiyan, who owns 145,600 shares of the company, accounting for 0.24%, resigned as deputy general manager for personal reasons. Comparing the annual performance of nine enterprises published in 2018, it shows that the revenue of Bailong, Sedley and Tianbang Coatings decreased, while Tianbang Coatings suffered a slight loss. Chinese and foreign coatings found that the common reasons for these three are: intensified market competition, product sales revenue less than expected, rising prices of raw materials, environmental protection policies and macro-environmental impact.

The gross operating income of the other six enterprises is more than 100 million yuan, of which Meijia New Materials has the best performance with a revenue of 800 million yuan and a net profit of 36.32 million yuan. Huierming's annual revenue of 530 million yuan in 2018 and a net profit of 25.66 million yuan are also more eye-catching.

Champion Technologies'annual revenue in 2018 was 140 million yuan, an increase of 24.68%, net profit of 3.06 million yuan. Champion Technologies released its annual performance report on April 13. The company's total operating income was 140,716,748.25 yuan, an increase of 24.68% over the same period last year (112,858,632.83). The net profit attributed to the listed company's shareholders was 3,058,796.63 yuan, an increase of 44.54% over the same period last year. Earnings per share (yuan/share) was 0.06 yuan, an increase of 43.33% over the same period last year (0.04 yuan). The main business of Jiangsu Champion Science and Technology Group Co., Ltd. is the research and development, manufacture and sale of industrial coatings.

Kode Technologies'revenue in 2018 was 160 million yuan, an increase of 8.27%, net profit of 9.28 million yuan. Kode Technologies released its annual performance report on April 12, 2018. The company's total operating income was 162, 859, 319.69 yuan, an increase of 8.27% over the same period last year (150, 416, 179.37). The net profit attributed to the listed company's shareholders was 9, 273, 557.58 yuan, a decrease of 17,177,681.19 yuan to 46.01% over the same period last year. Equity earnings (yuan/share) was 0.23 yuan, down - 5% from 0.43 yuan in the same period last year.

Guangdong Kede Environmental Protection Technology Co., Ltd. Its main business is the research and development, manufacture and sale of two-component cathodic electrophoretic coatings, as well as supporting sales of additives and pretreatment products. The annual revenue of Meijia New Material in 2018 was 800 million, up 21.91%, and its net profit was 36.32 million.

Meijia New Material issued a revised announcement of its annual performance report in 2018 on April 12, and revised the relevant contents of its annual performance report in 2018 disclosed on February 28. The revised main financial data show that the total operating income of the company is 806,522,146.95 yuan, an increase of 21.91% over the same period last year (661,584,718.20). The net profit attributable to the shareholders of the listed company is 36,324,670.46 yuan, an increase of 9.26% over the same period last year of 33,245,065.93 yuan. The deduction attributable to the shareholders of the listed company is 0.26% unless the net profit of the recurrent profits and losses is 32,338,526.04 yuan per share. 

The reason for the correction of performance report is that the recognition of non-recurring gains and losses by Zhongxi Accounting Firm (Special General Partnership) is different from the adjustment of enterprises. The difference of net profit attributable to shareholders of listed companies is 10.55% except for recurring gains and losses. 

Whilming's annual revenue of 530 million yuan in 2018, an increase of 185.28%, net profit of 25.66 million. Whilming's annual performance Bulletin of 2018 was issued on February 28. The bulletin showed that the company's total operating income was 532,497,283.70 yuan, an increase of 185.28% over the same period of last year (186,657,545.91), and realized operating profit of 34,939,694.31 yuan, an increase of 88.53% over the same period of last year. The net profit of listed company shareholders was 25,663,923.11 yuan, up 133.15% from 11,007,478.33 yuan in the same period last year. The net profit of listed company shareholders deducted from recurrent gains and losses was 24,859,613.87 yuan per share (yuan/share) and was 0.18 yuan. The main reason for the change of performance is that the company extends to the mobile phone painting end on the basis of stabilizing the original coating business, and the mobile phone painting business of Huizhou Huierming Electronic Technology Co., Ltd., which was newly established in 2017, has entered into large-scale production and operation, which has promoted the growth of the turnover from coating to downstream supply of painting, and the increase of new mergers and acquisitions into Shenzhen Dongxing Credit Technology Co., Ltd. Income and sales growth of chemical raw materials, the company's product quality, brand awareness and other competitiveness continue to improve, resulting in a substantial increase in sales.