Today, let’s talk about the listing of ceramic companies.
1
As disclosed in the first quarter financial report, what is the revenue situation of listed ceramic companies?
The first quarter reports of listed companies have been disclosed in April, and listed ceramic companies have announced their report cards for the first three months. Judging from the reports released by listed ceramic companies in the first quarter of 2021, most of them have achieved great results, and their operating income has increased significantly (about 136%-43%) compared with the same period in 2020. Please see the financial report details below.
On April 28, Dongpeng Holdings released its first quarter financial report for 2021, showing that its first quarter operating income was 1.133 billion yuan, a year-on-year increase of 135.28%; the net profit attributable to shareholders of listed companies was 51.9747 million yuan, a year-on-year increase of 147.55%; the net cash flow generated from operating activities was 36.9063 million yuan, a year-on-year increase of 104.89%.
On April 17, Mona Lisa released its first quarter financial report for 2021. It shows that its operating income in the first quarter was 996 million yuan, a year-on-year increase of 105.62%; the net profit attributable to shareholders of the listed company was 47.0796 million yuan, a year-on-year increase of 18.93%. In addition, Mona Lisa's total assets at the end of the first quarter were 8.833 billion yuan, an increase of 16.53% from the end of 2020.
On March 28, Diou Home (the parent company of Oceano Ceramics) released its first quarter financial report for 2021, showing Its operating income in the first quarter was 1.160 billion yuan, a year-on-year increase of 46.16%; the net profit attributable to shareholders of the listed company was 75.7024 million yuan, a year-on-year increase of 49.80%. In addition, at the end of the first quarter, the total assets of Diou Home Furnishing were 9.078 billion yuan, an increase of 1.24% from the end of 2020.
April 15,Yuexin Health (the parent company of SMIC Tile) released its first quarter financial report for 2021, showing that its operating income in the first quarter was 209 million yuan. , a year-on-year increase of 71.90%; the net profit attributable to shareholders of listed companies was -11.5328 million yuan. Although the net profit was negative, it increased by 39.55% year-on-year. As of the end of the first quarter, Yuexin Health's total assets were 2.472 billion yuan, a decrease of 1.17% from the end of 2020.
On April 19, Huida Sanitary Ware released its first quarter financial report for 2021, showing that its first quarter operating income was 7.09 billion, a year-on-year increase of 43.14%; the net profit attributable to shareholders of listed companies was 40.2311 million yuan, a year-on-year increase of 39.84%. As of the end of the first quarter, Huida Sanitary Ware's total assets were 6.163 billion yuan, an increase of 9.08% from the end of 2020.
On April 13, Haiou Residential Work (Champion Tile’s parent company) released its first quarter financial report for 2021. It shows that its operating income in the first quarter was 795 million yuan, a year-on-year increase of 75.13%, and the net profit attributable to shareholders of the listed company was 24.1083 million yuan, turning a year-on-year loss into a profit, and a loss of 20.9772 million yuan in the same period last year.
2
What happens to companies that were listed and delisted overseas?
Ceramics is considered by the outside world to be a "three high" industry with high pollution, high energy consumption and high emissions. The road for companies to go public is very difficult. The ceramic industry has always been known as the "curse of listing". Ceramic companies listed on the domestic main board market are very rare. Therefore, a large number of ceramic companies chose to list overseas earlier, but the results were not satisfactory. .
Among them, well-known overseas listed companies include Asia, Eagle Brand and Dongpeng. Asia and Eagle were listed on the Singapore Stock Exchange in 1998 and 1999 respectively, and both were delisted in 2010. Dongpeng united in Hong Kong in 2013Listed on the exchange and delisted in 2016.
The reasons why the three ceramic companies chose to delist overseas may be related to the company's own development strategy, but one thing is very similar, that is, these ceramic companies are still developing well after delisting and are seeking to be listed domestically again. . With the successive establishment of GEM (2007), New OTC Market (2012), and Science and Technology Innovation Board (2019), it has provided more possibilities for small and medium-sized enterprises to go public, which has also made many ceramic companies want to start IPOs again. Ready to move.
As we all know, Dongpeng has been officially listed on the Shenzhen Stock Exchange as a listed company in September 2020; Eagle Brand announced a mixed ownership reform in March 2021, transferring 66% of the equity of each of its four subsidiaries to the listed company Tianan New Materials;< span style="color:#2980b9">Asia announced at the 2021 group annual meeting that it has officially started the IPO journey... No matter how many twists and turns there are, it can be regarded as different paths to the same destination.
Among these companies, the one that has developed the best is Dongpeng. Not only has it been successfully listed on the small and medium-sized board, but it has also made drastic changes in production capacity acquisitions and expansion since the beginning of the year. In January 2021, Dongpeng announced that it planned to invest 5.08 billion yuan in the construction of Jiangxi Fengcheng Smart Ceramic Home Industrial Park project; in April, at the fifth major project centralized signing ceremony in 2021 in Fengcheng City, Jiangxi Province, Dongpeng invested 10 billion to build smart home projects; also in April, Dongpeng subsidiary Shanxi Dongpeng acquired Shanxi Jinshijia for 237.1 million yuan. As Dongpeng has been the big brother in the industry for nearly half a century, going public is equivalent to adding more power to the company.
3
If you want to become a leader in the industry, going public is the best choice?
According to data released by the China Building and Sanitary Ceramics Association, nearly 500 regulated ceramic companies were eliminated from 2016 to 2020, and the number of production lines was reduced from more than 3,400 to 2,760;On the other hand, leading companies are expanding rapidly. The market share of the top ten companies in the industry's sales has increased by 3% in five years, reaching 18%. By the end of the "14th Five-Year Plan", the concentration rate may exceed 20%. There is no doubt that becoming an industry leader is every company's most desired goal.
Song Zhiping, President of the China Association of Listed Companies, President of the China Enterprise Reform and Development Research Association, and former Chairman of China National Building Materials Group/Sinopharm Group (known as "China's Kazuo Inamori"), was seeing Jianyi marble tiles Founder Li Zhilin once said: "If a company is not listed, it is like running on the ground, but after it is listed, it is like flying in the sky. The scenery seen thousands of miles above is completely different from what you see on the ground."
Listing does have many benefits for companies. First, companies that value innovation can embrace capital by going public and gain greater advantages when they have sufficient funds; second, going public is conducive to improving the brand image, making it easier for the brand to gain the trust of society and gain the trust of the market and users. Third, listing helps enterprises obtain a large amount of resources needed for development, and they have more control over the selection of partners; fourth, listing is beneficial to the operation of enterprises. Industry + capital is equivalent to walking on two legs, and the two are perfectly combined. Enterprises can develop better...
Take the Mona Lisa as an example. Since its successful listing in 2017, Mona Lisa’s revenue in 2018 has increased by 11.0% compared with 2017, and its revenue in 2019 has increased In 2018, it increased 18.57%, and revenue in 2020 increased < strong>27.86%, the growth momentum is amazing. In 2021, Mona Lisa will also hold 70% of the equity of Zhimei Shande, a subsidiary of Putin Ceramics, through acquisitions and capital increases, and establish Gaoan Mona Lisa New Materials Co., Ltd. to make a strong presence in Jiangxi production areas and radiate to the East China and national markets.
Does a company have to embrace the capital market if it wants to develop rapidly?
No, going public is just an option for business operations. For example, Nongfu Spring, which had a total market value of HK$440 billion once it was listed, repeatedly denied its listing plan and terminated its listing guidance before 2020. Its founder Zhong Suisui also expressed the company's attitude towards listing in a speech: “The capital market pays attention to demand and demand, but Nongfu Spring has no demand now, so it does not need to be listed.”
Looking at the ceramic industry, we are familiar with the new pearl of the ceramic aircraft carrier, the beautiful and powerful Hongyu with tens of billions of revenue... These companies have not yet entered the capital market because they currently have no plans to go public, or are seeking to Is it going public, or will there be no plans to go public in the future? The answer is unknown.
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