From the end of July to the end of August, 10 listed companies in the ceramic industry successively released their 2021 semi-annual reports. Among them, the highest revenue was 4.558 billion yuan, and the lowest was 195 million yuan; the highest net profit was 409 million yuan, and the lowest was 25 million yuan.
(Unit: 100 million yuan)
As can be seen from the above table, the 10 listed ceramic companies all achieved positive growth in revenue and net profit in the first half of the year.
Among them, the top three companies in terms of revenue growth are Dow Technology (135.32%), Sitong (78.97%), and Mona Lisa (72.33%); and 4 companies have doubled their net profits. , respectively, are Stone Co., Ltd. (turning losses into profits), Dow Technology (939.44%), Keda Manufacturing (406.40%), and Haiou Residential Industry (100.44%).
On August 13, Keda Manufacturing released its 2021 semi-annual report. During the reporting period, revenue was 4.558 billion yuan, a year-on-year increase of 47.72%, and net profit was 409 million yuan, a year-on-year increase of 406.40%. The main reason for the revenue growth was the substantial increase in sales revenue of domestic building materials machinery products due to the impact of downstream market demand.
In the first half of the year, Keda Manufacturing's main business, building materials machinery, stabilized its production schedule and gradually released its performance. The overall order volume of overseas ceramic machinery business increased by more than 100% year-on-year. Among them, the Indian sales area, India, Malaysia, Thailand and the United States sales area exceeded expectations. A year-on-year increase of more than 200%.
Moreover, a new production line for Keda Manufacturing's overseas architectural ceramics business has been put into operation, maintaining a stable growth momentum. Two production lines of the Zambian Ceramics Factory and the third and fourth lines of the Ghana Ceramics Factory have been officially put into operation. At present, Keda Manufacturing has increased its construction ceramic production lines in Africa to 12, and the actual production of construction ceramics from January to June exceeded 38 million square meters, all of which are at full production and full sales. During the reporting period, Keda Manufacturing's overseas architectural ceramics business revenue reached 1.062 billion yuan, a year-on-year increase of 23.67%, and its net profit was 352 million yuan, a year-on-year increase of 84.21%.
Based on the demand of the African market, Keda Manufacturing has currently planned the fourth and fifth phases of the Ghana ceramics factory in Africa, the Kisumu factory in Kenya, and architectural ceramics projects in Cameroon, Cote d'Ivoire and other countries, which are expected to be put into production in 2022. The production capacity of the African ceramics business will continue to increase.
Strategic Investment Sector, in April 2021, the battery-grade lithium carbonate project with an annual output of 20,000 tons of Keda Manufacturing's joint-stock company Lanke Lithium was officially put into trial operation.First, some of the devices in the expansion project and the original 10,000 tons/year lithium carbonate workshop were used for integrated production to quickly release some of the new production capacity. The output of the two production lines was increased from more than 40 tons per day to 100 tons.
During the reporting period, Lanke Lithium produced 8,466 tons of lithium carbonate products and sold 7,435 tons of lithium carbonate products, achieving operating income of 507 million yuan and net profit of 234 million yuan, of which Keda Manufacturing confirmed an investment income of 114 million yuan, a year-on-year surge. An increase of 4171.61%.
In 2021, Lanke Lithium will continue to promote the construction of a 20,000-ton/year battery-grade lithium carbonate project. After debugging and trial production meet the standards and acceptance, it will be able to stably produce battery-grade lithium carbonate products, further enhancing product competition. force.
On August 26, Mona Lisa released its 2021 semi-annual report, with revenue of 3.08 billion yuan, a year-on-year increase of 72.33%, and net profit of 282 million yuan, a year-on-year increase of 30.30%.
In terms of products, the revenue of porcelain glazed tiles was 1.921 billion yuan, accounting for 62.36%, the revenue of non-porcelain glazed tiles was 407 million yuan, accounting for 13.23%, and the revenue of ceramic plates and thin ceramic tiles was 407 million yuan. Accounting for 13.22%, the revenue of porcelain unglazed tiles was 261 million yuan, accounting for 8.47%.
In terms of regions, East China's revenue was 859 million yuan, accounting for 27.90%, South China's revenue was 694 million yuan, accounting for 22.52%, Southwest's revenue was 466 million yuan, accounting for 15.13%, and North China's revenue was 437 million. Yuan accounted for 14.18%, Central China’s revenue of 300 million yuan accounted for 9.73%, Northwest’s revenue of 158 million yuan accounted for 5.12%, and Northeast’s revenue of 157 million yuan accounted for 5.09%.
Comparing Mona Lisa's various categories and regional products with the same period last year in the first half of the year, there are three main reasons for the significant growth in operating income:
1. Three intelligent production lines in the first and second phase of the Guangxi Tengxian production base and three special high-performance ceramic plate production lines at the Guangxi Xiqiao production base were successfully put into operation. The acquisition of 9 production lines at the Jiangxi Gaoan production base was successfully put into operation and production capacity was released. Assist sales development;
2. The strategy of sinking distribution channels has driven the rapid growth of distribution business. At the same time, the company has actively developed the real estate business and the engineering business has continued to grow. The two-wheel drive strategy of "distribution business + engineering business" has promoted a steady increase in sales performance;
3. The company adheres to the leadership of product innovation and continuously develops new products and multi-functional and high value-added products. The brand awareness continues to increase, which promotes accelerated sales growth.
Mona Lisa HalfThe annual report also pointed out that as of June 30, 2021, Mona Lisa has 1,458 contracted dealers, 2,588 specialty stores, and 4,297 specialty stores and sales outlets; it has also formed extensive and in-depth strategic cooperation with many TOP real estate companies, and has formed extensive and in-depth strategic cooperation with many TOP real estate companies. Country Garden, Vanke, Poly, China Shipping, Jinke, China Jinmao, Shimao, etc. have established sustained and stable strategic cooperative relationships. At the same time, they have strengthened cooperation with core Internet home decoration companies and continuously expanded new sales channels.
On August 27, Dow Technology’s 2021 semi-annual report showed that revenue of 2.772 billion yuan increased by 135.32% year-on-year, net profit of 262 million yuan increased by 939.44% year-on-year, and non-net profit of 256 million yuan was even greater year-on-year. An increase of 1431.87%.
Dow Technology focuses on new materials business, focusing on material innovation, process innovation, and product innovation. After years of development, it has developed from a single ceramic material business to a new pattern of joint development of "lithium battery materials + carbon materials + ceramic materials".
Among them, lithium battery materials revenue was 1.631 billion yuan, a year-on-year increase of 152.18%, and the gross profit margin was 21.72%, a year-on-year increase of 5.74%; carbon material revenue was 156 million yuan, a year-on-year increase of 152.18%, and the gross profit margin was 31.90%, a year-on-year increase of 15.14%; ceramic material sales Revenue of 629 million yuan increased by 107.05% year-on-year, and gross profit margin was 26.22%, which decreased by 6.72% year-on-year; other segment revenue was 356 million yuan, a year-on-year increase of 103.85%, and gross profit margin was 39.36%, a year-on-year increase of 5.82%.
The main products of Dow Technical Ceramic Materials segment are ceramic inks and ceramic glazes. As of June 30, 2021, Dow's technical ceramic materials business segment has applied for 109 national patents and been granted 85 patents, including 67 invention patents. It has participated in the formulation of 1 industry standard and 2 national standards, and has achieved internationally advanced results. 3 appraisals, and multiple Guangdong Provincial High-tech Product Awards.
On July 28, China Ceramics Materials released its 2021 semi-annual report. In the first half of the year, China Ceramics Materials’ revenue was 1.473 billion yuan, a year-on-year increase of 36.94%, and its net profit was 394 million yuan, a year-on-year increase of 52.68%. The revenue growth was mainly due to the increase in sales of products in the biomedical materials segment and catalytic materials segment during the reporting period.
Among them, the construction ceramic materials sector’s revenue was 384 million yuan, a year-on-year increase of 38.84%.Operating costs were 257 million yuan, a year-on-year increase of 48.78%, and gross profit margin was 33.05%, a year-on-year decrease of 4.49%.
The report shows that the company's holding subsidiary Sinocera Kanglitai mainly produces architectural ceramic materials such as ceramic ink, ceramic colorants and ceramic glazes. In 2021, slate products will become increasingly popular. Traditional ceramics will extend horizontally to home decoration, home furnishing and other industries, forming a limited substitute for stone, wood, glass and other home products. The overall capacity of the domestic architectural ceramics market will further grow. With the future decline in production costs and rock With the improvement of board quality, the market capacity of ceramic ink is also expected to further increase.
Benefiting from the expansion of the construction ceramic materials market and the rapid increase in the number of the company's own customers, the sales volume of Sinocera Kanglitai ceramic ink products increased significantly in the first half of 2021, with monthly shipments continuously exceeding the 2,000-ton mark. The company's market The market share further increased. At the same time, the new product electrostatic digital glaze developed by the company began to be sold in batches, and new antibacterial technologies also made major breakthroughs and were gradually introduced to the market.
On the evening of August 27, Dongpeng Holdings released its 2021 semi-annual report, with revenue of 3.625 billion yuan, a year-on-year increase of 39.02%, and net profit of 387 million yuan, a year-on-year increase of 79.26%.
Among them, the sales volume of the ceramic tile segment accounted for 3.077 billion yuan, accounting for 84.86% of the total revenue. The sales volume of glazed tiles (mainly including glazed tiles, antique tiles and porcelain tiles) was 2.665 billion yuan, and unglazed tiles ( Although it is the only product category with negative growth, it still has a sales amount of 412 million yuan; the revenue of the sanitary ware segment is 459 million yuan, accounting for 12.67% of the total revenue; the revenue of other segments is 89 million yuan, accounting for 2.46% of the total revenue .
In terms of regions, South China took the top spot with sales of 1.213 billion yuan, followed by Central China with 1.009 billion yuan, followed by North China with 622 million yuan, Southwest China with 461 million yuan, Northwest China with 207 million yuan, and foreign countries with 112 million yuan. billion.
The report also pointed out that Dongpeng Holdings has been deeply involved in brand building for 25 years, with more than 8 million product users. It has a good reputation and reputation, and the renewal of existing customers is one of Dongpeng Holdings' important user sources.
In addition, Dongpeng Holdings' production bases are located in major ceramic production areas such as South China, North China, and Southwest China. It is a ceramics enterprise with its own production bases nationwide. It has 12 major ceramic tile and sanitary ware production bases including Foshan in Guangdong, Qingyuan, Jiangmen, Gaoming, Fengcheng in Jiangxi, Yongchuan in Chongqing, Lixian in Hunan, Zibo in Shandong, Yuanqu in Shanxi and Hukou in Jiangxi, and has a large amount of construction land reserves. More than 40 advanced production lines for ceramic tiles and sanitary ware are listed by the Ministry of Industry and Information TechnologyThe first batch of green factory demonstration units.
On August 13, Stone Co., Ltd.’s 2021 semi-annual report showed that its revenue in the first half of the year was 195 million yuan, a year-on-year increase of 78.97%; its net profit was 30.8706 million yuan, a significant increase compared with -488,700 yuan in the same period last year.
According to the shareholdings of the top ten shareholders in Stone's semi-annual report, Huang Jianping ranks as the second largest shareholder with a shareholding ratio of 7.4%; and Guangdong Weide, the largest shareholder with a shareholding ratio of 11% Industrial Investment Co., Ltd. (hereinafter referred to as "Weide Industrial"), according to information from Tianyancha, Huang Jianping is the legal person and major shareholder of Weide Industrial, with a shareholding ratio of 72.5%. In other words, Huang Jianping is now the de facto largest shareholder behind Stone.
On August 28, Stone Co., Ltd. issued a "Liquidation Announcement for the Tender Offer to Acquire the Company's Shares", stating that Weide Industrial planned to acquire 33,601,680 shares of Stone Co., Ltd. at a price of 6.6 yuan/share. The tender offer period It expired on August 26, 2021. According to statistics provided by the Shanghai Branch of China Securities Depository and Clearing Co., Ltd., during the tender offer period from July 28, 2021 to August 26, 2021, there were ultimately 27 accounts A total of 29,647,032 shares accepted the offer issued by the acquirer; among which the company's controlling shareholders and actual controllers accepted the offer for a total of 29,622,332 shares, accounting for 9.26% of the company's total shares. The details are as follows:
The "Liquidation Announcement for the Tender Offer to Acquire the Company's Shares" also states that Weide Industrial will purchase 29,647,032 shares of the company in accordance with the tender offer conditions of the "Tender Offer Report" (calculated at a price of 6.6 yuan/share, and the acquisition fee is 196 million Yuan), after the completion of this tender offer, the equity distribution of Stone Co., Ltd. still meets the listing conditions, and the listing status will not be affected. The control rights of Stone Co., Ltd. may change, and the relevant equity change report will be disclosed after the completion of the share delivery.
In addition, Weide Industrial has fulfilled relevant obligations in accordance with the relevant regulations of the Shanghai Stock Exchange and the Shanghai Branch of China Securities Depository and Clearing Corporation, and the clearing and transfer procedures for this tender offer will be processed in the near future.
According to previous announcements, after the tender offer is completed, Weide Industrial and its concerted parties Huang Jianping, Xie Yuezeng and Deng Jianhua will hold a total of 115,202,032 Sitong shares, accounting for 35.99% of the total share capital.
On August 20, Huida Sanitary Ware’s 2021 semi-annual report showed that its revenue was 1.743 billion yuan, a year-on-year increase of 32.38%, and its net profit was 112 million yuan, a year-on-year decrease of 12.94%.
Huida Sanitary Ware, founded in 1982, is headquartered in Tangshan City, Hebei Province. It currently has two core production bases in Tangshan and Chongqing. It mainly produces sanitary ware, ceramic tiles and integrated bathroom products. Among them, sanitary ware includes Sanitary ceramics, hardware and sanitary ware, bathtubs, shower rooms and bathroom cabinets. Ceramic tiles mainly include interior wall tiles and floor tiles.
In terms of products, in the first half of this year, Huida Sanitary Ware's revenue in the sanitary ceramics sector accounted for 896 million yuan, accounting for 51.82% of its main business revenue. The revenue from the hardware and sanitary ware sector accounted for 291 million yuan, accounting for 16.84% of its main business revenue. Ceramic tiles Segment revenue of 237 million yuan accounted for 13.69% of main business revenue.
In the first half of the year, the "Huida" brand opened 112 new stores in blank markets and upgraded 108 stores. As of June 30, 2021, the "Huida" brand has a total of 2,323 domestic stores with a total area of 438,000 square meters, including 1,900 "Huida" brand bathroom product stores with a total area of 343,900 square meters; "There are 423 brand ceramic tile product stores with a total area of 94,100 square meters.
In the ceramic tile sector, Huida Sanitary Ware is increasing investment. On August 27, 2021, Huida Sanitary Ware issued the "Announcement on the Progress of Completing the Industrial and Commercial Change Registration and Signing of the Investment Cooperation Framework Agreement of Beiliu Xinshengda New Materials Co., Ltd.", showing that it has invested 130 million yuan in monetary funds with Huida. The equity platform and the New Goldman Sachs equity holding platform jointly increased capital in Xinshengda. After the capital increase, Huida Sanitary Ware will directly hold 70.61% of the equity in Xinshengda.
Recently, Xinshengda completed the industrial and commercial change registration and obtained the "Business License" renewed by the Beiliu Municipal Administration for Market Regulation. The legal representative is Tang Shuodu.
On August 21, Yuexin Health’s 2021 semi-annual report was released. Revenue of 564 million yuan increased by 25.01% year-on-year, and net profit was 24.7315 million yuan, a year-on-year increase of 5.65%.
To date, Yuexin Health has formed four major business sectors: fashionable and healthy building materials (ceramic tiles and negative ion health materials), medical services, elderly care services, and investment real estate leasing. Among them, the fashionable and healthy building materials business has achieved salesThe revenue from the comprehensive health (medical and elderly care) business was 486 million yuan, accounting for 86.22%; the revenue from the comprehensive health (medical and elderly care) business was 40 million yuan, accounting for 7.16%; the warehouse leasing business achieved revenue of 31 million yuan, accounting for 5.42%.
Among them, the ceramic tile sector still accounts for the highest proportion. In the first half of 2021, Yuexin Health continued to increase its efforts to expand engineering sales channels for the construction ceramics business, strengthen the development and introduction of engineering customers, and at the same time actively expand distribution channels and increase product innovation and development. In the first half of the year, the ceramic tile sector's revenue was 483 million yuan, accounting for 85.66% of the total revenue, an increase of 115 million yuan over the same period last year, a year-on-year increase of 31.31%; the ceramic tile sector's operating costs were 365 million yuan, with a gross profit margin of 24.36%.
On August 25, Haiou Housing’s 2021 semi-annual report showed that revenue was 1.983 billion yuan, a year-on-year increase of 50.17%, and net profit was 82 million yuan, a year-on-year increase of 100.44%.
Haiou Zhugong is mainly engaged in the research and development, manufacturing and services of high-end sanitary ware, ceramics, bathtubs, shower rooms, bathroom cabinets, integrated cabinets, ceramic tiles and other parts in the prefabricated bathroom space. Mainly in the field of smart home Carry out the continuous layout of smart portals and security projects.
During the reporting period, Haiou Zhongguo’s products with the largest proportion were hardware faucets, with revenue of 1.224 billion yuan accounting for 61.74% of total revenue; followed by ceramic tile products with revenue of 373 million yuan, accounting for 18.81% of total revenue.
The first half report of Haiou Residential also shows that its ceramic tile business achieved operating income of 373 million yuan, an increase of 177.95% from 134 million yuan in the same period last year. Among them, Champion Tiles achieved operating income of 238 million yuan, an increase of 117.28% from 110 million yuan in the same period last year. .
On August 31, Diou Home Furnishing’s 2021 semi-annual report showed that its revenue was 3.130 billion yuan, a year-on-year increase of 15.70%, and its net profit was 273 million yuan, a year-on-year increase of 8.19%.
As of June 2021, Diou Home has 828 bathroom dealers and 936 terminal stores nationwide; there are more than 1,400 ceramic tile product dealers (agents) and more than 4,000 terminal stores. At the same time, various dealers of Diou Home Furnishing are accelerating the transformation from single retail business to omni-channel business services, and they have also established close business relationships with many outstanding developers in the real estate industry.
Among them, the ceramic tile business achieved revenue of 27.29 billion yuan accounted for 87.19% of total revenue (the same below), a year-on-year increase of 11.10%; the sanitary ware business achieved revenue of 332 million yuan, accounting for 10.60%, a year-on-year increase of 82.47%.
In terms of regions, East China accounted for 33.71% with 1.055 billion yuan, but it decreased by 0.84% year-on-year; South China accounted for 656 million yuan, accounting for 20.94%, Central China accounted for 480 million yuan, accounting for 15.32%, and Southwest China accounted for 445 million yuan. Compared with 14.23%; although North China only accounted for 8.74% with 274 million yuan, it increased by 91.74% year-on-year.
(Article reproduced from Ceramic Information)
