Dynasky Materials revenue in the first half of 2020 was nearly 300 million yuan, and profit fell 30% year-on-year.

Powder coatings and coatings learned that China Electric Research (688128) recently released the 2020 half-year report, the first half of 2020 the company achieved operating income of 1,086.2 million yuan, a decrease of 21.76 percent year-on-year
; According to the financial results, Dynasky Materials achieved operating income of RMB291.5 million in the first half of 2020, down 21.92% YoY, and net profit of RMB14.63 million, down 29.82% YoY. This period is mainly due to the decline in business due to the impact of the new crown

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reporting period, the company has the main core technology including "fast curing powder coating and coating technology for couloing", the technology has broken through the key technology, industrial transformation process, mainly used in environmental protection coatings and resins, the technology successfully broke through the powder coating under the conditions of rapid curing resulting in inadequate curing, affecting the surface of the coating weather resistance, chemical resistance, weather resistance, mechanical properties (impact) Key technical problems such as performance, flexibility) decline, etc., solve the key technical problems of the substrate not easy to powder and the coating thin coating (30 to 50 m) of coil powder coating can not achieve high masking and leveling, and realize the industrialization demonstration application of the special powder coating for rolled steel coating.
In addition, the company in the research project includes "roll steel high-speed color coating special powder coating industrialization research", the project has completed most of the research, products into the batch application stage, and has sent samples to third-party testing institutions for testing. Research and development of 60-100m/min coating line speed of rolled steel high-speed color coating special powder coating and supporting resin key technology, can replace solvent-based coatings, to achieve industrial applications. Rolled steel high-speed color coating special powder coating technology in the domestic leading level. The project will solve the current stage of domestic coil coating due to the use of solvent-based coating caused by environmental pollution problems, to achieve effective replacement, to meet the needs of the industry, the market prospects are good.
powder coating and coating also learned that Dynasky Materials also plans to invest 360 million yuan in Dongguan Shatian Town to build Dynasky high decorative high-performance powder coatings and industrial water-based coatings projects, mainly the construction of research and development buildings, powder coating workshop, powder coating warehouse, water Sex paint workshop, water-based paint warehouse, acrylic workshop, public room, etc., including: powder coating 15000 tons / year, water-based paint 12000 tons / year, solid acrylic resin 3000 tons / year.
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