In the first half of the year, the profit of the coatings industry increased by more than 30%

Recently, the China Coatings Industry Association announced the economic performance of the industry in the first half of 2021
.

The reporter combed and found that in the first half of this year, under the general stable domestic epidemic situation, the overall economic operation of China's coatings industry achieved steady growth, achieving main business income of 170 billion yuan, total profit of 11.

Accelerating cost rise

　Accelerated　cost riseaccelerated cost rise

In the first half of this year, the overall economic operating costs of the coatings industry showed an upward trend, and management costs were basically stable, which is closely related to the current economic environment
.

The reporter learned that in the first half of the year, the operating costs of coatings companies basically maintained a growth rate of more than 12%, which dragged down the profit growth of the industry and should be taken seriously
.

The Coatings Industry Association conducted a survey and analysis of companies.

From the second half of 2020 to the first half of 2021, the prices of upstream raw materials for coatings have been operating at a high level.
For example, the market prices of titanium dioxide, resins, and additives have continued to rise, which has brought about the production of coatings.

In addition, the industry's product sales cost and financial cost growth rate are also on the rise
.

On the one hand, it shows that the demand for coating products in the downstream field of coatings is not high enough.

　　In this regard, the Coatings Industry Association puts forward two suggestions: First, companies should focus on the raw material procurement costs in operating costs, and increase their bargaining power by means of centralized procurement; second, companies should pay attention to the development of high-quality and green products.
Rather than low-end homogeneous competition, it is necessary to increase R&D and other labor costs and material costs, reduce sales costs and financial costs, so as to achieve the purpose of promoting quantity and price for quality, and ensuring the increase in corporate revenue
.

　　Accelerating debt growth

　Accelerated　debt growth 　 accelerated debt growth

　　Compared with the first half of 2019, the cumulative monthly growth rates of finished products, inventories, liabilities, and accounts receivable in the coatings industry during the same period of this year all showed an upward trend, especially in the second quarter
.

　　From the perspective of accounts receivable, the total accounts receivable in the first quarter was basically the same as the same period in 2019, and the growth rate was within 3%, which is a relatively low level
.

The total amount of accounts receivable in the second quarter increased significantly compared with the same period in 2019.

　　In terms of inventory, the inventory in 2021 is generally higher than the same period in 2019.
As of the end of June, the total increase has exceeded 5.
5 billion yuan.
The growth of total inventory and inventory has accelerated since April, exceeding 17%, and exceeding 20% ​​in June.

.

　　From the perspective of finished products, the growth trend is almost the same as the inventory growth.
The increase in the first and second quarters is almost in balance with 2019.
There has been a significant increase since May.
Taking into account the peak season demand in the third quarter, it belongs to Within the range of normal growth
.

　　From the perspective of corporate debt, the total corporate debt has increased significantly in the first half of this year, with a cumulative monthly increase of about 25 billion yuan, a growth rate of more than 20%
.

　　The Coatings Industry Association stated that in view of the particularity of the coatings industry, the third quarter will usher in a peak period of sales and construction.
Inventory pressure will be appropriately reduced, and the growth rate will decrease.
Enterprises should also pay close attention to the relationship between market supply and demand and adjust production tasks appropriately.
, Reduce inventory risk
.

In addition, in the second half of the year, companies should also pay close attention to the growth rate of accounts receivable and liabilities, increase the flow of funds, reduce liquidity risks, and reduce corporate pressure

　　The epidemic still affects

　The epidemic still affects the　epidemic still affects

　　In the first half of the year, sporadic epidemics that occurred in individual regions in China had a greater impact on the production, logistics, and material supply of coating companies in their respective regions, and ultimately caused rapid growth in corporate costs, lagging market supply or temporary suspension
.

The relevant situation has attracted the attention of the Ministry of Industry and Information Technology, and timely coordinated solutions to key issues such as epidemic prevention and control, production guarantee, material supply, and logistics evacuation of enterprises in key areas where the epidemic is spreading.

　　In this regard, the Coatings Industry Association recommends that coating companies in areas affected by the epidemic can communicate with the association in time on specific production, logistics, and local prevention and control policy details, and quickly feedback to relevant departments through the association to form a rapid response mechanism for specific issues.
And be coordinated to solve
.

　　In general, in the first half of this year, the overall economic operation of China's coatings industry was stable, which is a normal growth category.
However, the rising tide of upstream raw materials and the long-term high-level operation situation have had a greater impact on the production costs of enterprises
.

Therefore, enterprises in the industry should pay close attention to the rapid growth of costs, liabilities, accounts receivable, and adjust product structure and production orders in a timely manner to strive for better performance in the third quarter