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A few days ago, eight companies including Akzo Nobel, Sherwin-Williams, Axalta, Eastman Chemicals, Masco, Astronergy, Oriental Yuhong, and Feilu Group announced their 2019 financial reports (and forecasts).
Akzo Nobel, Sherwin-Williams, Axalta, Eastman Chemicals, Masco, Astronergy, Oriental Yuhong, and Feilu Group have
integrated eight financial reports and found that due to the global economic downturn, the cost of raw materials has risen and the end market Under the influence of weak demand, many companies have adopted strategies to achieve revenue or net profit growth in 2019 by upgrading product structure, optimizing customer structure, and increasing gross profit margin .
Through upgrading the product structure and optimizing the customer structure, and improving the gross profit margin, the specific financial report information is organized as follows:
1.
Akzo Nobel: 2019 revenue of 10.
4 billion U.
S.
dollars 1.
Akzo Nobel: 2019 revenue of 10.
4 billion U.
S.
dollars February 12, Akzo Nobel (AkzoNobel) announced the 2019 financial performance report.
The annual sales amounted to 9.
276 billion euros, or about 10.
393 billion U.
S.
dollars, the same as the same period last year .
About 10.
393 billion U.
S.
dollars, the same period last year.
Adjusted operating income increased by 24% to 991 million euros (the same period in 2018: 798 million euros), mainly due to the advancement of pricing strategies and cost-saving projects; operating income increased by 39% , Reaching 841 million euros , and the net income generated from overall operations was 538 million euros, including 22 million euros from discontinued operations.
Operating income increased by 39%, reaching 841 million Euros
.
The main reason for the performance.
The main reason for the performance.
According to the report, Akzo Nobel’s sales in mature Europe, Asia Pacific, North America, Emerging Europe, South America, and other regions in 2019 were 3.
246.
6 billion euros, 2.
782.
8 billion euros, 1.
1131 million euros, 927.
6 million euros, 834.
8 million euros, and 371.
0 million euros, respectively.
.
The main reasons for its stable performance and good development are as follows: 1.
The cost of raw materials has risen and the end market demand is weak.
2.
Performance improvement accelerated in the second half of 2019, and the return on business sales rose by nearly 200 basis points to 12.
5%.
200 basis points 3.
The main reason for the decline in sales is the implementation of the "value is better than sales" strategy.
4.
After the sale of specialty chemicals, 6.
5 billion euros were returned to shareholders .
6.
5 billion euros.
2.
Sherwin-Williams : Sales of 17.
9 billion U.
S.
dollars in 2019 2.
Sherwin-Williams : Sales of 17.
9 billion U.
S.
dollars in 2019 On January 30, Sherwin-Williams announced its financial results for the full year and the fourth quarter as of December 31, 2019.
Compared with the same period in 2018, Sherwin-Williams 2019 consolidated net sales increased by US$366 million, an increase of 2.
1%, to US$17.
9 billion .
Sherwin-Williams net profit in 2019 was US$1.
541 billion, a year-on-year increase of 39.
01%.
An increase of 2.
1%, to 17.
9 billion US dollars, net profit was 1.
541 billion US dollars, an increase of 39.
01% year-on-year.
The main reason affecting the performance The main reason affecting the performance is Sherwin-William's record-breaking performance in 2019.
The driving factor is the higher-than-expected market growth of North American paint shops and the increase in profitability in all market segments of Sherwin-William.
.
Sales increased to 17.
90 billion US dollars.
This was because the strength of Sherwin-Williams store platform and the growth of cooperation with North America's largest retail partners offset the weakness in certain industrial end markets and the turbulence of Sherwin-William's international business.
The North American paint shop's market growth is higher than expected, and the profit margins of all market segments of
Sherwin-Williams have increased.
3.
Axalta: 2019 revenue of 4.
5 billion U.
S.
dollars 3.
Axalta: 2019 revenue of 4.
5 billion U.
S.
dollars in 20201 On 30th, Axalta announced its fourth quarter and full-year financial results as of December 31, 2019.
Net sales for the full year of 2019 were US$4.
482 billion, a year-on-year decrease of 4.
6% .
In 2019, it achieved a net profit of 252.
6 million U.
S.
dollars, an increase of 18.
42% year-on-year.
Net sales were US$4,482 million, a year-on-year decrease of 4.
6%.
Net profit was US$ 252.
6 million, a year- on-year increase of 18.
42%.
Main reasons affecting performance Main reasons affecting performance In 2019, Axalta launched more than 250 new products, and continued to adopt necessary pricing measures and continuously improve productivity to offset the substantial increase in input costs in the past few years .
This enabled Axalta to achieve many of its main goals for the year, including significantly exceeding its free cash flow target, and despite a slight decline in sales, operating margins have improved.
Take necessary pricing measures and continuously improve productivity to offset the sharp increase in input costs in the past few years
4.
Eastman: 2019 sales of US$92.
73 billion 4.
Eastman: 2019 sales of US$92.
73 billion February 2020 On the 6th, Eastman Chemical Company (NYSE:EMN) released its 2019 fourth quarter and full year financial reports.
The report shows that Eastman's sales revenue for the full year of 2019 was US$92.
73 billion(Equivalent to RMB 645.
439 billion), profit before interest and tax was 11.
2 billion US dollars (equivalent to RMB 77.
956 billion), and adjusted profit before interest and tax was US $ 13.
89 billion (equivalent to RMB 96.
680 billion).
For the full year of 2019, Eastman’s sales revenue was US$92.
73 billion and the adjusted EBIT was US$13.
89 billion
.
The main reason for the impact on performance was the main reason for performance.
Although the severe global economic situation has affected the non-essential goods market such as transportation, Iraq In 2019, Siemann still vigorously promoted the revenue growth of new businesses through innovation and market development , especially in the field of specialty materials, which became a powerful boost to the company's performance growth.
Vigorously promote the revenue growth of new businesses through innovation and market development
5.
Masco: 2019 sales of 6.
707 billion U.
S.
dollars 5.
Masco: 2019 sales of 6.
707 billion U.
S.
dollars On February 11, Masco announced 2019 annual performance report.
For the full year of 2019, sales increased by 1% to US$6.
707 billion ; operating profit increased by 1% to US$1.
088 billion; adjusted operating profit fell by 1% to US$1.
110 billion.
Net profit was US$980 million, a year-on-year increase of 25%.
Sales for the full year of 2019 increased by 1% to US$6.
707 billion.
The financial report shows that the sales of Masco's architectural decoration products business in 2019 were US$2.
723 billion, a year-on-year increase of 3%; operating profit was US$480 million, a year-on-year increase of 5.
26%.
Among them, the net sales of architectural coatings from 2017 to 2019 accounted for 32%, 30% and 31% of the group's consolidated net sales respectively.
Therefore, the sales of Baise Bear from 2017 to 2019 were 1.
90 billion U.
S.
dollars, 1.
996 billion U.
S.
dollars, and 2.
079 billion U.
S.
dollars (a year-on-year increase of 4.
16%).
The sales of Baise Bear from 2017 to 2019 were 1.
90 billion U.
S.
dollars, 1.
996 billion U.
S.
dollars, and 2.
079 billion U.
S.
dollars (a year-on-year increase of 4.
16%).
The main reason affecting performance The main reason affecting performance The financial report shows that Masco’s Baise bear products are sold through Home Depot.
Home Depot is the company’s largest customer and the largest customer in this market segment .
Thanks to this, the architectural coatings business has steadily improved.
.
Home Depot is the company's largest customer and the largest customer in this market segment.
In addition, in 2019, North American plumbing, paint and other coating products have achieved steady growth .
Masco completed the sale of Milgard's door and window business, signed an agreement to sell Masco's cabinet business, and returned $495 million to shareholders through stock repurchases and dividends during the quarter.
North America’s plumbing, paint and other coating products have achieved steady growth.
6.
Astro: 2019 net profit is expected to be 106 million-117 million.
6.
Astro : 2019 net profit is expected to be 106 million-117 million.
yuan recently, Ashley Chong energy Technology (Shanghai) Co.
, Ltd.
(hereinafter referred to as: Ashley CUANON) released 2019 results notice.
It is estimated that the net profit attributable to shareholders of listed companies in 2019 will be 106 million-117 million yuan , which will increase from 47 million yuan to 58.
73 million yuan compared with the same period of the previous year, an increase of 80% to 100% year-on-year; the net profit is 106 million yuan -1.
17 one hundred million yuan
mainly due to the impact of the performance impact the performance of the main reasons the reporting period, Ashley CUANON expected net profit attributable to shareholders of listed companies to achieve a significant increase over a year earlier, mainly because the main Business income has increased significantly, The overall gross profit margin of main products has increased, and non-recurring gains and losses are mainly government subsidies and financial income, which is an increase of about 23 million yuan over the same period last year .
The main business income has increased significantly by about 23 million yuan over the same period of the previous year.
7.
Oriental Yuhong: revenue of 18.
139 billion yuan in 2019.
7.
Oriental Yuhong: revenue of 18.
139 billion yuan in 2019.
On the evening of February 11, Beijing Oriental Yuhong Waterproof Technology Co.
, Ltd.
announced the announcement of the 2019 annual performance report.
During the reporting period, the company achieved operating income of 18.
139 billion yuan, a year-on-year increase of 29.
14% ; operating profit was 2.
652 billion yuan, a year-on-year increase of 45.
89 %; net profit attributable to the parent was 2.
085 billion yuan, a year-on-year increase of 45.
89%.
Among them, operating income in the fourth quarter was 5.
244 billion yuan, a year-on-year increase of 10.
5%, and net profit attributable to the parent was 519 million yuan, a year-on-year increase of 31.
7%.
Operating income was 18.
139 billion yuan, a year-on-year increase of 29.
14%
.
The main reason for the performance was the main reason for the performance.
During the reporting period, the company achieved a year-on-year increase of 29.
14% in total operating revenue, mainly due to the continuous improvement of the company’s brand influence and product sales.
The year-on-year growth is due to the increase in the scale of the material sales business and construction service business, and the gradual increase in gross profit.
Product sales increased year-on-year
8.
Feilu Group: Net profit in 2019 decreased by 0%-30% year-on-year 8.
Feilu Group: Net profit in 2019 decreased by 0%-30% year-on-year.
A few days ago, Zhuzhou Feilu Advanced Materials Technology Co.
, Ltd.
announced 2019 performance forecast.
According to the preliminary calculations of the financial department of Feilu Co.
, Ltd.
, the net profit of Feilu Co.
, Ltd.
attributable to shareholders of listed companies in 2019 is expected to be RMB 17,692,100-RMB 25,274,400.
, The profit in the same period last year was RMB 25,274,400, a decrease of 0%-30% from the same period last year.
Net profit is expected to be RMB 17,692,100-RMB 25,274,400, a decrease of 0%-30% from the same period of the previous year.
The main reason affecting the performance The main reason affecting the performance Feilu shares stated that during the reporting period, due to the needs of the company's strategic layout and development planning, various period expenses increased significantly, and the proportion of period expenses increased, which had a negative impact on the net profit of this year.
, Mainly: 1.
In February 2019, the company's new high-tech R&D and testing building project was solidified, resulting in a substantial increase in the depreciation of fixed assets.
2.
The company's investment and construction activities have increased the demand for funds, and the increase in bank borrowings has resulted in a substantial increase in interest expenses over the same period of the previous year.
3.
Projects such as consulting fees for investment, financing and corporate management, service fees for intermediaries, salaries and benefits, and amortization of restricted stocks have increased expenditures.
Akzo Nobel, Sherwin-Williams, Axalta, Eastman Chemicals, Masco, Astronergy, Oriental Yuhong, and Feilu Group have
integrated eight financial reports and found that due to the global economic downturn, the cost of raw materials has risen and the end market Under the influence of weak demand, many companies have adopted strategies to achieve revenue or net profit growth in 2019 by upgrading product structure, optimizing customer structure, and increasing gross profit margin .
Through upgrading the product structure and optimizing the customer structure, and improving the gross profit margin, the specific financial report information is organized as follows:
1.
Akzo Nobel: 2019 revenue of 10.
4 billion U.
S.
dollars 1.
Akzo Nobel: 2019 revenue of 10.
4 billion U.
S.
dollars February 12, Akzo Nobel (AkzoNobel) announced the 2019 financial performance report.
The annual sales amounted to 9.
276 billion euros, or about 10.
393 billion U.
S.
dollars, the same as the same period last year .
About 10.
393 billion U.
S.
dollars, the same period last year.
Adjusted operating income increased by 24% to 991 million euros (the same period in 2018: 798 million euros), mainly due to the advancement of pricing strategies and cost-saving projects; operating income increased by 39% , Reaching 841 million euros , and the net income generated from overall operations was 538 million euros, including 22 million euros from discontinued operations.
Operating income increased by 39%, reaching 841 million Euros
.
The main reason for the performance.
The main reason for the performance.
According to the report, Akzo Nobel’s sales in mature Europe, Asia Pacific, North America, Emerging Europe, South America, and other regions in 2019 were 3.
246.
6 billion euros, 2.
782.
8 billion euros, 1.
1131 million euros, 927.
6 million euros, 834.
8 million euros, and 371.
0 million euros, respectively.
.
The main reasons for its stable performance and good development are as follows: 1.
The cost of raw materials has risen and the end market demand is weak.
2.
Performance improvement accelerated in the second half of 2019, and the return on business sales rose by nearly 200 basis points to 12.
5%.
200 basis points 3.
The main reason for the decline in sales is the implementation of the "value is better than sales" strategy.
4.
After the sale of specialty chemicals, 6.
5 billion euros were returned to shareholders .
6.
5 billion euros.
2.
Sherwin-Williams : Sales of 17.
9 billion U.
S.
dollars in 2019 2.
Sherwin-Williams : Sales of 17.
9 billion U.
S.
dollars in 2019 On January 30, Sherwin-Williams announced its financial results for the full year and the fourth quarter as of December 31, 2019.
Compared with the same period in 2018, Sherwin-Williams 2019 consolidated net sales increased by US$366 million, an increase of 2.
1%, to US$17.
9 billion .
Sherwin-Williams net profit in 2019 was US$1.
541 billion, a year-on-year increase of 39.
01%.
An increase of 2.
1%, to 17.
9 billion US dollars, net profit was 1.
541 billion US dollars, an increase of 39.
01% year-on-year.
The main reason affecting the performance The main reason affecting the performance is Sherwin-William's record-breaking performance in 2019.
The driving factor is the higher-than-expected market growth of North American paint shops and the increase in profitability in all market segments of Sherwin-William.
.
Sales increased to 17.
90 billion US dollars.
This was because the strength of Sherwin-Williams store platform and the growth of cooperation with North America's largest retail partners offset the weakness in certain industrial end markets and the turbulence of Sherwin-William's international business.
The North American paint shop's market growth is higher than expected, and the profit margins of all market segments of
Sherwin-Williams have increased.
3.
Axalta: 2019 revenue of 4.
5 billion U.
S.
dollars 3.
Axalta: 2019 revenue of 4.
5 billion U.
S.
dollars in 20201 On 30th, Axalta announced its fourth quarter and full-year financial results as of December 31, 2019.
Net sales for the full year of 2019 were US$4.
482 billion, a year-on-year decrease of 4.
6% .
In 2019, it achieved a net profit of 252.
6 million U.
S.
dollars, an increase of 18.
42% year-on-year.
Net sales were US$4,482 million, a year-on-year decrease of 4.
6%.
Net profit was US$ 252.
6 million, a year- on-year increase of 18.
42%.
Main reasons affecting performance Main reasons affecting performance In 2019, Axalta launched more than 250 new products, and continued to adopt necessary pricing measures and continuously improve productivity to offset the substantial increase in input costs in the past few years .
This enabled Axalta to achieve many of its main goals for the year, including significantly exceeding its free cash flow target, and despite a slight decline in sales, operating margins have improved.
Take necessary pricing measures and continuously improve productivity to offset the sharp increase in input costs in the past few years
4.
Eastman: 2019 sales of US$92.
73 billion 4.
Eastman: 2019 sales of US$92.
73 billion February 2020 On the 6th, Eastman Chemical Company (NYSE:EMN) released its 2019 fourth quarter and full year financial reports.
The report shows that Eastman's sales revenue for the full year of 2019 was US$92.
73 billion(Equivalent to RMB 645.
439 billion), profit before interest and tax was 11.
2 billion US dollars (equivalent to RMB 77.
956 billion), and adjusted profit before interest and tax was US $ 13.
89 billion (equivalent to RMB 96.
680 billion).
For the full year of 2019, Eastman’s sales revenue was US$92.
73 billion and the adjusted EBIT was US$13.
89 billion
.
The main reason for the impact on performance was the main reason for performance.
Although the severe global economic situation has affected the non-essential goods market such as transportation, Iraq In 2019, Siemann still vigorously promoted the revenue growth of new businesses through innovation and market development , especially in the field of specialty materials, which became a powerful boost to the company's performance growth.
Vigorously promote the revenue growth of new businesses through innovation and market development
5.
Masco: 2019 sales of 6.
707 billion U.
S.
dollars 5.
Masco: 2019 sales of 6.
707 billion U.
S.
dollars On February 11, Masco announced 2019 annual performance report.
For the full year of 2019, sales increased by 1% to US$6.
707 billion ; operating profit increased by 1% to US$1.
088 billion; adjusted operating profit fell by 1% to US$1.
110 billion.
Net profit was US$980 million, a year-on-year increase of 25%.
Sales for the full year of 2019 increased by 1% to US$6.
707 billion.
The financial report shows that the sales of Masco's architectural decoration products business in 2019 were US$2.
723 billion, a year-on-year increase of 3%; operating profit was US$480 million, a year-on-year increase of 5.
26%.
Among them, the net sales of architectural coatings from 2017 to 2019 accounted for 32%, 30% and 31% of the group's consolidated net sales respectively.
Therefore, the sales of Baise Bear from 2017 to 2019 were 1.
90 billion U.
S.
dollars, 1.
996 billion U.
S.
dollars, and 2.
079 billion U.
S.
dollars (a year-on-year increase of 4.
16%).
The sales of Baise Bear from 2017 to 2019 were 1.
90 billion U.
S.
dollars, 1.
996 billion U.
S.
dollars, and 2.
079 billion U.
S.
dollars (a year-on-year increase of 4.
16%).
The main reason affecting performance The main reason affecting performance The financial report shows that Masco’s Baise bear products are sold through Home Depot.
Home Depot is the company’s largest customer and the largest customer in this market segment .
Thanks to this, the architectural coatings business has steadily improved.
.
Home Depot is the company's largest customer and the largest customer in this market segment.
In addition, in 2019, North American plumbing, paint and other coating products have achieved steady growth .
Masco completed the sale of Milgard's door and window business, signed an agreement to sell Masco's cabinet business, and returned $495 million to shareholders through stock repurchases and dividends during the quarter.
North America’s plumbing, paint and other coating products have achieved steady growth.
6.
Astro: 2019 net profit is expected to be 106 million-117 million.
6.
Astro : 2019 net profit is expected to be 106 million-117 million.
yuan recently, Ashley Chong energy Technology (Shanghai) Co.
, Ltd.
(hereinafter referred to as: Ashley CUANON) released 2019 results notice.
It is estimated that the net profit attributable to shareholders of listed companies in 2019 will be 106 million-117 million yuan , which will increase from 47 million yuan to 58.
73 million yuan compared with the same period of the previous year, an increase of 80% to 100% year-on-year; the net profit is 106 million yuan -1.
17 one hundred million yuan
mainly due to the impact of the performance impact the performance of the main reasons the reporting period, Ashley CUANON expected net profit attributable to shareholders of listed companies to achieve a significant increase over a year earlier, mainly because the main Business income has increased significantly, The overall gross profit margin of main products has increased, and non-recurring gains and losses are mainly government subsidies and financial income, which is an increase of about 23 million yuan over the same period last year .
The main business income has increased significantly by about 23 million yuan over the same period of the previous year.
7.
Oriental Yuhong: revenue of 18.
139 billion yuan in 2019.
7.
Oriental Yuhong: revenue of 18.
139 billion yuan in 2019.
On the evening of February 11, Beijing Oriental Yuhong Waterproof Technology Co.
, Ltd.
announced the announcement of the 2019 annual performance report.
During the reporting period, the company achieved operating income of 18.
139 billion yuan, a year-on-year increase of 29.
14% ; operating profit was 2.
652 billion yuan, a year-on-year increase of 45.
89 %; net profit attributable to the parent was 2.
085 billion yuan, a year-on-year increase of 45.
89%.
Among them, operating income in the fourth quarter was 5.
244 billion yuan, a year-on-year increase of 10.
5%, and net profit attributable to the parent was 519 million yuan, a year-on-year increase of 31.
7%.
Operating income was 18.
139 billion yuan, a year-on-year increase of 29.
14%
.
The main reason for the performance was the main reason for the performance.
During the reporting period, the company achieved a year-on-year increase of 29.
14% in total operating revenue, mainly due to the continuous improvement of the company’s brand influence and product sales.
The year-on-year growth is due to the increase in the scale of the material sales business and construction service business, and the gradual increase in gross profit.
Product sales increased year-on-year
8.
Feilu Group: Net profit in 2019 decreased by 0%-30% year-on-year 8.
Feilu Group: Net profit in 2019 decreased by 0%-30% year-on-year.
A few days ago, Zhuzhou Feilu Advanced Materials Technology Co.
, Ltd.
announced 2019 performance forecast.
According to the preliminary calculations of the financial department of Feilu Co.
, Ltd.
, the net profit of Feilu Co.
, Ltd.
attributable to shareholders of listed companies in 2019 is expected to be RMB 17,692,100-RMB 25,274,400.
, The profit in the same period last year was RMB 25,274,400, a decrease of 0%-30% from the same period last year.
Net profit is expected to be RMB 17,692,100-RMB 25,274,400, a decrease of 0%-30% from the same period of the previous year.
The main reason affecting the performance The main reason affecting the performance Feilu shares stated that during the reporting period, due to the needs of the company's strategic layout and development planning, various period expenses increased significantly, and the proportion of period expenses increased, which had a negative impact on the net profit of this year.
, Mainly: 1.
In February 2019, the company's new high-tech R&D and testing building project was solidified, resulting in a substantial increase in the depreciation of fixed assets.
2.
The company's investment and construction activities have increased the demand for funds, and the increase in bank borrowings has resulted in a substantial increase in interest expenses over the same period of the previous year.
3.
Projects such as consulting fees for investment, financing and corporate management, service fees for intermediaries, salaries and benefits, and amortization of restricted stocks have increased expenditures.
