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On the 16th, Jinlitai released a report for the third quarter of 2020: From July to September, Jinlitai achieved operating income of 257 million yuan, a year-on-year increase of 28.
8%; net profit attributable to listed shareholders was 50.
25 million yuan, a year-on-year increase of 432.
22%; The net profit after deducting non-recurring gains and losses was 49.
43 million yuan, a year-on-year increase of 454.
31%.
Table 1.
Jinlitai's third-quarter results
Jinlitai said: In the third quarter of 2020, the company's downstream automotive industry has continued to recover.
The gradual recovery of market demand and market confidence tend to increase and continue to drive the company's product demand and order volume.
Foreign brands monopolize the domestic automotive coatings market.
The automotive coatings market environment in China is relatively closed, which is highly similar to the current situation of the automotive industry.
The market is mainly dominated by wholly-owned or joint venture automotive coatings, and is matched with the imported car series, that is, the car products imported from which country.
Regarding which country's automotive coating system is used, the domestic high-end automotive coatings market is almost entirely monopolized by foreign brands.
As the world’s largest automotive market, China has also attracted multinational coating companies to enter the domestic automotive coatings market.
Foreign-funded passenger car coatings have accounted for more than 80% of the market.
Representative companies include PPG, Kansai (including Xiangjiang Kanxi) ), BASF, Axalta, Nippon, KCC, Akzo Nobel, etc.
, especially in the passenger car OEM coatings market is almost a monopoly.
Independent research and development, squeeze the market of foreign brand automotive coatings.
Jinlitai was established in 1993.
It has been committed to the research and development and production of high-performance automotive and industrial coatings for nearly 30 years.
It is currently one of the few domestic products with "full range of electrophoretic paint + full process topcoat" product matrix National enterprise.
The main products include: cathodic electrophoretic coatings, automotive topcoats, industrial topcoats, wheel coatings and ceramic coatings.
Jinlitai has created a number of domestic firsts and has continuously broken through the market barriers occupied by foreign coating giants for a long time.
It is now in addition to internationally renowned automotive coating companies (PPG, BASF, Kansai, Nippon, Axalta, Akzo Nobel, KCC) In addition, there are a few coating companies that can provide customers with a complete set of coating solutions. The self-made ability of the core resin is the key to determining the performance of the coating.
As early as 2013, Jinlitai had foresightedly developed three water-based resins through the enterprise academician expert workstation and the Fudan University laboratory to gradually build an environmentally friendly topcoat process system.
In 2020, Jinlitai will mobilize resources to continue to tackle B1B2 water-based intermediate coating-free topcoats, as well as a full range of high-solid products including metallic paints and varnishes, and promote the completion of the development of core supporting resins.
Jinlitai Chairman Jing Zongfa said: National enterprises need to have the courage to take on the new historical mission, not only to achieve core technology independence, but also the cooperation and cooperation between upstream and downstream, so that every link in the automotive industry chain They are all grown, strong, and connected to form our own "national industrial chain.
"
8%; net profit attributable to listed shareholders was 50.
25 million yuan, a year-on-year increase of 432.
22%; The net profit after deducting non-recurring gains and losses was 49.
43 million yuan, a year-on-year increase of 454.
31%.
Table 1.
Jinlitai's third-quarter results
Jinlitai said: In the third quarter of 2020, the company's downstream automotive industry has continued to recover.
The gradual recovery of market demand and market confidence tend to increase and continue to drive the company's product demand and order volume.
Foreign brands monopolize the domestic automotive coatings market.
The automotive coatings market environment in China is relatively closed, which is highly similar to the current situation of the automotive industry.
The market is mainly dominated by wholly-owned or joint venture automotive coatings, and is matched with the imported car series, that is, the car products imported from which country.
Regarding which country's automotive coating system is used, the domestic high-end automotive coatings market is almost entirely monopolized by foreign brands.
As the world’s largest automotive market, China has also attracted multinational coating companies to enter the domestic automotive coatings market.
Foreign-funded passenger car coatings have accounted for more than 80% of the market.
Representative companies include PPG, Kansai (including Xiangjiang Kanxi) ), BASF, Axalta, Nippon, KCC, Akzo Nobel, etc.
, especially in the passenger car OEM coatings market is almost a monopoly.
Independent research and development, squeeze the market of foreign brand automotive coatings.
Jinlitai was established in 1993.
It has been committed to the research and development and production of high-performance automotive and industrial coatings for nearly 30 years.
It is currently one of the few domestic products with "full range of electrophoretic paint + full process topcoat" product matrix National enterprise.
The main products include: cathodic electrophoretic coatings, automotive topcoats, industrial topcoats, wheel coatings and ceramic coatings.
Jinlitai has created a number of domestic firsts and has continuously broken through the market barriers occupied by foreign coating giants for a long time.
It is now in addition to internationally renowned automotive coating companies (PPG, BASF, Kansai, Nippon, Axalta, Akzo Nobel, KCC) In addition, there are a few coating companies that can provide customers with a complete set of coating solutions. The self-made ability of the core resin is the key to determining the performance of the coating.
As early as 2013, Jinlitai had foresightedly developed three water-based resins through the enterprise academician expert workstation and the Fudan University laboratory to gradually build an environmentally friendly topcoat process system.
In 2020, Jinlitai will mobilize resources to continue to tackle B1B2 water-based intermediate coating-free topcoats, as well as a full range of high-solid products including metallic paints and varnishes, and promote the completion of the development of core supporting resins.
Jinlitai Chairman Jing Zongfa said: National enterprises need to have the courage to take on the new historical mission, not only to achieve core technology independence, but also the cooperation and cooperation between upstream and downstream, so that every link in the automotive industry chain They are all grown, strong, and connected to form our own "national industrial chain.
"
