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Three Trees: Rapid business development and continuous expansion of production capacity

 Last Update: 2021-08-04
 Source: Internet
 Author: User

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Major listed companies in the industry: Three Trees (603737), Oriental Yuhong (002271), Asia Chuangneng (603378), Keshun Co.
, Ltd.
(300737), Jinlitai (300225), BNBM (000786), etc.

Major listed companies in the industry:

The core data of this article: paint production and sales, paint production capacity, paint business revenue, paint business gross profit margin, etc.

The core data of this article:

1.
All-round comparison of leading companies in China's coatings industry

Coating refers to a type of liquid or solid material that can be coated on the surface of an object to form a film under certain conditions for protection, decoration or other special functions (insulation, rust prevention, mildew resistance, heat resistance, etc.
)
.
China is the largest country in the production and sales of coatings in the world
.
At present, the leading domestic paint production companies in China are Sankeshu (603737), Asia Chuangneng (603378) and other companies, and their paint business accounts for more than 80%
.

2.
Three Trees: The layout of the coating business

　　In 2003, Fujian Sankeshu Paint Co.
, Ltd.
was established, and the original "Sanjiang Chemical" was officially renamed as "Sankeshu"
.
In 2016, Sankeshu was successfully listed on the Shanghai A-share main board with stock code 603737
.
In 2020, Sankeshu will become the exclusive supplier of paint for the Beijing 2022 Winter Olympics and Paralympics
.

　　3.
Three Trees: Coating Business Layout and Operating Status

　　——Coating production: The output of coatings continues to grow, and the production capacity is continuously expanded

　　From 2018 to 2020, the output of Sankeshu coatings has continued to expand, from 461,900 tons in 2018 to 994,500 tons in 2020
.
Judging from the paint products of Sankeshu, the company mainly produces wall paint
.
In 2020, Sankeshu produced 986,900 tons of wall paint, accounting for 99.
24% of paint production, and wood paint only accounted for 0.
76%
.

　　In addition, the production capacity of Sankeshu paint is nearly 2 million tons, and its paint production capacity is still being continuously expanded
.
In the first half of 2021, Sankeshu has many other projects under construction or planned, including Hubei Sankeshu’s annual output of 1 million tons of paint and supporting construction projects, Fujian Sankeshu New Materials Co.
, Ltd.
High-tech Materials Comprehensive Industrial Park project ( After the project is fully put into production, it is expected to increase the paint production capacity by nearly 3 million tons
.

　　——Paint sales: The company focuses on wall paint, focusing on the East China region

　　From 2018 to 2020, the sales of Sankeshu coatings continued to grow, from 452,900 tons in 2018 to 960,600 tons in 2020
.
From the perspective of Sankeshu's paint sales category, wall paint is its main paint product.
In 2020, Sankeshu sold 953,200 tons of wall paint, accounting for 99.
23% of paint sales, and wood paint only accounted for 0.
77%
.

　　Due to the certain regional characteristics of coatings, coating companies usually sell coatings mainly within the scope of their factory construction
.
At present, Sankeshu has 10 production bases in Sichuan, Henan, Tianjin, Anhui, Hebei, Guangdong, Hubei, etc.
, and its business covers the whole country
.
Among them, the company is mainly based in East China, South China, and Southwest China.
East China is the key layout area of Sankeshu
.
In 2020, the main business revenue of Three Trees in East China will be 3.
095 billion yuan, accounting for 39.
31%
.

　　Note: Main business revenue
.

　　4.
Three Trees: Operating Performance of Paint Business

　　Judging from the operating conditions of the coatings business, from 2018 to 2020, the revenue of Sankeshu's coatings business has grown rapidly
.
In 2018, the revenue of Sankeshu business was 3.
584 billion yuan.
By 2020, the revenue of Sankeshu coatings business reached 7.
27 billion yuan.
In just two years, Sankeshu achieved double growth in the revenue of coatings business
.

　　In terms of gross profit margin, from 2018 to 2020, the company's gross profit margin increased first and then decreased, but the overall gross profit margin remained above 44%, which has been at a relatively high level in the industry
.

　　5.
Three Trees: Coating Business Development Plan

　　According to the overall development goal of the coating industry during the "14th Five-Year Plan" period, the total economic output of the coatings industry has maintained steady growth, with an average annual growth rate of about 4% in total output value
.
By 2025, the total output value of the coatings industry is expected to increase to about 370 billion yuan; the output is calculated at an average annual growth rate of 4%.
By 2025, the total output of the coatings industry is expected to increase to about 30 million tons
.

　　Sankeshu also formulated a business plan during the "14th Five-Year Plan" period to build a green brand by improving product quality; perfecting the "one-stop product" and "coating integration" product service system; promoting online and offline omni-channel marketing , Expand overseas business; improve supply chain construction, promote project progress and other links to develop and expand the coating business
.

　　The above data refers to the "China Coating Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.
At the same time, the Qianzhan Industry Research Institute also provides industry big data, industry research, industry chain consulting, industry map, industry planning, park planning, and industry Solutions for investment promotion, IPO fundraising and investment feasibility studies, and prospectus writing
.

　　Original title: dry goods! Analysis of Leading Companies in China's Coatings Industry in 2021-Three Trees: Rapid Business Development and Continuous Expansion of Production Capacity

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