Recently, listed companies have successively disclosed third-quarter performance reports, and the competition among leading companies in the ceramic industry has intensified. The results of 11 listed ceramic companies including Dongpeng Holdings, Mona Lisa, and Diou Home Furnishings in the first three quarters of 2021 are as follows:
From the perspective of revenue, Dongpeng Holdings still ranks first among listed companies in the ceramic industry; from the perspective of profits, Dongpeng Holdings, Diou Home Furnishing, Huida Sanitary Ware, Yuexin Health and other ceramic companies Profits in the first three quarters all showed negative growth. The most eye-catching report card is undoubtedly Mona Lisa, which has experienced double growth in revenue and profit. Its revenue in the first three quarters increased by as much as 47.69% year-on-year.
Dongpeng Holdings
Third quarter revenue increased by -2.22% year-on-year
Plans to repurchase up to 300 million yuan of shares
On October 29, Dongpeng Holdings released its third quarter financial report for 2021. Its operating income in the third quarter was 2.113 billion yuan, a year-on-year increase of -2.22%; the net profit attributable to shareholders of the listed company was 3.5287 million yuan, a year-on-year increase. -98.85%; non-net profit after deducting was -23.336 million yuan, a year-on-year increase of -108.34%.
The report shows that the company's revenue growth and profit decline in the first three quarters were mainly due to the overdue payment of Evergrande commercial bills. The company re-estimated the impairment of receivables and increased the credit impairment by 182 million yuan. In addition, due to the increase in prices of bulk raw materials such as raw materials, energy and packaging materials, the overall cost of products has increased.
It is worth noting that Dongpeng Holdings’ high-margin slate products accounted for 12.5% of ceramic tile products, a year-on-year increase of 8.5%. In addition, through effective inventory management measures, Dongpeng Holdings' defective ceramic tile inventory dropped by 6%, and the inventory structure has been further optimized.
Based on its confidence in the company's future development prospects and high recognition of the company's value, and taking into account factors such as the company's operating conditions, main business development prospects, the company's financial status and future profitability, Dongpeng Holdings has decided to use its own The capital of RMB 150 million (inclusive) and not exceeding RMB 300 million (inclusive) will be used to repurchase the company's shares through centralized bidding transactions. The repurchase period shall not exceed 12 months from the date the company's board of directors considers and approves the repurchase plan.
Mona Lisa
Third quarter revenue increased by 19.25% year-on-year
Increase investment in technology research and development and innovation
On October 26, Mona Lisa released its third quarter financial report for 2021.The operating income was 1.847 billion yuan, a year-on-year increase of 19.25%; the net profit attributable to shareholders of listed companies was 135 million yuan, a year-on-year increase of -16.87%; the non-net profit after deducting was 138 million yuan, a year-on-year increase of -14.34%.
The report stated that the year-on-year increase in Mona Lisa's accounts receivable was mainly due to the growth in revenue during the reporting period and the two-way growth of B and C-side businesses. However, due to the impact of real estate control policies, the return of payment for real estate projects was delayed, resulting in accounts receivable The amount increased more. The year-on-year increase in operating income was mainly due to the company's continued and effective implementation of the "distribution business + engineering business" two-wheel drive model during the reporting period, resulting in an increase in operating income.
In the third quarter, despite facing a series of uncertainties such as dual energy control, large-scale power restrictions and production shutdowns, rush for goods and price increases, etc., which continued to have an impact on the market, Mona Lisa still moved forward steadily, in technological innovation, It has achieved good results in environmental protection upgrades, service upgrades, etc. Not only did it win the 8th Guangdong Patent Excellence Award for its invention patents, but its multiple project technologies have been assessed as leading internationally and domestically.
As we all know, "dual carbon and dual control" and "power and production restrictions" have had a big impact on the traditional manufacturing industry. Against this background, the low-carbon development trend of the ceramics industry has become increasingly obvious. While increasing investment in technology research and development and innovation, Mona Lisa has expanded the scope of industry-university-research cooperation. It has jointly built a low-carbon environmental engineering technology center with Shaanxi University of Science and Technology, using technological innovation to assist the low-carbon development of ceramics and follow the path of green and sustainable development. . Mona Lisa became the first company in the ceramics industry to be selected into the first batch of "Enterprises with Outstanding Contributions to Pollution Reduction and Carbon Reduction" in Guangdong Province, and was awarded the Nanhai District Environmental Protection Integrity Enterprise (Green Card).
Deou Home Furnishing
Third quarter revenue increased by 16.78% year-on-year
Raise no more than 1.5 billion for project construction
On October 29, Diou Home Furnishing released its third quarter financial report for 2021. Its operating income in the third quarter was 1.474 billion yuan, a year-on-year increase of 16.78%; the net profit attributable to shareholders of the listed company was 76.7694 million yuan, a year-on-year increase of - 49.9%; non-net profit after deduction was 85.1442 million yuan, a year-on-year increase of -33.91%.
The report shows that the operating costs of Diou Home Furnishing in the third quarter of 2021 were 3.3 billion, a year-on-year increase of 31.1%. After excluding the difference in accounting standards, the operating costs from January to September increased by 20.16% year-on-year, mainly due to the price of energy and raw materials during the reporting period. due to rise. Regarding the reasons for the year-on-year increase in revenue during the reporting period, Diou Home TableThis indicates that during the reporting period, the company continued to steadily promote the overall strategy of sinking business channels, expanding small B business, and omni-channel marketing, resulting in an increase in sales revenue.
Not long ago, Diou Home publicly issued convertible corporate bonds, raising no more than 1.5 billion yuan (inclusive) for use in Oceano’s eight groups of high-end wall and floor tile intelligent production lines with an annual output of 50 million square meters (energy saving, emission reduction, water) project, two sets of intelligent production line projects with an annual output of 13 million square meters of high-end ceramic floor tiles, and supplementary working capital. It is reported that the production capacity of Diou Home Building Ceramics business in 2019 is 54.5124 million square meters per year. If the construction of the above two fundraising projects is completed, the company will add an additional building ceramics production capacity of 42.11 million square meters per year.
Diou Home Furnishing stated that as the trend of full decoration continues to deepen and the company’s cooperation with real estate companies strengthens, the gap in the company’s own production capacity will further increase. After the implementation of the fund-raising project, the company will significantly increase the company's independent production capabilities, improve product quality control and product delivery capabilities, and meet market demand under the full decoration model. At the same time, the intelligent level of the company's architectural ceramics business will be improved to achieve the company's green and healthy development.
Huida Bathroom
Third quarter revenue increased by 19.98% year-on-year
On October 22, Huida Sanitary Ware released its third quarter financial report for 2021. Its operating income in the third quarter was 1.095 billion yuan, a year-on-year increase of 19.98%; the net profit attributable to shareholders of listed companies was 114 million yuan, a year-on-year increase of 1.286% %; excluding non-net profit was 94.7407 million yuan, a year-on-year increase of 23.7%.
The report stated that the net cash flow generated by Huida Sanitary Ware's operating activities in the third quarter dropped by 145.60%, mainly due to the increase in the payment of due notes payable in this period.
Good health
Third quarter revenue increased by -12.47% year-on-year
On October 28, Yuexin Health, the parent company of SMIC Tile, released its third quarter financial report for 2021. Its operating income in the third quarter was 338 million yuan, a year-on-year increase of -12.47%; the net profit attributable to shareholders of the listed company was 1872.03 million, a year-on-year increase of -37.38%; non-net profit after deducting was 17.8812 million yuan, a year-on-year increase of -42.04%.
According to the 2021 semi-annual report previously released by Yuexin Health, the ceramic tile business’s revenue accounted for 85.66% of its main business.
Seaou Live Work
Third quarter revenue increased by 7.35% year-on-year
On October 30, Haiou Housing, the parent company of Champion Tile, released its financial report for the third quarter of 2021. Its operating income in the third quarter was 1.071 billion yuan, a year-on-year increase of 7.35%; the net profit attributable to shareholders of the listed company was 33.2338 million yuan. Yuan, a year-on-year increase of -40.48%; non-net profit after deducting was 25.5014 million yuan, a year-on-year increase of -39.25%.
The report stated that Haiou Housing’s operating costs in the third quarter of 2021 were 2.39 billion, a year-on-year increase of 35.9%, which was higher than the 31.8% growth rate of operating income, resulting in a 2.4% drop in gross profit margin.
Tianan New Materials
Third quarter revenue increased by 138.14% year-on-year
On October 29, Tianan New Materials, the parent company of Eagle Ceramics, released its third quarter financial report for 2021. Its operating income in the third quarter was 624 million yuan, a year-on-year increase of 138.14%; the net profit attributable to shareholders of the listed company was 8.257 million yuan. Yuan, a year-on-year increase of -55.66%; non-net profit after deducting was 6.1572 million yuan, a year-on-year increase of -63.76%.
The report mentioned that the main reason for the increase in revenue was that Heyuan Dongyuan Yingpai Ceramics Co., Ltd., Foshan Shiwan Yingpai Ceramics Co., Ltd., Foshan Yingpai Technology Co., Ltd., and Foshan Yingpai Ceramics Trading were included in the scope of consolidation. Co., Ltd. and Zhejiang Ruixin Decoration Materials Co., Ltd.’s operating income.
Sitong Shares
Third quarter revenue increased by 103.27% year-on-year
On October 27, Sitong Co., Ltd. released its third quarter financial report for 2021. Its operating income in the third quarter was 118 million yuan, a year-on-year increase of 103.27%; the net profit attributable to shareholders of the listed company was 14.0905 million yuan, a year-on-year increase of 4.5932 million yuan. %; excluding non-net profit was 5.6129 million yuan, a year-on-year increase of 170.86%.
(The annual net profit of Stone Co., Ltd. in 2020 is -4.8739 million yuan, and non-net profit is -19.4154 million yuan. The net profit is expected to turn from profit to loss. The maximum difference in net profit between the two performance forecasts is nearly 10 million yuan. It was The Guangdong Supervision Bureau of the China Securities Regulatory Commission takes administrative regulatory measures by issuing warning letters)
It is worth mentioning that Weide Industrial completed the acquisition of Sitong shares in September this year, accounting for 20.26% of the company's total share capital. Huang Jianping, the founder of Marco Polo Ceramics, became the actual controller of Sitong shares.
Made by Keda
Third quarter revenue increased by 27.03% year-on-year
On October 25, Keda Manufacturing released its third quarter financial report for 2021. Its third quarter operating income was 2.363 billion yuan, a year-on-year increase of 27.03%; the net profit attributable to shareholders of listed companies was 349 million yuan, a year-on-year increase of 37.742%. %; excluding non-net profit was 339 million yuan, a year-on-year increase of 503.06%.
Keda Manufacturing stated that the growth in operating income was due to the significant increase in sales revenue of the company's domestic building materials machinery products due to the impact of market demand in the building materials machinery industry.
Dow Technology
Third quarter revenue increased by 85.69% year-on-year
On October 24, Dow Technology released its third quarter financial report for 2021. Its operating income in the third quarter was 1.829 billion yuan, a year-on-year increase of 85.69%; the net profit attributable to shareholders of listed companies was 183 million yuan, a year-on-year increase of 41.969%. %; excluding non-net profit was 184 million yuan, a year-on-year increase of 524.74%.
The report shows that Dow Technology’s operating costs in the first three quarters of 2021 increased by 103.40% compared with the same period last year. This was due to the increase in sales volume and rising raw material prices, which led to an increase in raw material costs.
Chinese porcelain materials
Third quarter revenue increased by 6.38% year-on-year
On October 22, China Ceramics Materials released its third quarter financial report for 2021. In the third quarter, its operating income was 800 million yuan, a year-on-year increase of 6.38%; the net profit attributable to shareholders of the listed company was 207 million yuan, a year-on-year increase of 31.57% %; excluding non-net profit was 190 million yuan, a year-on-year increase of 23.95%.
The report stated that China Ceramics Materials continued to increase investment in product research and development in the first three quarters of 2021, with research and development expenses increasing by 33.84% year-on-year.
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On October 14, Hurun Research Institute and digital brand strategy consulting company OSUS jointly released the "2021 OSUS Hurun Ten Billion Potential Brand List", among which Dongpeng Holdings and Mona Lisa in the ceramic industry Successfully listed in the "Top 20 Companies Most Likely to Grow into Ten Billion Companies Within Two Years".
Judging from the data disclosed so far, the revenue of Dongpeng Holdings and Mona Lisa from January to September was around 5 billion. At present, Marco Polo Holdings has exceeded 10 billion in revenue in the ceramic industry. The industry recognizes that the company most likely to achieve 10 billion in revenue is New Pearl Group. Both companies have officially launched IPO coaching in 2021.
