coating is a general term for a class of liquid or solid materials that can form a solid coating film with protective, decorative or special properties (such as insulation, anti-corrosion, signs, etc.) when applied to the surface of an object. in our country, paint is traditionally calledpaint. according to the statistics of china paint industry association,2016-2021in 2019, the operating income of china’s paint industry was always 3000more than 100 million yuan.
since this year,severe and complex domestic and foreign situations have severely impacted china’s coatings industry, national paint production, main business income, and total profit were all lower than the same period last year.
from the operating data of leading companies in the paint industry:
aksu nobel’s financial report for the first half of the year
no. in the second quarter, akzonobel’s pricing rose16%; revenue increased by 14% to 2.85 billion euros, an increase of 10% in constant currency terms; operating income a year-on-year decrease of 47% to 205 million euros. furthermore, production was negatively impacted by supply constraints, especially in north america.
up in the first half of the year, akzonobel’s revenue increased by 13% to 5.38 billion euros, an increase of 10% at constant exchange rates. operating income of eur 437 million (2021: eur 687 million); attributable to shareholdersyle=”font-size:10.5pt”> oneaffected by multiple points of the domestic epidemic, enterprises have encountered problems such as poor raw material transportation and labor shortages, coupled with weak terminal markets, resulting in a decline in product sales;
second, the conflict between russia and ukraine has seriously affected international trade exchanges and industrial chain supply, hindered the economic development of many countries in asia and europe, and led to a decline in the overall sales of the coatings industry;
third, the real estate market across the country was cold. in the first half of the year, the growth rate of national real estate development investment fell by 5.4% year-on-year, and the sales area of commercial housing nationwide fell by 22.2%. the serious shortage of demand has exacerbated the difficulty of sales in the paint market;
fourth, affected by multiple factors such as continuous high raw material prices and supply chain disruptions, the main business income of enterprises has decreased.
mediumsun lianying, president of the national coatings industry association, believes that in the second half of the year, the country will fully promote economic stability and restore growth with a package of measures, and focus on smoothing the supply of key industrial chains. the industry will also overcome difficulties under measures such as increasing investment in key infrastructure, continuing to promote a new round of new energy vehicles and green building materials to the countryside, accelerating the cultivation of small and medium-sized enterprises specializing in specialization, and vigorously promoting the acceleration and upgrading of industrial digital transformation. difficult, actively respond to the new risks and challenges brought about by the environmental changes at home and abroad in the first half of the year, withstand the impact and pressure, continue to make efforts in the face of adversity, and continue to serve as an important engine for the development of global coatings!
