Recently, eight ceramic and related listed companies, including Keda Manufacturing, Sitong Holdings, Yuexin Health, Diou Home Furnishing, Wrigley Home Furnishing, and Tianan New Materials, released their third quarter financial reports for 2022.
In the first three quarters, Diou Home Furnishing achieved operating income of 3.115 billion yuan, of which the ceramic tile business achieved income of 2.507 billion yuan; Wrigley Home Furnishing achieved operating income of 5.267 billion yuan, and the net profit attributable to shareholders of the listed company was 423 million yuan; Tianan New Materials achieved operating revenue of 1.95 billion yuan, a year-on-year increase of 56.05%; Keda Manufacturing achieved revenue of 8.533 billion yuan, a year-on-year increase of 23.29%.
Made by Keda:
Revenue of 8.533 billion yuan, net profit of 3.601 billion yuan
On October 28, Keda Manufacturing disclosed its report for the first three quarters of 2022. In the third quarter of 2022, Keda Manufacturing achieved operating income of 8.533 billion yuan, a year-on-year increase of 23.29%; the net profit attributable to shareholders of listed companies was 3.601 billion yuan, a year-on-year increase of 374.57%. Among them, operating income in the third quarter was 2.882 billion yuan, a year-on-year increase of 21.96%; net profit attributable to shareholders of listed companies was 1.48 billion yuan, a year-on-year increase of 323.71%.
Data source: Keda Manufacturing Co., Ltd. 2022 Third Quarter Report
Keda Manufacturing stated that in the first three quarters of 2022, the company will actively promote the development of various businesses and achieve steady growth in performance based on the strategy of basing itself on high-end manufacturing and focusing on its main business. Among them, orders for the building materials machinery business have been arranged in an orderly manner. And based on its advantages in machinery manufacturing, it continues to develop the lithium battery material equipment market; in terms of overseas building materials business, as the first phase of the Kisumu ceramics project in Kenya and the fourth phase of the Ghana building ceramics production project were put into operation in the middle of the year, production capacity was released from January to September 2022. The output of architectural ceramics in Africa exceeded 84 million square meters, maintaining a good production and sales situation. At the same time, the company reviewed and approved the fifth phase of the Ghana architectural ceramics production project and the Kenyan architectural ceramics production project during the reporting period.The Yakisumu ceramic sanitary ware production project and the second phase and third line production project of Zambian architectural ceramics continue to deepen and improve the layout.
In terms of lithium battery materials business, Keda Manufacturing focuses on promoting the construction of anode material factories in Fujian and Anhui subsidiaries. It has completed the construction of the “40,000 tons/year graphitization” production capacity of the Fujian subsidiary project in the first phase, with 10,000 tons/year. The annual artificial graphite production line will be completed in 2022, and will form a total production capacity of 40,000 tons/year graphitization and 20,000 tons/year artificial graphite together with the Anhui subsidiary. With the continuous release of graphitization production capacity of the Fujian subsidiary, its overall operating income of lithium battery materials business increased by more than 200% year-on-year during the reporting period.
Sitong Shares:
Revenue was 188 million yuan, a year-on-year decrease of 39.7%
On October 28, Sitong Co., Ltd. released its report for the first three quarters of 2022. The report shows that in the first three quarters of 2022, its total operating income was 188 million yuan, a year-on-year decrease of 39.7%; the net profit attributable to shareholders of the listed company was -4.32 million yuan, a year-on-year decrease of 109.6%. Among them, operating income in the third quarter was 54.1078 million yuan, a year-on-year decrease of 54.03%; net profit attributable to shareholders of listed companies was -3.3005 million yuan, a year-on-year decrease of 123.42%.
Data source: Guangdong Stone Group Co., Ltd. 2022 Third Quarter Report
In response to the decrease in operating income in the first three quarters of 2022, Sitong Co., Ltd. stated that it was mainly due to repeated changes in the epidemic and weak international market demand. Both domestic sales and export sales of ceramic products experienced a significant decline, as well as the merger of Guangdong in the same period last year. The impact on the reports of Dongwei New Materials Co., Ltd.
The report also mentioned the reasons for the sharp decline in profit attributable to the parent company in the first three quarters, mainly due to the sharp decline in product sales revenue and the sharp decline in international energy prices.Affected by rising factors, operating costs increased, sales gross profit margin and gross sales profit dropped significantly, foreign currency exchange rates fluctuated significantly, exchange gains increased, bank financial product gains increased, and losses from disposal of franchised products were scrapped, plus the transfer of Guangdong Dongwei New Materials in the same period last year Co., Ltd.'s equity, the difference between the disposal price and the disposal investment's share of the subsidiary's net assets at the consolidated financial statement level was RMB 27.3231 million, correspondingly increasing the net profit of the same period last year.
Healthy Heart:
Revenue of 850 million yuan, net profit of -85.5633 million yuan< /span>
On October 28, Yuexin Health disclosed its report for the first three quarters of 2022. The report shows that in the first three quarters, Yuexin Health achieved total operating income of 850 million yuan, a year-on-year decrease of 5.7%; the net profit attributable to shareholders of listed companies was -85.56 million yuan, a year-on-year decrease of 296.92%.
Data source: Shanghai Yuexin Health Group Co., Ltd. 2022 Third Quarter Report
The operating income in the third quarter was 350 million yuan, a year-on-year increase of 3.67%; the net profit attributable to shareholders of listed companies was -76.9545 million yuan, a year-on-year decrease of 511.08%.
Huida Bathroom:
Revenue of 2.633 billion yuan, net profit of 94.93 million yuan
On October 28, Huida Sanitary Ware announced its report for the first three quarters of 2022. The report shows that Huida Sanitary Ware achieved total operating income of 2.633 billion yuan in the first three quarters, a year-on-year decrease of 7.2%.; Net profit attributable to shareholders of listed companies was 94.93 million yuan, a year-on-year decrease of 58.1%. Among them, operating income in the third quarter was 907 million yuan, a year-on-year decrease of 17.17%; the net profit attributable to shareholders of the listed company was approximately 26.966 million yuan, a year-on-year decrease of 76.5%.
Data source: Huida Sanitary Ware Co., Ltd. 2022 Third Quarter Report
In response to the decline in performance, Huida Sanitary Ware listed three major reasons in the report: First, due to the impact of the new crown epidemic in 2022, the company's production operations and market demand have been affected to varying degrees, and capacity utilization has not been fully released. , at the same time, logistics and distribution have also been greatly affected, adversely affecting product sales; second, the increase in fuel prices has increased costs and reduced gross profit margins; third, the exchange rate of the RMB against the US dollar has fluctuated significantly and continued to depreciate since this year, and forward exchange settlement The business incurred investment and fair value losses.
Tianan New Materials:
Revenue of 1.95 billion yuan, net profit of 18.62 million yuan
On October 29, Tianan New Materials announced its report for the first three quarters of 2022. The report shows that Tianan New Materials achieved total operating income of 1.95 billion yuan in the first three quarters, a year-on-year increase of 56.1%; net profit attributable to shareholders of listed companies was 18.62 million yuan, a year-on-year decrease of 51%. Among them, operating income in the third quarter was 714 million yuan, a year-on-year increase of 14.41%; the net profit attributable to shareholders of the listed company was approximately 2.7835 million yuan, a year-on-year decrease of 66.29%.
Data source: Guangdong Tianan New Materials Co., Ltd. 2022 Third Quarter Report
In response to the decline in net profits, Tianan New Materials stated in the report that it was mainly due to the large credit impairment provisions made by Eagle Brand Company for real estate customers in the first three quarters, which reduced net profits. It can be seen from the report that at the end of the third quarter, Tianan New Materials’ accounts receivable was 560 million yuan.
Haiou Live Worker:
Revenue of 2.567 billion yuan, net profit of 92.96 million yuan
On October 29, Haiou Housing released its report for the first three quarters of 2022. The report shows that Haiou Housing achieved total operating income of 2.567 billion yuan in the first three quarters, a year-on-year decrease of 15.9%; net profit attributable to shareholders of listed companies was 92.96 million yuan, a year-on-year decrease of 19.6%; operating cash flow increased significantly by 233.8% to 216 million Yuan. Among them, operating income in the third quarter was 798 million yuan, a year-on-year decrease of 25.52%; the net profit attributable to shareholders of listed companies was approximately 49.5859 million yuan, a year-on-year increase of 49.2%.
Data source: Guangzhou Haiou Residential Industry Co., Ltd. 2022 Third Quarter Report
Diou Home Furnishing:
Revenue was 3.115 billion yuan, accounts receivable decreased by 958 million yuan
On October 30, Diou Home Furnishing disclosed its report for the first three quarters of 2022. The report shows that Diou Home achieved total operating income of 3.115 billion yuan in the first three quarters, a year-on-year decrease of 32.33%; the net profit attributable to shareholders of listed companies was -39,500 yuan, a year-on-year decrease of 213.13%.The ceramic tile business achieved revenue of 2.507 billion yuan, mainly due to the decrease in engineering channel sales. The sanitary ware business achieved revenue of 499 million yuan, which was basically stable year-on-year; while the operating income in the third quarter was 1.116 billion yuan, a year-on-year decrease of 24.28%; attributable to The net profit of shareholders of listed companies was -147 million yuan.
Data source: Diou Home Furnishing Group Co., Ltd. 2022 Third Quarter Report
In response to the decline in revenue, Diou Home Furnishing stated in the report that from January to September 2022, the home building materials industry faced great challenges due to many unfavorable factors. The investment growth rate of the downstream real estate industry has slowed down, the completion end and sales end have continued to be sluggish, and cash flow has not been effectively alleviated; the prices of bulk commodities, raw materials, and energy have continued to be high; coupled with the impact of the new coronavirus epidemic spreading in many places in the country, the company achieved Sales revenue was 3.115 billion yuan, down 32.33% year-on-year.
Facing the more severe and complex external environment, Diou Home Furnishing has also taken a series of measures, such as vigorously implementing the strategy of "omni-channel operation and optimizing customer structure" on the sales side. On the one hand, it continues to maintain cooperation with major projects Good cooperation with customers and the cultivation of core dealers; on the other hand, we proactively adjusted the pace of business cooperation with some risky real estate developer customers, and insisted on strictly controlling capital risks with the goal of sales collection.
In terms of risk control, Diou Home Furnishing has formulated corresponding accounts receivable management policies based on continuous evaluation, established a special risk control team to continue all-round follow-up, and ensured the recovery of accounts receivable through various methods and channels. , notes receivable and accounts receivable at the end of the reporting period decreased by 958 million yuan compared with the beginning of the period; in terms of inventory management, the company combined the characteristics of the production line to effectively manage raw materials, products in progress, and finished products and rationally schedule production and sales. The inventory at the end of the reporting period was It decreased by RMB 346 million at the beginning of the period; in terms of current liability management, its current liabilities decreased by RMB 1.349 billion at the end of the reporting period compared with the beginning of the period, of which short-term borrowings decreased by RMB 123 million; notes payable decreased by RMB 676 million; accounts payable decreased by RMB 365 million.
Wrigley Home:
Revenue of 5.267 billion yuan, net profit of 423 million yuan
On October 30, Wrigley Home Furnishing disclosed its report for the first three quarters of 2022. The report shows that Wrigley Home Furnishing achieved total operating income of 5.267 billion yuan in the first three quarters, a year-on-year decrease of 6.23%; net profit attributable to shareholders of listed companies was approximately 423 million yuan, a year-on-year increase of 30.26%; operating cash flow increased significantly by 233.8% to 216 million Yuan. Among them, operating income in the third quarter was 1.96 billion yuan, a year-on-year decrease of 14.05%; net profit attributable to shareholders of listed companies was 184 million yuan, a year-on-year increase of 10.41%.
Data source: Wrigley Home Furnishing Group Co., Ltd. 2022 Third Quarter Report
In response to the growth of net profit, Wrigley Home Furnishing stated in the report that the growth of net profit was mainly due to the increase in gross profit margin of sales in the current period. The gross profit margin of sales in this period was 33.98%, compared with 28.56% in the same period last year. The increase in gross profit margin was mainly due to the increase in sales unit price and optimization of sales structure.
It can be seen from the third quarterly report that 5 of the 8 listed ceramic and related companies are still profitable, but most of them have experienced varying degrees of decline in revenue, and a small number of profits are also in decline. It can be seen that the market decline has had a considerable impact on the development belt of listed ceramic companies. At the same time, they are constantly improving their adaptability and immunity, and taking a series of measures to reverse their development decline.
