In the first half of 2020, the performance of Beixin building materials increased against the trend, and the market value reached a new high again
Source: Release time: 2020-08-21
On August 19, Beixin building materials released the semi annual report of 2020. In the first half of the year, Beixin building materials achieved a revenue of 6.922 billion yuan, a year-on-year increase of 14.63%; the total profit of 1.093 billion yuan, and the net profit of 973 million yuan, of which the net profit attributable to the parent company increased to 903 million yuan, realizing adverse growth. The gross profit rate of "longpai" gypsum board was 48.75%, with a year-on-year increase of 3.64 percentage points; the gross profit rate of longpai light steel keel was 32.75%, with a year-on-year increase of 3.08 percentage points; the net increase of cash and cash equivalents was 611 million yuan, and the asset liability ratio was 31.15%. Business performance achieved adverse growth, creating excellent performance beyond the industry and expectations. It is estimated that the net profit of the parent company from January to September will increase to 1.585 billion yuan to 1.687 billion yuan.
Among them, the best performance of the three strategic business units are dragon card business, Taishan gypsum, waterproof business. Longpai business (five regional companies) achieved a net profit of 523 million yuan attributable to the parent company; Taishan gypsum achieved a net profit of 357 million yuan attributable to the parent company; and waterproof business achieved a net profit of 217 million yuan attributable to the parent company.
In the first and second half of 2020, a variety of factors, such as the closure of new building materials and decoration projects, will seriously affect the new building materials industry and control in the first and second half of 2020. At the same time, Beijing New Building Materials Co., Ltd. focused on epidemic prevention and control and the construction of war epidemic hospital. On the other hand, it focused on the resumption of work and production and optimization of operation, comprehensively promoted the implementation of commanding height strategy 2.0 and marketing 2.0, and realized the performance growth against the trend. On August 19, 2020, the market value of Beixin building materials will increase to 55.838 billion yuan, a new record.
In the first half of 2020, the R & D investment was 223 million yuan, an increase of 24.63% over the same period of last year. As of June 30, Beixin has applied for 5106 patents and 3625 national patents, which is far ahead of the building materials enterprises.