Recently, Keda Manufacturing, Dow Technologies, and China Ceramics Materials all released their third quarter reports for 2021.
Although the ceramic industry experienced major challenges such as power rationing, dual energy consumption control, and skyrocketing coal prices in the third quarter, the performance of listed ceramic machinery and chemical companies related to the ceramic industry has achieved substantial growth.
Data show that in the first three quarters of 2021, Keda Manufacturing’s revenue was 6.921 billion yuan, a year-on-year increase of 39.94%, and its net profit attributable to the parent company was 759 million yuan, a year-on-year increase of 392.63%; Dow Technology’s revenue in the first three quarters was 4.602 billion yuan, A year-on-year increase of 112.72%; net profit attributable to the parent company was 445 million yuan, a year-on-year increase of 637.01%; the operating income of China Ceramics Materials in the first three quarters was 2.273 billion yuan, a year-on-year increase of 24.37%, and the net profit attributable to shareholders of listed companies was 601 million yuan, a year-on-year increase of 44.69% .
Keda’s revenue in the first three quarters was 6.921 billion yuan
39.94% year-on-year growth
On the evening of October 25, Keda Manufacturing released the "Third Quarter Report for 2021". Data shows that from January to September 2021, Keda Manufacturing's revenue was 6.921 billion yuan, a year-on-year increase of 39.94%; the net profit attributable to the parent was 759 million yuan, a year-on-year increase of 392.63%; the net profit after non-discounting was 700 million yuan, a year-on-year increase 587.93%; basic earnings per share is 0.403 yuan.
It is worth noting that the net profit and other core profit indicators of Keda Manufacturing in the first three quarters of this year have far exceeded last year's full year, and its revenue is one step away from last year's full year revenue of 7.390 billion yuan, highlighting Keda's Strong recovery ability and hematopoietic ability in the post-COVID-19 era.
Up to now, Keda Manufacturing has three main business segments: African building materials business, building materials machinery business, and lithium battery strategic investment business. The former two are the main business of Keda Manufacturing, while the latter is the strategic investment business. In this third quarterly report, Keda Manufacturing focused on the company's plans for its African building materials business.
Keda said that based on the analysis of the African architectural ceramics market and the improvement of the African ceramics industry layout to meet the needs of strategic development, it will use the profits of the African architectural ceramics sector in previous years to increase investment in local production capacity in Africa, with an estimated investment of 162 million. US dollars (approximately 1 billion yuan) to increase the construction of architectural ceramic projects in Ghana, Cameroon, and Cote d'Ivoire.
So far, Keda Manufacturing has put into operation 12 architectural ceramic production lines in Africa, all of which are at fullProduction and sales are at full capacity; 5 production lines are under construction and are expected to be put into operation in 2022. By then, the company's influence on Africa will be further deepened and a new ecology of African building materials groups will be built.
It is worth noting that the building materials machinery business was the main driver of high revenue growth during this reporting period. In the third quarter report, when Keda Manufacturing explained the growth rate of operating income, it said that "affected by the market demand of the building materials machinery industry, the company's domestic building materials machinery product sales revenue increased significantly."
Behind the product growth driven by market demand is the reflection of Keda's leading position in the building materials machinery industry. Currently, Keda's ceramic machinery ranks first in Asia and second in the world.
Combined with Keda Manufacturing's new production capacity layout for African ceramics, the market generally believes that Keda Manufacturing's three major business segments may have new breakthroughs, and 2021 and even 2022 will be a "bumper year" for Keda Manufacturing.
Dow’s revenue in the first three quarters was 4.602 billion yuan
Year-on-year growth of 112.72%
On the evening of October 24, Dow Technology disclosed its third quarter report. Data show that in the first three quarters, Dow Technology's main operating income was 4.602 billion yuan, a year-on-year increase of 112.72%; the net profit attributable to the parent company was 445 million yuan, a year-on-year increase of 637.01%; the non-net profit after deduction was 441 million yuan, a year-on-year increase of 853.99%.
Among them, in the third quarter of 2021, the company's single-quarter main operating income was 1.829 billion yuan, a year-on-year increase of 85.69%; the single-quarter net profit attributable to the parent company was 183 million yuan, a year-on-year increase of 419.69%; the single-quarter non-net profit was 184 million yuan , a year-on-year increase of 524.74%; the debt ratio was 38.46%, investment income was 11.5263 million yuan, financial expenses were 80.0629 million yuan, and the gross profit margin was 25.69%.
Up to now, Dow Technology has three main business segments: ceramic materials, carbon materials, and lithium battery materials. According to the announcement, the reason for the substantial increase in operating income this year is the expansion of the ceramic materials sector's business scale; carbon materials and lithium battery materials have benefited from the booming development of the new energy industry; the revenue of the three major business sectors has all achieved substantial growth compared with last year.
China Ceramics’ revenue in the first three quarters was 2.273 billion yuan
A year-on-year increase of 24.37%
On October 21, China Ceramics Materials released its third quarter report. According to the announcement, China Ceramics Materials’ operating income in the first three quarters was 2.273 billion yuan, a year-on-year increase of 24.37%, and the net profit attributable to shareholders of the listed company was 601 million yuan, a year-on-year increase of 44.69%.
Among them, in the third quarter of 2021, the company's single-quarter operating income was 800 million yuan, a year-on-year increase of 6.38%; the single-quarter net profit attributable to shareholders of listed companies was 207 million yuan, a year-on-year increase of 31.57%; Net profit excluding non-recurring gains and losses was 190 million yuan, a year-on-year increase of 23.95%.
(Article reproduced from Ceramic Information)
