As of April 30, many listed ceramic companies such as Dongpeng, Mona Lisa, Diou Home Furnishing, and Huida Sanitary Ware have released their first quarter 2022 performance reports. What is unexpected is that most listed ceramic companies suffered losses, with the highest loss exceeding 90 million yuan.
Up to 90 million! Seven listed ceramic companies suffered losses in the first quarter
Dongpeng Holdings
On April 28, Dongpeng Holdings released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 966 million yuan in the first quarter of 2022, a year-on-year decrease of 14.73%; the net profit loss attributable to shareholders of listed companies was approximately 77.04 million yuan, a decrease of 248.23% from the same period last year.
The announcement pointed out that the reasons for the decline in its revenue and profits are: (1) The first quarter is the traditional off-season for construction and decoration, and the demand for building materials decreases. Ceramics companies generally use this period to stop kiln maintenance and invest in technical transformation; (2) ) The epidemic has adversely affected the sales performance and profits of subsidiaries such as Shanghai and Shenzhen, and some production bases have implemented varying degrees of shutdowns in response to local epidemic prevention and control requirements; (3) The prices of energy, fuel and chemical raw materials have increased, and the company's profitability has been under pressure ; (4) The sales in the real estate industry are declining, and the company has adopted a more cautious attitude towards the real estate engineering business, resulting in the company's engineering channel sales revenue falling by 29% during the reporting period compared with the same period last year; (5) The company has adjusted its marketing and promotion strategy, and advertising expenses have increased. Increase.
In addition, the announcement also pointed out that Dongpeng will focus on improving profitability in the following aspects in the future:
Focus on the adjustment of sales channels, continue to leverage the advantages of retail, large package and other channels, empower dealers through various measures, and focus on terminal retail and small, medium and micro engineering;
Improve the product structure, tilt towards high-margin products such as large boards, and continue to improve profitability and competitiveness;
Increase group procurement, reasonably arrange the procurement time and plan of key materials, and improve bargaining power and scale efficiency through technological progress, centralized procurement of main materials, off-season procurement and opportunistic procurement, effectively reduce procurement costs, and cope with the impact of rising energy and raw material prices. ;
By further increasing production capacity, we can leverage economies of scale and increase product gross profit margin;
Optimize the supply chain process, make full use of the regional layout advantages of production bases across the country, increase localized delivery management, and further reduce transportation costs in the procurement and sales process.
Diou Home
On April 30, Diou Home Furnishing released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 765 million yuan in the first quarter of 2022, a year-on-year decrease of 33.99%; the net profit loss attributable to shareholders of the listed company was approximately 90.85 million yuan, a decrease of 220.01% from the same period last year. Tile sanitary ware (Oshenno and Emperor Sanitary Ware) is the main business of Diou Home. In 2021, the revenue from these two businesses accounted for more than 96% of the total revenue.
The announcement pointed out that the main reason for the decline in revenue was that the company actively adjusted its customer structure during the reporting period and reduced sales to some real estate customers.
Mona Lisa
On April 27, Mona Lisa released its first-quarter performance report. The announcement shows that the company achieved revenue of approximately 1.064 billion yuan in the first quarter of 2022, a year-on-year increase of 6.74%; the net profit loss attributable to shareholders of the listed company was approximately 73.82 million yuan, a decrease of 256.79% from the same period last year.
On April 29, Mona Lisa held an online performance briefing for 2021, stating that the profit decline in 2021 is mainly due to two factors: the impact of sharp increases in energy and raw material prices on profits; some real estate customers have defaulted on their debts, and it is expected that The risk of credit losses is higher, and the company's impairment provisions increase accordingly. In order to prevent risks, the company will make appropriate adjustments to the sales structure in 2022, strengthen the construction of distribution channels, and increase sales through distribution channels. The strategic engineering business mainly targets high-quality customers, and adopts a cautious attitude towards some customers with overdue default risks. The company has established an accounts receivable team to strengthen the collection of accounts receivable and avoid greater risks in accounts receivable. At the same time, the company will also strengthen its operation and management to reduce costs and increase efficiency, and increase the company's operating profits.
Healthy Heart
On April 27, Yuexin Health released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 187 million yuan in the first quarter of 2022, a year-on-year decrease of 10.67%; the net profit loss attributable to shareholders of the listed company was approximately 15.29 million yuan, a decrease of 32.62% from the same period last year. In 2021, Yuexin Health Ceramics business revenue accounted for more than 86% of total revenue.
The announcement stated that the profit decline was mainly due to the year-on-year decline in operating income due to the impact of the epidemic and industry competition on ceramic tile sales, and the decrease in gross profit margin.
Huida Bathroom
On April 22, Huida Sanitary Ware released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 680 million yuan in the first quarter of 2022, a year-on-year decrease of 4.2%; the net profit loss attributable to shareholders of the listed company was approximately 1.38 million yuan, a year-on-year decrease of 103.43%.
The announcement stated that the net profit attributable to shareholders of listed companies in the first quarter decreased by 103.43% year-on-year, mainly due to a year-on-year decrease of 5.54 percentage points in gross profit margin; the decrease in gross profit margin was mainly due to the increase in fixed costs due to the suspension of production at the Tangshan base due to the epidemic. .
Seaou Live Work
On April 30, Haiou Housing released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 772 million yuan in the first quarter of 2022, a year-on-year decrease of 2.89%; the net profit loss attributable to shareholders of the listed company was approximately 19.83 million yuan, a decrease of 182.26% from the same period last year.
Tianan New Materials
On April 29, Tianan New Materials released its first quarter performance report. The announcement shows that the company achieved revenue of approximately 496 million yuan in the first quarter of 2022, a year-on-year increase of 103.77%; the net profit attributable to shareholders of the listed company was approximately 1.42 million yuan, a decrease of 88.39% from the same period last year.
The announcement stated that the revenue growth in the first quarter was mainly due to the addition of Heyuan Dongyuan Yingpai Ceramics Co., Ltd., Foshan Shiwan Yingpai Ceramics Co., Ltd., Foshan Yingpai Technology Co., Ltd., and Foshan Yingpai Ceramics Trading Co., Ltd. into the scope of consolidation. The operating income of the company and Zhejiang Ruixin Decoration Materials Co., Ltd.; the profit decline was mainly due to factors such as the increase in raw material prices and the decline in gross profit margins of home decoration finishing materials and films.
Overall, the performance of listed ceramic companies in the first quarter was poor, and most of them were in the red; affected by rising costs and other factors, product gross profit margins declined and profitability continued to decline. In addition, due to a cautious approach to customers with overdue default risks, ceramic companies' strategic engineering business has declined. For example, Dongpeng's engineering channel sales revenue in the first quarter fell by 29% compared with the same period last year. In 2022, most ceramic companies have appropriately adjusted their sales channel structure, focusing on distribution and retail channels, and have proposed goals such as reducing costs, increasing efficiency, and increasing profits.
Home building materials profits generally declined, with a maximum loss of 100 million yuan
As of April 30, the operating data of listed home furnishing companies in the first quarter of 2022 has been basically disclosed.
Judging from the performance data released by listed home furnishing companies, their first quarter performance showed a slight increase in revenue and a year-on-year decline in net profit. Many companies suffered losses, including ceramic companies, decoration companies and customization companies. Among them, Shangpin Home Delivery suffered the most serious losses, reaching 100 million yuan, followed by Diou Home Furnishings, Dongpeng Holdings, Grandland Group, Quanzhu Co., Ltd., Mingdiao Co., Ltd. and other decoration companies also suffered varying degrees of profit losses.
At the same time, many companies are growing against the trend. Oppein Home Furnishing, Wole Home Furnishing, Oriental Yuhong, etc. have maintained year-on-year growth in revenue and net profit.
