Top Five Building Decoration Firms Released Performance Reports Under Constrained Growth Under Pressure

At present, under the background of China's resolute control of the real estate industry, the booming property market continues to decline, and upstream and downstream industries are generally not optimistic about the industry. However, surprisingly, from the 2011 annual performance report released by the top five architectural decoration listed companies, the overall net profit growth rate of the industry was above 30%, and the year-on-year growth of leading enterprises reached 87%.

Specifically, Jinhao still maintains its leading position in the industry. Yaxia is closely following it. The remaining three companies have also submitted satisfactory results to investors.

Jin Hao: Leading enterprises have obvious advantages in public construction business or become their main attack point. On February 23, Jinhao released a performance report. In 2011, the company achieved a net profit of 727 million yuan, an increase of 87.11% year-on-year; basic earnings per share of 1.51 yuan, an increase of 86.42%. The beautiful report card made the stock price of the company upswing by investors. Although the growth rate of net profit decreased from 100.0% in the same period of last year, the company’s revenue and earnings continued to maintain a relatively high growth rate. Previously, Jinhao had expected the 2011 annual results to increase by 80% to 100% year-on-year, with an increase of 87.11% being within this range. The company plans to use the company's total share capital of 518 million shares as the base on December 31, 2011. It will distribute a cash dividend of RMB 2 (tax included) for every 10 shares, capitalize on capital bonds, and increase capital by 5 shares for every 10 shares.

Last year, Golden Harvest continued its high net profit growth rate of over 80% in 2010. As the home improvement business accounts for a relatively small proportion, under the background of continuous real estate regulation, Jinyu actively slows down the orders for home improvement business orders and promotes progress. The public construction business will remain its business development focus and major source of profits.

In addition, last month, Jinhao announced that its wholly-owned subsidiary, Suzhou Jinrui Curtain Wall Co., Ltd. has obtained a high-tech enterprise certificate, and will implement a 15% income tax rate from 2011 to 2013. According to the semi-annual report of last year, the impact of the curtain wall subsidiary on the consolidated net profit was only 1.6%, with little impact. The simultaneous implementation of the preferential tax rate by the parent company may increase the company's net profit in 2011-2013 by about 15 percentage points. In December of last year, Jinshenxin signed a contract of about 1.1 billion yuan. In January this year, the new contract was about 900 million yuan, and the current order is about 6 billion yuan. It is expected that the improvement will return Jinshao's valuation to a reasonable range.

However, on February 27th, after the close of the trading session, Jinyu became the main force on the large trading platform of the Shenzhen Stock Exchange, with as many as 11 transactions, with a total transaction volume of 181.91 million yuan. According to the information of the Shenzhen Stock Exchange, 9 directors and senior executives of Goldman Sachs reduced their shareholdings by 425.28 million shares through block trading at a price of 40.35 yuan per share. The top executives were Wang Qiong, Ni Lin, Zhuang Liangbao, Yan Yongfa, Zhu Xingquan, Yang Zhen, Pu Jianming, Bai Jizhong, and Yan Duoling. Among them, General Manager Yang Zhen, Chairman Ni Lin and Director Zhu Xingquan reduced their holdings of 960,000 shares, 940,000 shares and 630,000 shares, respectively.

Yaxia Co., Ltd.: Large decoration strategy pilot is expected to become the second billion-dollar company. On February 22nd, Yaxia shares released performance report. In 2011, the company achieved total operating revenue of 7.249 billion yuan, an increase of 61.54%; net profit attributable to shareholders of listed companies was 448 million yuan, an increase of 70.99%; basic earnings per share was 1.06 yuan, an increase of up to 58.21%. There is no difference between the disclosed operating results and the company's previous performance forecast disclosed in the 2011 third quarter report. The company plans to use the company’s total share capital of 422 million shares as of December 31, 2011 as a base to send a cash dividend of RMB 1.3 (taxes included) for every 10 shares to all shareholders, and to every 10 shares of all shareholders for capital ***. 5 shares. As of December 31, 2011, the company's total assets were RMB 674,851,400, an increase of 51.24% from the beginning of the period.

Before 2011, the business structure of Hirota shares was basically laid out according to 4/3/3. However, in the context of a major adjustment in the real estate market in 2011, the company took the initiative to adjust the structure, control the proportion of orders for the overall renovation of real estate, and at the same time increase investment in the public-installation business and acquire several decoration engineering companies to minimize the real estate industry. The impact of changes on the company's operations, especially the impact on the company's payment rate.

According to the company’s announcement, the revenue of Hirota’s stock in 2011 was 7.3 billion yuan, and it is expected that the orders carried forward to 2012 will reach 8 billion to 9 billion yuan. The company's net interest rate in 2011 was approximately 6.2%, which was one percentage point lower than that of Jinshi, which also enjoyed preferential income tax rates of 15%. The company is currently involved in the “iron, public, and machine” market and acquired blue sky decorations with strong strength in the airport field. Last year, it won the bid for Hangzhou Metro, Xiaoshan Airport Phase III, Shanghai Subway and other projects, further establishing and strengthening its own Advantage areas. At the same time, the company uses its advantages in curtain wall production and construction to implement a large decorative strategy. The interior (interior decoration) exterior (interior decoration) is concurrently operated, and the business of mechanical and electrical installation and gardening is included in the scope of vigorous development. In view of this, in 2012, Hirota shares revenue is expected to exceed 10 billion yuan, becoming the second company in the industry with a scale of more than 10 billion yuan.

Tao Hong shares: main attack on the field of high-end construction and increase profit potential unlimited February 29, Hong Tao shares released results Express. In 2011, the company achieved operating income of 2,164.7178 million yuan, an increase of 43.49%; operating profit of 17,883.26 million yuan, an increase of 46.06%; net profit attributable to shareholders of listed companies was 1,306.428 million yuan, an increase of 40.25% . The disclosed operating results and the company’s annual report disclosed in the third quarter of 2011 are not expected to differ. The company plans to use the company's total share capital of 232.25 million shares as the base on December 31, 2011. A cash bonus of RMB 1.5 (including tax) will be distributed for every 10 shares, capital will be used to increase capital, and 10 shares will be transferred for every 10 shares.

In 2011, Hongtao Co., Ltd. won a number of projects exceeding 100 million yuan and undertook a large number of key large-scale decoration projects, including the China Literature and History Museum, the Xibaipo Cadre Academy, and the Shenzhen Kirin Villa and other theaters and museums completed by the Chinese Political Consultative Conference. Hilton, Starwood, Intercontinental and other international brand companies a number of five-star hotel projects. In addition, the Binhai ** contracted by Hong Tao Co., Ltd. (the country’s highest grade **) has already started trial operations.

It is reported that Hong Tao’s business structure is relatively high-end, with over 60% of the company’s customers coming from government, listed companies, multinational corporations and central enterprises. Clients from real estate account for about 30%, and the largest customer business accounts for less than 10%. Because of this, Hongtao’s customers have a strong ability to pay, generally up to 10% to 30% of advances, progress payments can receive 75%, and 85% after completion, even in 2011 in the context of tightening monetary policy. The payment status was also stronger than that of most of the decoration companies in the industry. In addition, in the next 2 to 3 years, there will be more than 100 proposed theatre projects in large and medium-sized cities throughout the country. Due to Hong Tao’s special position in the field of theater and lobby decoration, the advantages are obvious. The previous successful bid rate exceeds 30%. It is expected to gradually translate into the actual needs of the company in the future.

Ruihe Co., Ltd.: The listing development has a strong focus on the residential hardcover business. On February 25th, Ruihe issued a performance report. In 2011, the company realized operating income of 1,303,399,900 yuan, a year-on-year increase of 29.18%; net profit attributable to shareholders of listed companies was 7,277.3 million yuan, an increase of 20.65% year-on-year; basic earnings per share was 1.12 yuan, a year-on-year increase of 10.89% . Earlier, Ruihe shares in the third quarter of 2011 reported that the net profit attributable to the shareholders of the listed company will increase by 25% to 50% over the same period of the previous year. The 20.65% disclosed in the results report did not achieve the expected target. In response, the company stated that although its operating income increased by 29.18% over the same period of the previous year, during the reporting period due to the company's business expansion needs, operating and management expenses increased more than the same period of last year, and due to the substantial increase in balance of accounts receivable at the end of the year As a result, the accrued asset impairment loss increased substantially, resulting in a failure to achieve a net profit growth rate.

In the explanation of the main reasons for the increase or decrease in the project's increase or decrease of more than 30%, Ruihe said that at the end of the period, the company’s total assets were RMB 151,814.99 million, an increase of 145.36% from the beginning of the period, mainly due to the company’s public offering of shares and the acquisition of shares. The net amount of funds was RMB 561,508,600. The owner's equity attributable to the listed company was RMB 83,698.10 million, an increase of 325.86% from the beginning of the period; the net assets per share attributable to the shareholders of the listed company was RMB 10.46, an increase of 218.90% from the beginning of the period. In addition to the above reasons, there are ending stocks and capital reserves as well as an increase in net profit in the current period.

According to relevant information of Ruihe Group, the company’s revenue from the public decoration business and residential finishing business is currently at 7:3, but in recent years, the proportion of residential fine-tuning business has continued to expand, rising from 6.27% in 2008 to 2011. The 29.56% in the medium term gradually became an important source of income for the company.

Hirota Co., Ltd.: The strategic cooperation agreement will force the future of the home improvement business to remain bright. On February 28, Hirota announced a performance report. In 2011, the company achieved operating revenue of RMB 5,344,460,500, an increase of 26.83%; operating profit of RMB 374,215,100, an increase of 39.07% year-on-year; net profit attributable to shareholders of listed companies was RMB 276,641.75 million, a year-on-year increase of 33.16%. Basic earnings per share was 0.89 yuan, an increase of 8.54% year-on-year. Prior to this, in the third quarter of 2011, Hirota Co., Ltd. had forecasted that the 2011 net profit attributable to the shareholders of the listed company would increase by 25% to 50% over the same period of the previous year, and the 33.16% disclosed in the results report was in this range. There is no difference. While effectively circumventing market risks, the company actively expanded its business and strengthened cost control to ensure a steady growth of the company's performance.

In the first two months of this year, the company has obtained 9 patents, which will play a positive role in the company's future use of technological research and development advantages, protection of advanced design schemes, improvement of construction quality and efficiency, and better completion of construction and design tasks.

From the announcement of Guangda, the order from Evergrande is still a strong support for the company's performance. In the first three quarters of the previous year, the company and Evergrande Real Estate signed a new order amounting to 2.596 billion yuan. According to the strategic cooperation agreement signed by both parties in November 2010, Hirota will undertake the construction and decoration construction business of part of the construction projects of Evergrande Real Estate and its subsidiaries' project companies. Among them, Evergrande Real Estate arranges approximately 3.5 billion yuan in renovation construction tasks each year to the Guangtian Stock Co., Ltd., and annually increases the construction task of about 1 billion yuan. Based on this calculation, the total amount of the project involved in the strategic agreement will reach around 13.5 billion yuan. Affected by the macro-control, the performance of Hirota shares has declined, but as the industry leader in the fine decoration of homes, once the relevant policies appear loose, the performance will have a stronger explosive.

PVC 45 Degree Elbow
PVC 90 Degree Elbow
PVC Tee
PVC Reducing Tee
PVC Clamp Saddle
PVC Socket
PVC Reducing Socket
PVC Female Threaded Adaptor
PVC Double Male Threaded Adaptor
PVC Male Threaded Adaptor
PVC Male End Cap
PVC Pipe Clip
PVC Union
PVC Female End Cap
PVC TS Flange
PVC Van Stone Flange
PVC Blank Flange with Female Brass Insert
PVC Blank Flange
PVC Double Flange Socket
PVC Compression Joint

Pipe Fitting

Pipe Fitting,Plastic Pipe Fitting,PVC Pipe Fitting,PE Pipe Fitting

BAODING LIDA PLASTIC INDUSTRY CO., LTD. , http://www.ldsyplastic.com