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Crack the "rise" trouble! Take a look at how these coating enterprises cope with
Update time：2012-01-17 11:11:50clicks：1961次Type size：T|T
Since 2016, the prices of titanium dioxide, resin, TDI, solvents, emulsions and other main raw material products have risen, and some have even increased by more than 90%. The continuous transmission of the price rise signal has also changed the mentality of downstream coating manufacturers. Many companies from the beginning of the cost concerns, into a more realistic product price increases.
Coating reporters noted that from the middle of March 2017, coating companies opened a new round of collective price increases. According to the information, the average price increase of products of mainstream domestic and foreign manufacturers, including Akzonobel, PPG, Joton, Axalta, Nippon, Three Trees, Bards, Valspar (China Resources), Carbol, Oriental Yuhong, Chang Yunfa, Chen, Dabao Chemical, will range from 6% to 20%.
For coating companies, an important aspect of improving profit growth is to control the cost of raw materials for production. Therefore, major coating companies are worried about the risk of raw material price fluctuations and actively take measures to respond. The reporter of "Coating industry" sorted out the content of raw material prices in the first half of 2017 report of major coating enterprises for the reference of the industry
Three trees (603737) in the released 2017 report said that the main raw and auxiliary materials of the company's products are emulsion, resin, titanium dioxide, all kinds of organic solvents, packaging, etc., all kinds of chemical raw materials and packaging costs accounted for more than 90% of the company's main business costs. If the market price of raw materials rises sharply, the company cannot transfer the risk of fluctuations in raw materials prices to downstream customers in a timely manner, and there will be risks of increased main business costs and declining performance caused by rising material prices.
In response to the risk of raw material price fluctuations, Sanshu's countermeasures are: the company will further strengthen the analysis of the trend of raw material price changes, and take reasonable reserves of raw materials to cope with the risk of rising costs caused by short-term price fluctuations. In addition, with the enhancement of the company's brand awareness and dealer profitability, the company's bargaining power for downstream customers has gradually improved, and the company will reasonably transfer the upward cost pressure through product price increases and other means according to the fluctuation of upstream raw material prices.
Oriental Yuhong (002271) said in the 2017 interim report released that the raw materials required for the company's production mainly include asphalt, polyether, polyester tire base, chain extender, emulsion, MDI and SBS modifier. The company's main raw materials are petrochemical products, which are greatly affected by changes in international crude oil prices and the supply and demand relationship of petrochemical products. If the market price of the above raw materials fluctuates significantly, it may have a certain impact on the company's profit level.
Oriental Yuhong said that in order to cope with the risk of fluctuations in raw material prices, the company uses a mature raw material procurement system to actively respond: the procurement department can accurately grasp the market trend, rationally arrange the procurement time and plan of key materials, and cooperate efficiently among various departments to effectively reduce the procurement price through technological progress, gathering advantages of main raw materials, and improving bargaining power. Appropriate use of raw material market sales off-season to increase reserves, further reduce procurement costs.
Oriental Yuhong also said that the company will effectively control procurement costs through large-scale centralized procurement and increasing reserve volume in the off-season of raw material sales. Through the national layout of production bases to bring product transportation and other sales costs down; Reduce management costs and expenses through large-scale production. In addition, the company through technological progress, process improvement, production management level improvement, the implementation of lean production and fine management, while improving product quality, but also further promote the cost reduction.
On August 30, Kshun Waterproof (833761) said in the 2017 mid-year report released that the raw materials required for the company's production mainly include asphalt, film (including isolation film), polyester base, SBS modifier, polyether, emulsion, base oil, paraffin, isocyanate, etc. The aforementioned raw materials are petrochemical products, which are greatly affected by the international crude oil market. Although the company has a certain ability to transfer raw material price increases, it cannot completely cover the raw material price increases. If the price of major raw materials such as asphalt required for the company's production continues to rise sharply in the future, the company's gross profit margin and operating performance will continue to decline.
In response to the risk of fluctuations in raw material prices, Kesun Waterproofing gives the following measures: the company makes full use of the advantages of scale and establishes a close strategic cooperative relationship with the manufacturers of main raw materials directly in the upstream, in order to obtain a stable supply of raw materials, reduce circulation costs, and ultimately reduce procurement costs. At present, the company has established long-term cooperative relations with suppliers such as petrochina Fuel Oil Co., LTD., Tianjin Lejin Botian Chemical Co., LTD.
On August 29, the 2017 mid-year report released by Jinlitai (300225) showed that the net profit was 26,020,600 yuan, down 33.488% year-on-year. The company said that affected by the rise of major chemical raw materials, gross profit margin declined year-on-year, so that net profit attributable to shareholders of listed companies declined compared with the same period last year.
Jin Litai said that the fluctuation of oil prices leads to the price fluctuation of chemical materials, which will make the company face the challenge of product cost pressure. For such risks, Jinritai said that the company will improve product performance through research and development and technological progress, and reduce raw material procurement costs by strategic procurement through analysis of the price fluctuation trend of chemical materials.
Feilu Shares (300665) said in the 2017 mid-year report released that the fluctuation of anti-corrosion products was mainly due to the increase in the raw material procurement unit price, unit labor and unit system fees during the reporting period, resulting in a slight decline in gross profit margin. The fluctuation of waterproof products is mainly due to the large increase in the purchasing unit price of N220 polyether, N330 polyether, 330N polyether, xylene, diphenylmethane diisocyanate (MDI) during the reporting period, resulting in an increase in the purchasing unit price of raw materials during the reporting period compared with the same period. At the same time, the cost of unit labor and unit fees increased, resulting in a decrease in gross profit margin.
Feilu shares said that the main raw materials of the company's products are chemical products, accounting for the relatively large main polyether N220, MDI, KL-300 chain extender, xylene, 200# solvent oil, terminal amino polyether D-2000, epoxy resin (solid), curing agent and so on. The above raw materials are mainly downstream products of crude oil, and their prices are mainly affected by the fluctuations of international crude oil prices. During the reporting period, the direct material cost of the company's product sales business accounted for about 85% of the total product cost. The price changes of the main raw materials will have a certain impact on the company's gross profit margin level.
Feilu shares said that in the future, the company will carry out strategic reserves for some key raw materials with large demand according to the market situation, effectively reducing the procurement cost. In addition, when the prices of the above-mentioned raw materials fluctuate greatly, the price of the products shall be adjusted in time to reduce the greater impact on the production and operation of the company, thus reducing the impact on the company's profitability and operating performance.
Fei Kai Materials (300398) said in the released 2017 report that the company has mastered the synthesis technology of oligomer resin with the largest amount of raw materials, which not only effectively improves the performance of oligomers, but also greatly reduces the company's product cost, making the company have a strong cost advantage compared with enterprises in the same industry. In addition, under the premise of ensuring product performance, the company uses research and development technology to conduct in-depth research on product formulations and process methods, self-synthesis or replacement of higher-priced raw materials, and improve production processes to reduce production costs.
Fei Kai Materials said that in order to minimize costs and ensure the quality of procurement, the company has established a continuous supplier evaluation and global selection system, and does not rely on a single supplier for the procurement of major raw materials. Evaluate the suppliers monthly according to the quality status, production technology capability, price, delivery time, service and other items of the raw materials provided by the suppliers during the cooperation period, and evaluate the qualified suppliers once every quarter to ensure that the production capacity, quality capability and supply price of the production suppliers can meet the needs of the company. To the maximum extent to ensure the quality of raw materials and procurement timeliness and reduce procurement costs.
On August 16, Fei Whale new materials (838426) said in the 2017 midyear report released that the company's main raw and auxiliary materials cost accounted for a high proportion of product production costs, price changes on the company's gross margin level may have a heavy impact, if the main raw and auxiliary materials prices fluctuate greatly, will affect the company's production costs and profitability level.
In response to the risk of fluctuations in raw material prices, the countermeasures given by Flywhale New materials are: optimize the strategic layout of raw material procurement, implement optimal inventory management, expand procurement channels, and maintain the diversity of suppliers, so that the company can obtain stable, high-quality and low-cost raw materials. Further strengthen the research and development and practice of environmental protection replacement of raw materials, reduce the procurement cost of raw materials under the premise of ensuring quality, while increasing research and development efforts, and constantly enhance the core competitiveness of products, in order to enhance the resistance to fluctuations in raw material prices.
On August 28, Jiunuo Shares (839611) said in the 2017 mid-year report released that the main raw materials of the company's functional architectural coating products, insulation decoration board and other products are emulsion, color sand, chemical additives, titanium dioxide, etc., and the price fluctuations of the above raw materials directly affect the company's production costs. At present, the company mainly improves its bargaining power with suppliers through the bidding mechanism and centralized procurement, and establishes a price adjustment mechanism with suppliers. However, due to the fluctuation of raw material prices, the transmission to the company's downstream customers is lagging. Therefore, if the price of raw materials rises significantly in the future, the company has a stage risk of increasing costs.
In response to the risk of raw material price fluctuations, Juno shares give the response measures: when raw materials fluctuate significantly, the company will take timely product price adjustment according to the downstream market situation, long-term strategic cooperation with customers and other measures to deal with the above risks.
On August 28, Corde Technology (838020) said in the 2017 mid-year report released that the main raw materials of the company's products are chemical raw materials such as epoxy resin, accounting for a higher proportion of the total cost. The price of epoxy resin is affected by the rise and fall of crude oil prices and show varying degrees of volatility. During the reporting period, raw material prices rose to varying degrees, and if the company's main raw material prices continue to rise in the future, it will have an adverse impact on the company's gross profit margin.
Based on the risk of price fluctuation of raw materials, Corde Technology adopts the following measures: the company establishes long-term strategic partnership with major raw material suppliers to maintain a stable supply market relationship; At the same time, increase the technical transformation of equipment and process optimization, control production costs, and maintain the cost advantage of products.
On August 25, Qianjiang High-tech (836759) said in the 2017 report released by the company's main raw materials including titanium dioxide, resin, organic solvents, etc., the price fluctuations of various chemical raw materials are subject to the price fluctuations of the crude oil market, showing large fluctuations, cyclical and other risks, fluctuations in raw material prices directly affect the company's production costs. If the company's raw material prices continue to rise in the future, the company cannot transfer the risk of raw material price fluctuations to the downstream in a timely manner, and there will be continued risks of cost increase, gross margin decline and performance decline caused by rising raw material prices.
Qianjiang high-tech said that in response to the above risks, the company's procurement department determines the best procurement and storage batch of raw materials according to the overall production plan, and uniformly prepares the procurement plan. Timely, comprehensive and in-depth understanding of raw material market information, and then according to the inventory situation, production plan and raw material price changes on the basis of reasonable adjustment of the purchase plan. Try to minimize the impact of raw material price fluctuations on the company's operations.
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Coating reporters noted that from the middle of March 2017, coating companies opened a new round of collective price increases. According to the information, the average price increase of products of mainstream domestic and foreign manufacturers, including Akzonobel, PPG, Joton, Axalta, Nippon, Three Trees, Bards, Valspar (China Resources), Carbol, Oriental Yuhong, Chang Yunfa, Chen, Dabao Chemical, will range from 6% to 20%.
For coating companies, an important aspect of improving profit growth is to control the cost of raw materials for production. Therefore, major coating companies are worried about the risk of raw material price fluctuations and actively take measures to respond. The reporter of "Coating industry" sorted out the content of raw material prices in the first half of 2017 report of major coating enterprises for the reference of the industry
Three trees (603737) in the released 2017 report said that the main raw and auxiliary materials of the company's products are emulsion, resin, titanium dioxide, all kinds of organic solvents, packaging, etc., all kinds of chemical raw materials and packaging costs accounted for more than 90% of the company's main business costs. If the market price of raw materials rises sharply, the company cannot transfer the risk of fluctuations in raw materials prices to downstream customers in a timely manner, and there will be risks of increased main business costs and declining performance caused by rising material prices.
In response to the risk of raw material price fluctuations, Sanshu's countermeasures are: the company will further strengthen the analysis of the trend of raw material price changes, and take reasonable reserves of raw materials to cope with the risk of rising costs caused by short-term price fluctuations. In addition, with the enhancement of the company's brand awareness and dealer profitability, the company's bargaining power for downstream customers has gradually improved, and the company will reasonably transfer the upward cost pressure through product price increases and other means according to the fluctuation of upstream raw material prices.
Oriental Yuhong (002271) said in the 2017 interim report released that the raw materials required for the company's production mainly include asphalt, polyether, polyester tire base, chain extender, emulsion, MDI and SBS modifier. The company's main raw materials are petrochemical products, which are greatly affected by changes in international crude oil prices and the supply and demand relationship of petrochemical products. If the market price of the above raw materials fluctuates significantly, it may have a certain impact on the company's profit level.
Oriental Yuhong said that in order to cope with the risk of fluctuations in raw material prices, the company uses a mature raw material procurement system to actively respond: the procurement department can accurately grasp the market trend, rationally arrange the procurement time and plan of key materials, and cooperate efficiently among various departments to effectively reduce the procurement price through technological progress, gathering advantages of main raw materials, and improving bargaining power. Appropriate use of raw material market sales off-season to increase reserves, further reduce procurement costs.
Oriental Yuhong also said that the company will effectively control procurement costs through large-scale centralized procurement and increasing reserve volume in the off-season of raw material sales. Through the national layout of production bases to bring product transportation and other sales costs down; Reduce management costs and expenses through large-scale production. In addition, the company through technological progress, process improvement, production management level improvement, the implementation of lean production and fine management, while improving product quality, but also further promote the cost reduction.
On August 30, Kshun Waterproof (833761) said in the 2017 mid-year report released that the raw materials required for the company's production mainly include asphalt, film (including isolation film), polyester base, SBS modifier, polyether, emulsion, base oil, paraffin, isocyanate, etc. The aforementioned raw materials are petrochemical products, which are greatly affected by the international crude oil market. Although the company has a certain ability to transfer raw material price increases, it cannot completely cover the raw material price increases. If the price of major raw materials such as asphalt required for the company's production continues to rise sharply in the future, the company's gross profit margin and operating performance will continue to decline.
In response to the risk of fluctuations in raw material prices, Kesun Waterproofing gives the following measures: the company makes full use of the advantages of scale and establishes a close strategic cooperative relationship with the manufacturers of main raw materials directly in the upstream, in order to obtain a stable supply of raw materials, reduce circulation costs, and ultimately reduce procurement costs. At present, the company has established long-term cooperative relations with suppliers such as petrochina Fuel Oil Co., LTD., Tianjin Lejin Botian Chemical Co., LTD.
On August 29, the 2017 mid-year report released by Jinlitai (300225) showed that the net profit was 26,020,600 yuan, down 33.488% year-on-year. The company said that affected by the rise of major chemical raw materials, gross profit margin declined year-on-year, so that net profit attributable to shareholders of listed companies declined compared with the same period last year.
Jin Litai said that the fluctuation of oil prices leads to the price fluctuation of chemical materials, which will make the company face the challenge of product cost pressure. For such risks, Jinritai said that the company will improve product performance through research and development and technological progress, and reduce raw material procurement costs by strategic procurement through analysis of the price fluctuation trend of chemical materials.
Feilu Shares (300665) said in the 2017 mid-year report released that the fluctuation of anti-corrosion products was mainly due to the increase in the raw material procurement unit price, unit labor and unit system fees during the reporting period, resulting in a slight decline in gross profit margin. The fluctuation of waterproof products is mainly due to the large increase in the purchasing unit price of N220 polyether, N330 polyether, 330N polyether, xylene, diphenylmethane diisocyanate (MDI) during the reporting period, resulting in an increase in the purchasing unit price of raw materials during the reporting period compared with the same period. At the same time, the cost of unit labor and unit fees increased, resulting in a decrease in gross profit margin.
Feilu shares said that the main raw materials of the company's products are chemical products, accounting for the relatively large main polyether N220, MDI, KL-300 chain extender, xylene, 200# solvent oil, terminal amino polyether D-2000, epoxy resin (solid), curing agent and so on. The above raw materials are mainly downstream products of crude oil, and their prices are mainly affected by the fluctuations of international crude oil prices. During the reporting period, the direct material cost of the company's product sales business accounted for about 85% of the total product cost. The price changes of the main raw materials will have a certain impact on the company's gross profit margin level.
Feilu shares said that in the future, the company will carry out strategic reserves for some key raw materials with large demand according to the market situation, effectively reducing the procurement cost. In addition, when the prices of the above-mentioned raw materials fluctuate greatly, the price of the products shall be adjusted in time to reduce the greater impact on the production and operation of the company, thus reducing the impact on the company's profitability and operating performance.
Fei Kai Materials (300398) said in the released 2017 report that the company has mastered the synthesis technology of oligomer resin with the largest amount of raw materials, which not only effectively improves the performance of oligomers, but also greatly reduces the company's product cost, making the company have a strong cost advantage compared with enterprises in the same industry. In addition, under the premise of ensuring product performance, the company uses research and development technology to conduct in-depth research on product formulations and process methods, self-synthesis or replacement of higher-priced raw materials, and improve production processes to reduce production costs.
Fei Kai Materials said that in order to minimize costs and ensure the quality of procurement, the company has established a continuous supplier evaluation and global selection system, and does not rely on a single supplier for the procurement of major raw materials. Evaluate the suppliers monthly according to the quality status, production technology capability, price, delivery time, service and other items of the raw materials provided by the suppliers during the cooperation period, and evaluate the qualified suppliers once every quarter to ensure that the production capacity, quality capability and supply price of the production suppliers can meet the needs of the company. To the maximum extent to ensure the quality of raw materials and procurement timeliness and reduce procurement costs.
On August 16, Fei Whale new materials (838426) said in the 2017 midyear report released that the company's main raw and auxiliary materials cost accounted for a high proportion of product production costs, price changes on the company's gross margin level may have a heavy impact, if the main raw and auxiliary materials prices fluctuate greatly, will affect the company's production costs and profitability level.
In response to the risk of fluctuations in raw material prices, the countermeasures given by Flywhale New materials are: optimize the strategic layout of raw material procurement, implement optimal inventory management, expand procurement channels, and maintain the diversity of suppliers, so that the company can obtain stable, high-quality and low-cost raw materials. Further strengthen the research and development and practice of environmental protection replacement of raw materials, reduce the procurement cost of raw materials under the premise of ensuring quality, while increasing research and development efforts, and constantly enhance the core competitiveness of products, in order to enhance the resistance to fluctuations in raw material prices.
On August 28, Jiunuo Shares (839611) said in the 2017 mid-year report released that the main raw materials of the company's functional architectural coating products, insulation decoration board and other products are emulsion, color sand, chemical additives, titanium dioxide, etc., and the price fluctuations of the above raw materials directly affect the company's production costs. At present, the company mainly improves its bargaining power with suppliers through the bidding mechanism and centralized procurement, and establishes a price adjustment mechanism with suppliers. However, due to the fluctuation of raw material prices, the transmission to the company's downstream customers is lagging. Therefore, if the price of raw materials rises significantly in the future, the company has a stage risk of increasing costs.
In response to the risk of raw material price fluctuations, Juno shares give the response measures: when raw materials fluctuate significantly, the company will take timely product price adjustment according to the downstream market situation, long-term strategic cooperation with customers and other measures to deal with the above risks.
On August 28, Corde Technology (838020) said in the 2017 mid-year report released that the main raw materials of the company's products are chemical raw materials such as epoxy resin, accounting for a higher proportion of the total cost. The price of epoxy resin is affected by the rise and fall of crude oil prices and show varying degrees of volatility. During the reporting period, raw material prices rose to varying degrees, and if the company's main raw material prices continue to rise in the future, it will have an adverse impact on the company's gross profit margin.
Based on the risk of price fluctuation of raw materials, Corde Technology adopts the following measures: the company establishes long-term strategic partnership with major raw material suppliers to maintain a stable supply market relationship; At the same time, increase the technical transformation of equipment and process optimization, control production costs, and maintain the cost advantage of products.
On August 25, Qianjiang High-tech (836759) said in the 2017 report released by the company's main raw materials including titanium dioxide, resin, organic solvents, etc., the price fluctuations of various chemical raw materials are subject to the price fluctuations of the crude oil market, showing large fluctuations, cyclical and other risks, fluctuations in raw material prices directly affect the company's production costs. If the company's raw material prices continue to rise in the future, the company cannot transfer the risk of raw material price fluctuations to the downstream in a timely manner, and there will be continued risks of cost increase, gross margin decline and performance decline caused by rising raw material prices.
Qianjiang high-tech said that in response to the above risks, the company's procurement department determines the best procurement and storage batch of raw materials according to the overall production plan, and uniformly prepares the procurement plan. Timely, comprehensive and in-depth understanding of raw material market information, and then according to the inventory situation, production plan and raw material price changes on the basis of reasonable adjustment of the purchase plan. Try to minimize the impact of raw material price fluctuations on the company's operations.
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