Beijing New Materials’ net profit fell by about 82% last year

Beijing New Materials’ net profit fell by about 82% last year
Beijian New Materials’ 2019 annual report released on March 20 showed that the company achieved operating income of 133.2.3 billion yuan, an increase of 6.03%; net profit attributable to shareholders of listed companies is 4.4.1 billion, a decrease of 82 from the same period last year.11%.Figure / Announcement screenshot According to the introduction of Beixin Materials, the report benchmarks, the company further expands its business with gypsum board as the core, and at the same time enters the waterproof industry, expands the waterproof material and paint business, and cultivates new performance growth points.The announcement shows that in 2019, waterproof building materials will achieve revenue2.05 billion, accounting for 1 of the total operating income.54%.However, the reason for the growth rate of net profit was not explained in the announcement.Sauna, Yewang noticed that the announcement mentioned 20 non-operating expenses of the company in 2019.9.1 billion yuan, ranking 2018 non-operating expenses2.6.8 billion, an increase of 681 per year.33%.In the process, Beixin Construction Materials explained that the primary reason for the increase was the increase in the attorney fees and settlement fees for the US gypsum board matters incurred by the company and its secondary subsidiary Taishan Gypsum.Since 2009, U.S. homeowners and house construction companies have filed multiple lawsuits against at least dozens of gypsum board producers within Taishan Gypsum Co., Ltd., including new construction materials in the north, on the grounds of quality problems with gypsum board.The announcement shows that the increase in lawyer fees and settlement fees for reporting major indicators is about 19.3.6 billion yuan.The data shows that Beijing New Building Materials is a comprehensive new building materials industry group, providing gypsum board, keel, universal board, mineral wool board and other “whole house assembly” indoor systems for various buildings.According to this announcement, Beijing Construction Materials proposed a business plan for 2020, which will accelerate the integration of the waterproof business, increase technological innovation, and improve the quality and performance of waterproof materials.At the same time, continue to promote the multi-layer board composite wall, and promote the residential field from the use of brick block wall to the use of gypsum board composite wall.Sauna, Ye Wang Zhang Jie editor Li Yang proofreading Li Xiangling