Jinlitai’s revenue in the first three quarters was 500 million yuan, down 25% year-on-year

Latest News: On October 27, Jinlitai announced its 2022 third quarter results report. The report shows that Jinlitai’s operating income in the third quarter was 188 million yuan, a year-on-year increase of 2.31%; the net profit loss attributable to shareholders of listed companies was 285.448 billion yuan, a year-on-year increase of 31.04%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses The profit and loss was 29.1307 million yuan, a year-on-year increase of 30.58%.

In the first three quarters, Jinlitai’s revenue was 500 million yuan, a year-on-year decrease of 24.57%; the net profit loss attributable to shareholders of the listed company was 84.6273 million yuan, a year-on-year decrease of 43.05%; the net profit loss attributable to shareholders of the listed company after deducting non-recurring gains and losses 87.0349 million yuan, a year-on-year decrease of 30.48%.

Jin Litai did not explain the reason for the change in this quarter’s performance. However, according to its annual report for the first half of the year, the continued high price of chemical raw materials and the severe impact of the new crown epidemic in Shanghai in the second quarter had an adverse impact on Jinlitai’s operating performance in the first half of the year. With the improvement of the epidemic situation in the third quarter, Jinlitai’s performance has gradually recovered, and the amount of loss has decreased compared with the same period last year.

Jinlitai is a national brand leader of high-performance industrial coatings integrating scientific research, production, sales and service, focusing on high-performance environmental protection automotive original coatings for more than 20 years. Jinlitai’s main products include: cathodic electrophoretic paint, topcoat and ceramic coating, which can be widely used in passenger cars, commercial vehicles, motorcycles
Protection and decoration of electric vehicles, agricultural machinery, construction machinery and light industry parts, as well as building curtain walls. At present, cathodic electrophoretic paint and topcoat are Jinlitai’s leading products.