On 26 August, CANLON released its 2021 semi-annual report, fully demonstrating the company's phased results in the first year of the "14th Five-Year Plan".With the successful opening of the polymer building materials industrial park and the pace of entry into the new energy field of photovoltaics, the company has continuously strengthened polymer materials research and development and equipment investment, seized market opportunities, overcoming many difficulties such as the increase in raw material prices, intensified competition in the same industry and the recurrence of the new crown epidemic, and achieved good performance.

 

During the reporting period, the Company achieved operating revenue of RMB1,129,269,700, representing an increase of 58.35% over the same period of the previous year; operating profit of RMB162,236,900, representing an increase of 50.25% over the same period of the previous year; and net profit attributable to shareholders of the listed company of RMB138,606,900, representing an increase of 54.97% over the same period of the previous year.

 

Up to now, the Company has steadily promoted long-term strategic cooperation with about 50 top enterprises such as Vanke, Xincheng, Zhonghai, Sunac, Zhongnan and Jindi, and reached win-win cooperation with more than 600 dealers, and the number of dealers will be expanded to 1,500 in the next three years.

 

The Polymer Industrial Park has achieved rapid progress from groundbreaking to equipment commissioning and trial production in less than a year. At present, the Polymer Industrial Park is already in the trial production stage. The polymer industrial park adopts a complete set of production lines imported from Italy and Germany, and strives to build a production base of polymer waterproof materials with leading technology and complete categories, and promote the new functional building materials industry to the middle and high end.

 

In the first half of 2021, RMB 57,719,200 was invested in research and development, representing a year-on-year increase of 70.77% and accounting for 4.73% of operating revenue. The significant increase in R&D investment effectively supported the Company's product iterations and formula optimisation, laying the foundation for the Company to build its core polymer strategy.

 

At present, domestic polymer waterproofing materials are mainly used in the underground substrate area, In the future, as the company's imported production line is officially put into operation, it will open up multiple application scenarios such as single-ply roofs, photovoltaic roofs, and planted roofs.

 

In order to expand the application of polymer waterproofing materials in the field of distributed photovoltaic roofing, further consolidate the company's competitive position in the polymer market and better implement its business development strategy, Jiangsu CANLON Building Materials Co. Ltd. (hereinafter referred to as the "Company" and "CANLON") intends to jointly invest in the establishment of a joint venture company with Zhejiang Liansheng Hezhong New Energy Co., Ltd. (hereinafter referred to as "Liansheng New Energy").

 

The joint venture company will have a registered capital of RMB 80 million, of which CANLON will take a 40% share and Liansheng New Energy will take a 60% share. The joint venture will leverage CANLON's competitive advantage in "whole life cycle photovoltaic roof" (CSPV) systems and Liansheng New Energy's extensive experience in solar power plant development and project operation to jointly develop rooftop distributed photovoltaic power generation projects.

 

The cooperation will be based on the principle of "strategic synergy, complementary advantages, mutual benefits and common development", integrating each party's capital advantages, scale operation advantages, market-oriented management and professional technical advantages, following the market-oriented pricing principle, establishing a long-term cooperation mechanism and promoting a comprehensive and multi-level strategic cooperation between the two parties. It will be beneficial for CANLON to expand the application of polymer waterproof materials in rooftop distributed photovoltaic scenarios, improve the company's industrial layout, better expand the market space and improve the company's comprehensive competitive strength, which is of positive strategic significance to the company.

 

The above is all about CANLON, CANLON's success is inseparable from your support, I hope you can continue to support us in the future, we will provide you with the best quality service and product guarantee. Our main products are polyurethane waterproof coating, tpo roofing membrane and roof heat insulation membrane. we have reasons to believe that CANLON will become an important force to be reckoned with in the field of new energy construction.