Tianan New Materials: Net profit in the first half of the year turned from loss to profit year-on-year, and actively builds prefabricated interior "little giants"

On the evening of August 30, Tianan New Materials released the 2021 interim report. In the first half of the year, the company achieved operating income of 626 million yuan, an increase of 108.03% year-on-year. The net profit attributable to shareholders of listed companies was 29.708 million yuan, which turned losses into profits year-on-year; the net cash flow from operating activities was 50.2593 million yuan, which turned positive year-on-year, and the net-to-now ratio reached 1.69. At the same time, the company also won the title of the third batch of "little giants".

Tian'an New Material is mainly engaged in home decoration facing materials, automotive interior facing materials, films, artificial leather and other products. Green environmental protection has always been its product feature and core concept. In recent years, Tianan New Materials has tried to embed the concept of green environmental protection and healthy lifestyle into the field of space decoration through environmentally friendly decorative facing materials, extending to the field of prefabricated interiors, and has made good progress.

The requirements of prefabricated interior decoration for home decoration integrate interior design, construction, furniture, soft decoration, whole house custom furniture, and smart home. The whole outfit company needs to fully coordinate the relationship between decoration, construction, building materials, furniture, accessories, etc. starting from the design, and the requirements are very high. But at the same time, the prefabricated interior can realize the homogenization and rapid expansion of production capacity. Through standardized operations and modular installation, the on-site workers avoid the bottleneck that is highly dependent on the personal experience and skills of the decoration workers.

Tianan New Materials has created a closed-loop system of integrated product services for this purpose-Tianan Integrated Sunflower Integrated System, covering all aspects of plan design, display experience, communication and customer acquisition, data management, digital factory delivery, and customer service.

The company has also enriched the product matrix of prefabricated interiors through a series of mergers and acquisitions, and strengthened the shortcomings in the home furnishing channel. In the first half of the year, the company acquired 60% of the shares of Ruixin Decoration Materials in cash, and reached the domestic leading level in the fields of high-end refractory board, non-combustible high-pressure resin and other decorative materials. In the first half of the year, the company also initiated the acquisition of 66% equity of Eagle Ceramics. Through this move, it will join hands with high-quality enterprises in the architectural ceramics sector to complement each other's advantages.

It is reported that Eagle Ceramics is an old state-owned enterprise in the field of architectural ceramics. In 2020, the number of directly-operated stores/showrooms will exceed 1,100, and the number of distributors will exceed 1,000. It has relatively rich terminal channels and brand advantages. Eagle ceramics will become an important flow port for Tianan New Materials to move towards the C end.

Tianan New Materials stated that the full service integrating hard installation, soft installation, distribution and installation is becoming the development trend of Jiaju's finishing industry, and there are individual needs of consumers in every link. At the moment when consumers are pursuing health, comfort and aesthetics, Tianan New Materials uses its unique technological research and development advantages to superimpose rich designer resources and green design concepts. To provide consumers with environmentally friendly, aesthetically artistic, and personalized home furnishing products, the market structure of home improvement, apartments, hotels and public installations is expected to be reshaped in the future.