Revenue of 18 listed companies in construction and decoration industry in 2016

Zhu Qian 2017-04-25 16:53:15 E3141G0 source: foresight Industry Research Institute, E3141G0

Increasing the concentration of architectural decoration industry

As the industry market is large, the entry threshold is relatively low, and the present decoration market tends to mature and the product service is homogenized seriously, which leads to the fierce competition of the existing building decoration enterprises. The data show that the annual output value of the top hundred enterprises in 2016 is about 450 billion yuan, accounting for 12.07% of the total output value of the industry, and the industry ranks first. One of the Golden Mantis completed output value of 19 billion 563 million yuan, accounting for only 0.52% of the industry scale.

According to the analysis, with the listing of the leading enterprises and the withdrawal of small enterprises, the market share of the future decoration industry will be accelerated to the leading companies, and the market concentration will increase gradually.

First, under the serious competition environment of product service homogenization, leading companies have more advantages than small enterprises in management and cost control. Secondly, in the context of the upgrade of domestic clothing consumption, consumers prefer the leading companies that pay more attention to product innovation and quality control. Thirdly, with the normalization of anti-corruption, the industry is more and more transparent. The small enterprises with incomplete qualification and unfair competition will lose their competitiveness. In the end, the large real estate enterprises will be partners with the fixed leading decoration enterprises. With the improvement of the concentration degree of the upstream real estate enterprises in the decoration industry, the market share of the leading decoration enterprises will be improved and the decoration industry will be promoted. A moderate promotion.

Chart 1: the concentration of building decoration industry is increasing (unit:%)

Overview of operating income and net profit of 18 listed companies in 2016

In 2016, the performance of the listed companies in the decoration industry also confirmed the high growth view of the leading companies. According to the statistical report on the development prospects of China's building decoration industry and the investment strategic planning analysis issued by the forward Industry Research Institute for 2017-2022 years, the revenue of 6 enterprises in the 18 building decoration companies in 2016 fell down. And the decline is basically within 5%; of the other 12 enterprises, the highest growth in revenue growth is 52.7% of the total construction shares, in addition to 4 business revenue growth between 30%-40%, 3 enterprise revenue growth in 10%-30%, 4 revenue growth rate of 5% below.

From the net profit change, the differentiation is more obvious, the highest growth rate of net profit is 77.3% of the household faucet East Yi Sun Sheng, and the net profit growth rate of 3 enterprises is about 50%, and the net profit growth rate of 5 enterprises is negative.