National total coating output in the first half of 2024 and main business income

Recently, the "semi-annual report card" of China's coatings industry was officially announced, showing the industry's brilliant performance in the first half of the year: total output surged to 17.556 million tons, up 2 percentage points year-on-year; the total revenue from the main business remained stable at 190.63 billion yuan. At the high level, a slight increase of 0.4%. What is particularly eye-catching is that the total profit soared to 11.23 billion yuan, with a year-on-year growth rate of 7.6%. This series of data not only demonstrates the tenacity of the coatings industry to move forward steadily in the face of challenges, but also lays a solid foundation for the smooth achievement of annual goals.

Looking forward to the second half of 2024, China's economic recovery is solid and firm, bringing broader development prospects to the coatings industry. With the vigorous development of key industries such as automobile manufacturing, shipbuilding industry, new energy fields, transportation equipment and electronic information, the coating market demand will continue to rise, injecting strong growth momentum into the industry. It is expected that the overall output growth rate of the coatings industry will reach about 4% in 2024, the growth rate of main business income will reach about 2%, and the average profit growth rate will be expected to remain above 8%, achieving positive growth in the three major economic indicators.

Looking forward to the full year of 2024, China's coatings industry is expected to usher in a steady growth momentum of approximately 6%, achieving a significant jump in total output. At the same time, main business income will also maintain a steady pace, and the growth rate is expected to stabilize within the 2% range. It is particularly worth mentioning that the average growth rate of industry profits will be even brighter, and is expected to reach and exceed the threshold of 8%, demonstrating strong growth potential. This series of positive expectations not only accurately captures the pulse of current industry development, but also reflects the firm belief and bright prospects for the future based on in-depth insights.