On March 28, the China Coal Industry Association held a press conference to release the Annual Report on the Development of the Coal Industry in 2022 (hereinafter referred to as the Report). According to
the report, in 2022, China's raw coal output reached 4.56 billion tons, a record high , and the operating income of coal enterprises above the national scale was 4.02 trillion yuan, an increase of 19.5% over the previous year; The total profit was 1.02 trillion yuan , an increase of 44% over the same period last year.
This total profit broke the record set last year, and it was also the first time that the total profit of coal enterprises above the national scale exceeded trillion yuan .
In contrast to the cement industry, cement is an energy-dependent industry, and the cost of coal and electricity accounts for a relatively high proportion of the total production cost. In general, for every 100 yuan increase in the price of thermal coal, the cost of cement will rise by 10 to 15 yuan. In 2022, the coal price will rise further on the basis of the high coal price in 2021, with the average price of various types of coal rising by about 18% year-on-year, and the current coal price is still at a high level. The annual cement output
in 2022 was 2.118 billion tons, representing a year-on-year decrease. 10. The continued weak demand led to a low price trend, combined with the high coal price, the profit of the cement industry was under pressure. China Cement Net Cement Big Data Research Institute estimates that the total profit of the cement industry in 2022 will be about 68 billion yuan, down about 60% from the same period last year.
As the most profitable enterprise in the cement industry, Conch Cement realized business income of about 132.022 billion yuan in 2022 , a decrease of 21.4% compared with the same period last year; Net profit attributable to shareholders of listed companies was about 15.661 billion yuan, a decrease of 52.
As for the decline in performance, Conch Cement said that in 2022, due to the increasing downward pressure of macro-economy and the continued weakening of the real estate market, the demand of the national cement market contracted significantly. The market demand continued to be depressed and the supply increased, which made the industry insiders of " admitted throughout the year, including conch. At present, the cement industry is still facing triple pressures:
First, the demand for cement has entered a downward channel, the overcapacity has further intensified, and the downward pressure has become more prominent; Second, under the background of "double carbon", the cement industry, as a major emitter, is facing tremendous pressure to reduce emissions; third, the coal price is further high, which brings huge cost pressure to cement enterprises.
Horizontal comparison of the annual performance of many cement enterprises also shows that the cement industry will be affected by high coal prices and weak demand in 2022, and the net profit of most cement stocks will fall sharply.
According to the statistics of China Cement Network, many cement listed companies have announced their performance last year, except Qingsong Jianhua (mainly chemical industry), most of the major enterprises have experienced a sharp decline in performance.
1.2.0 HTML0UN K343.0 HTML0 UNK3 54. Cooperate with the production technology department to do a good job in the cost performance analysis of various coals. In tons < a href = "https://price.ccement.com/Price_list-1-s0-e0-p0-c0-k100059-b0.0HTML0UNK36 Conch Cement: 0 HTML0 UNK3 7 Cement is an energy dependent industry, Coal and electricity costs account for a relatively high proportion of clinker production costs, and the current coal price is still at a high level. Once the price rises significantly again due to factors such as policy changes or market supply and demand, it will drive up the production costs of the Group, and if the resulting cost increases cannot be fully transmitted to the product price side, it will further reduce the profit margin of the Company. 0 HTML0 UNK3 8 In view of the aforesaid risks, the Group will conduct in-depth research on the changes in the market supply and demand of coal and other raw materials, deepen strategic cooperation with large coal enterprises and expand direct supply channels. 0 HTML0 UNK3 9 Minimize the procurement costs of raw materials. 0 HTML0 UNK4 0 Accelerate the use of clean energy and optimize the fuel energy structure. 0 HTML0 UNK4 1 At the same time, the Group continued to promote the technical transformation of energy saving and consumption reduction, continuously improved the fine management level of production lines, reduced the coal and electricity consumption indicators, and reduced the use cost of coal and electricity. 0 HTML0 UNK4 2 Jidong Cement: 0 HTML0 UNK4 3 The Company will 0 HTML0 UNK4 4 deepen the strategic cooperation with large coal enterprises, 0 HTML0 UNK4 5 deepen the intensive management of procurement, enhance the increment of long-term cooperation and high-quality channels, improve the fulfillment rate of long-term cooperation channels, minimize procurement costs and improve the quality of raw materials and fuels; 0 HTML0 UNK4 6 The Company continued to promote the technical transformation of energy saving and consumption reduction, further improved the refined operation level of the production line, continuously optimized the coal and electricity consumption indicators, reduced the cost of coal and electricity use, and achieved cost reduction and efficiency enhancement. 0 HTML0 UNK4 7 Tapai Group: 0 HTML0 UNK4 8 Coal and electricity are important components of cement manufacturing costs, 0 HTML0 UNK4 9 Coal prices are expected to fall this year. 0 HTML0 UNK5 0 At the same time, the Company will accelerate the construction progress of the project of co-processing of alternative fuels and alternative raw materials in cement kilns in 0 HTML0 UNK5 1, and the cost of cement production is expected to decrease accordingly. 0 HTML0 UNK5 2 In order to further promote the green, digital and intelligent development of the cement industry, China Cement Network will be launched on April 24-25, 2023. 0 HTML 0 UNK5 3 "China Cement Industry Green Development Summit Forum and Ultra-clean Emission Technology Exchange Conference" 0 HTML 0 UNK5 4 and 0 HTML 0 UNK5 5 "Fourth China Cement Intelligent Summit Forum" 0 HTML 0 UNK5 6 were held in Changsha, Hunan Province, inviting industry experts, cement and related enterprises. Jointly promote the high-quality development of the cement industry! ccement.com/pricenewslist-1-430000-430200.
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