What did you earn in 2022? Profits have shrunk dramatically! Will the market be good in 2023?

2023, are you satisfied with your income last year? Cement companies have recently released their own profit forecasts. Let's take a look.

This is our summary of the performance forecast of 14 cement listed companies in 2022. Except Qingsong Jianhua, the net profit of other cement enterprises has declined by a large margin, and even suffered serious losses. The main reasons for

this can be summed up in three points: the downturn of the real estate market, repeated epidemics, and rising prices of raw materials such as coal. The demand for cement is insufficient, the production and sales of enterprises are declining, and the cost is rising, so the profit is naturally poor.

In 2022, the cement industry can be said to have encountered unprecedented difficulties. We estimate that the total profit of the national cement industry in this year will be about 70-80 billion yuan, compared with 169.4 billion yuan in the previous year, directly "cut in half".

However, the benefits of 2022 are not ideal, and 2023 may not be too optimistic.

From the perspective of cement demand, although real estate investment will stabilize in 2023, it is difficult to return to positive, and the probability of real estate investment will continue to grow negatively, which will continue to drag down cement demand. At the same time, 5G, industrial Internet, energy storage infrastructure and other new infrastructure have become the focus of the country's next efforts, while traditional infrastructure has gradually declined. It can be said that the pull of infrastructure on cement demand is becoming more and more limited. We expect cement production to decline in 2023, but the decline is not so obvious.

In the current situation of high cement storage capacity and weak demand, we believe that the price of cement will probably move down in the whole year of 2023, and the second half of the year may be slightly better than first half, but the price of raw materials such as coal remains high, and the high cost is squeezed. The benefits of the industry in 2023 will not be too optimistic. What do

you think? Feel free to leave a comment in the comments section.