水泥企业去年业绩普遍翻番 今年利润有望大幅走高

2014-01-22 10:43:52

近日,多家水泥上市公司发布2013年业绩预告,其中,大多数的企业业绩翻番。水泥企业业绩大增的原因来自多方面,环保在其中扮演着重要的作用,而四季度水泥价格持续走高是水泥行业业绩超预期的主要原因。展望2014业内十分看好水泥板块的走势,某私募研究员表示,2013年,不少水泥板块个股股价几乎腰斩,目前,水泥板块明显处于估值洼地,2014年或将迎来估值修复过程。

  近日,多家水泥上市公司发布2013年业绩预告,其中,大多数的企业业绩翻番。水泥企业业绩大增的原因来自多方面,环保在其中扮演着重要的作用,而四季度水泥价格持续走高是水泥行业业绩超预期的主要原因。展望2014业内十分看好水泥板块的走势,某私募研究员表示,2013年,不少水泥板块个股股价几乎腰斩,目前,水泥板块明显处于估值洼地,2014年或将迎来估值修复过程。

  多家水泥企业业绩大增

  祁连山、华新水泥周二晚间发布2013年业绩预告,预计2013年度净利润与上年同期相比,增幅分别为160%、105%至125%。

  截至周二,19家水泥上市公司中有12家公布了2013年业绩预告。剔除ST狮头因本部水泥生产线搬迁停产而业绩亏损,以及四川双马因出售子公司股权而业绩大增外,其他10家中有7家业绩预增可能或超过100%。

  其中,深天地A全年业绩预增151%至190%;冀东水泥全年业绩预增70%至100%;上峰水泥全年业绩预增136.48%至155.40%;江西水泥全年业绩预增110%至136%;塔牌集团全年业绩预增65%-115%;海螺水泥全年业绩预增50%左右;金隅股份全年业绩预增0至15%。

  多重因素导致水泥行业业绩大增

  据了解,水泥企业业绩大增的原因来自多方面。新增产能减少的同时还有一部分落后产能淘汰,以及行业整合后集中度提高都是其中原因之一。除此之外,环保在2013年的水泥价格中也扮演着重要的作用。

  2013年下半年,正当企业担心下半年需求旺季水泥价格时,政府加大环保力度导致水泥供给收缩,以及企业自律主动收缩供给,不少地区水泥价格上涨超预期。华东、两广、湖北和京津冀等地区水泥价格涨幅在10%-40%。

  据了解,7-8月因高温限电,华东淡季水泥价格逆势走高,进入9月份需求旺季后,华东各地也不断出现节能减排,水泥供给减少,驱动水泥价格不断上涨。

  另外,今年下半年需求旺季,上海、江苏、浙江、安徽、福建水泥价格环比大幅上涨34.3%、23.3%、22.2%、40.7%,价格高于去年同期最高水平。因长江连通华东水泥市场,湖北旺季水泥价格环比上涨35.5%。

  中金公司近期研报显示,四季度水泥价格持续走高是水泥行业业绩超预期的主要原因。四季度以来全国水泥价格持续走高至年底,而以往11月中旬即开始回落,超出市场预期。分区域来看,华东、华中和华南四季度均价环比分别提高58、56和79元/吨,好于其他区域,主要是因为这些区域需求保持旺盛,而新增供应开始减少,节能减排停产较多,且区域企业自律较好;华北四季度均价环比持平,西南和西北均价环比小幅提高15元/吨左右。

  2014年水泥行业利润望大幅走高

  2013年,水泥市场已经完美收官,展望2014年,业内十分看好水泥板块的走势。

  目前来看,整个水泥行业2013年前10个月已经实现利润533亿元,同比增长约21.5%,远远高于上年同期水平,全年实现利润将超过800亿元,有望创历史第二高水平。2014年水泥需求总体将保持温和增长态势,在不考虑水泥新标准实施的情况下,产量继续增长6%至7%,行业利润仍维持较高水平。

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Correlation

According to the information from China Cement Market Data Center, the demand in Northwest China is weak, the demand in Guanzhong of Shaanxi has reached the peak, but the enterprises have stabilized the price to support the market, and the pressure of dark drop is looming; the price depression in Ningxia continues to impact the market in Gansu and Shaanxi; the situation of maintaining stability in Xinjiang is remarkable.

2025-04-25 17:28:03

According to the data center of China Cement Market, the demand for cement in southwest China is weak, the price of cement in Chongqing is weak and stable, and the fatigue in Yunnan is pushed up.

2025-04-25 17:20:00

According to the data center of China Cement Network, the price of cement in central and southern Zhejiang has dropped by about 20 yuan/ton, the scope of price reduction in the Yangtze River Delta market has expanded, and the overall market price has changed from dark to bright around the end of the month.

2025-04-25 16:53:38

According to China Cement Network Market Data Center, driven by the policy of stopping kilns in the cement market in Northeast China, cement prices in Liaoning and Jilin have risen, while in Heilongjiang, due to the small price impact in the early stage, they have not followed the rise this time.

2025-04-25 16:44:28

According to the China Cement Market Data Center news, the Beijing-Tianjin-Hebei cement market is weakening, prices in southern Hebei are falling back; Shanxi and Inner Mongolia markets are light, and prices are temporarily stable.

2025-04-25 16:32:04

On the evening of April 24, Shangfeng Cement released its annual report and quarterly report, while highlighting a new five-year development plan and a dividend scheme with a dividend rate of up to 7.5%. In the case that the scale of production capacity has not entered the top ten of the industry, the company's annual net return to the parent company ranks third among the listed companies in the industry, the comprehensive gross profit rate ranks first among the listed companies in the industry, and the net return to the parent company in a single quarter increases by 447.6%. While maintaining the high efficiency of the main business, the company's equity investment performance is outstanding, and a number of invested semiconductor science and technology enterprises have started to declare for listing one after another, and the newly released five-year planning report also clearly shows that the accumulation of its series of new economic equity investment will help the company to improve its quality and transformation.

2025-04-25 10:00:21

During the reporting period, the cement industry ecology gradually improved, the company's cement sales price increased slightly, but decreased by 9.57% year-on-year. Benefiting from the impact of the decline in coal purchase price, the average cost of cement sales decreased year-on-year, but the decline in cost was less than decline in price, and the comprehensive gross profit rate decreased slightly year-on-year; Thanks to the impact of the capital market recovery, the company's financial investment income has increased substantially, which has increased the company's performance.

2025-04-21 17:25:14

In Li Kunming's view, with the strengthening of self-discipline and off-peak production of cement enterprises, it is expected that the market will return to normalization in 2025, and the fluctuation space will be narrowed, showing the operation characteristics of "rising with a top and falling with a limit".

2025-04-18 10:47:57

According to China Cement Net Market Data Center, the northwest cement market as a whole recovered weakly last week, Gansu and Gannan regions had doubts about the landing, Shaanxi Guanzhong was stable, Xinjiang market started price repair adjustment, but the actual transaction price did not fluctuate, and the pattern of weak supply and demand was obvious.

2025-04-14 16:10:13

At the beginning of last year, in the face of declining demand, domestic cement enterprises, including some leading enterprises, put stabilizing and increasing market share in a prominent position in their work reports at the beginning of the year, and the industry was full of "gunpowder". In contrast, at the beginning of this year, the work reports of major enterprises at the beginning of this year did not focus on market competition and share promotion, but more on stabilizing the situation, anti-involution and increasing efficiency, and the mentality of enterprises in the industry has changed significantly.

2025-04-10 16:35:00

On the basis of the sharp decline in demand in the second half of last year, the company expects that demand will continue to decline in the first half of 2025 due to insufficient rolling of stock projects and the reduction of new start-up projects. However, as the country continues to push the real estate market to stop falling and stabilize, and the capital situation is expected to improve, some infrastructure projects have been launched, and the demand decline is expected to gradually narrow in the second half of the year.

2025-04-09 10:16:20

The estimated increase in the results for the period was mainly due to the decrease in product cost and the increase in sales volume of the Company.

2025-04-08 17:13:45

According to the data center of China Cement Market, the cement market in southwest China is weak. Prices in Sichuan are mainly stable, while cement prices in Chongqing and Yunnan are weak this week.

2025-03-24 13:26:12

During the reporting period, the Company actively strengthened cost control, resulting in a year-on-year decrease in the prices of major raw materials such as coal and a year-on-year decrease in the cost of cement clinker. However, due to the significant decrease in market demand and the significant decrease in the sales price and sales volume of cement clinker, the gross profit of cement clinker decreased year-on-year.

2025-01-17 09:35:09

In the first three quarters of 2024, the overall performance of 18 listed companies continued to be poor, with almost all revenues declining, all profits of profitable enterprises declining, and nearly half of them falling into a loss state.

2024-11-22 16:15:43

Asia Cement said in the third quarter report that looking forward to the fourth quarter, the demand for cement will pick up to a certain extent. With the support of increasing peak staggering efforts, the contradiction between supply and demand of cement will be alleviated in stages. It is expected that the results of the increase in cement prices in the third quarter will be maintained until the end of the year, and the benefits of cement enterprises are expected to usher in marginal improvement.

2024-11-06 10:05:59

From the recent market situation, the overall cement industry in the fourth quarter has a better expectation, the company has certain advantages in cost control and other aspects, will better benefit from the current round of price recovery and the impact of the rising boom stage.

2024-11-05 11:03:06

Looking forward to the fourth quarter, the demand for cement will pick up to a certain extent, and the contradiction between supply and demand of cement will be alleviated in stages with the support of increasing peak staggering efforts in various regions. It is expected that the results of cement price increase in the third quarter will be maintained until the end of the year, and the benefits of cement enterprises are expected to usher in marginal improvement.

2024-11-01 11:10:16

The incorporation of the cement industry into the national carbon market will have a significant impact on cement enterprises in terms of production and operation, data control, transaction costs, energy saving and carbon reduction investment. With the carbon quota from basic satisfaction to tight reduction, it will effectively promote production reduction, thereby affecting competitiveness and supply and demand pattern.

2024-11-01 09:52:46

According to the China Cement Market Data Center, the price of cement in Lanzhou-Baiyin area of Gansu Province has risen by 10 yuan/ton; the prices in Qinghai, Ningxia, Xinjiang and Shaanxi are stable. Affected by the big drop in temperature, rain and snow before the festival, the market demand in Qinghai has declined significantly. As the weather cleared up, cement sales in the region rebounded, and the market showed signs of warming up.

2024-10-12 17:29:56

Relevant data show that the industry lost about 1.2 billion yuan in the first half of the year, with sales falling by 11%. Conch Cement: In the first half of the year, the Company achieved an operating income of RMB45.566 billion, representing a year-on-year decrease of 30.44%, and a net profit of RMB3.326 billion, representing a year-on-year decrease of 48.56%. Tapai Group: achieved operating income of RMB1.976 billion, representing a year-on-year decrease of 31.17%; net profit attributable to shareholders of the listed company was RMB226 million, representing a year-on-year decrease of 53.43%. It is expected that with the arrival of the traditional peak season of cement sales, the demand side will be better in the second half of the year than in the first half, and the price side is expected to continue to repair.

2024-08-30 10:06:24

Since the beginning of this year, enterprises around the country have generally increased their efforts to stagger the peak, but it is still not enough to reverse the imbalance between supply and demand. In the future, the cement industry may face a severe test.

2024-08-05 13:48:41

Efforts should be made to improve operational efficiency and ensure the completion of annual performance targets.

2024-07-31 10:02:25

According to the China Cement Network Market Data Center, the Northeast region shut down the kiln again for 15 days in August, which played a supporting role in cement prices.

2024-07-26 17:06:09

Tapai Group issued a performance forecast for the first half of 2024. The net profit attributable to shareholders of the listed company during the reporting period was RMB218,586,600 to RMB242,874,000, representing a decrease of 55% to 50% as compared with the same period of last year.

2024-07-09 09:30:18

China Cement Network Market Data Center News, Northeast China stopped kilns to boost the implementation of price increases, 13-17 leading enterprises in Northeast China have notified to promote cement price increases of 30-50 yuan/ton again, the actual implementation range is about 30 yuan/ton.

2024-05-17 17:32:33

In the first quarter of 2024, the industry as a whole showed the operational characteristics of "shrinking demand, fierce competition, high inventory and low price".

2024-05-07 09:20:19

The announcement said that in the first quarter of 2024, due to the downturn of the real estate market, the shortage of project funds and frequent extreme weather, the demand for cement was less than that of the same period last year, and the sales of cement products (cement + clinker) decreased by 14% compared with last year.

2024-04-30 10:48:04

Some manufacturers hold a pessimistic attitude, believing that the low-cost cement in Guangdong and Guangxi is already a "major threat" to the Hainan market.

2024-04-26 11:59:40

According to China Cement Network Cement Big Data Research Institute, more than 90% of cement enterprises will fall into losses in the first quarter.

2024-04-23 14:31:56

According to the China Cement Network Market Data Center News, Northeast China: Northeast market demand is weak and stable, cement prices have loosened.

2024-04-19 16:57:31

Recently, a number of cement listed companies have been surveyed by institutions and expressed their views and judgments on the market trend this year.

2024-04-18 11:15:12

After the market competition, the business strategy of the enterprise tends to be rational, and there is a strong willingness to increase the off-peak production and stabilize the market. It is expected that the cement price will continue to fluctuate in 2024.

2024-04-17 09:50:03

Although Shanshui Cement can not fully represent the situation of other enterprises in Shandong region, the situation of falling volume and price makes Shandong cement industry face severe challenges in the first quarter of 2024.

2024-04-12 10:53:41

According to the China Cement Network Market Data Center news, during the Qingming period, Jiangsu and Zhejiang regions continued to rain, demand was low, and enterprise shipments were general.

2024-04-07 17:31:22

According to the cement market data center,

2024-04-07 16:58:30

According to the market data of China Cement Net, in early April, the leading enterprises in Baoding, Hebei, notified an increase of 30 yuan/ton in cement price. Overall, the demand recovery in Baoding is slightly better than that in northern Hebei, with certain conditions for price increase.

2024-04-07 16:55:08

In 2024, the setting of Xinjiang's economic development target indicates that the cement market demand will continue to grow, and the market is expected to remain stable.

2024-03-26 14:06:11