建材行业年报业绩:同比下降62%

2016-02-06 02:06:53

在统计的60家建材上市公司中,全年合计净利润为16.3~38.5亿元,去年同期为71.4亿元,若以均值27亿元,计算同比下滑幅度为62%。再者,从亏损面上看,2014年该统计的60家上市企业中有6家企业亏损,亏损率为10%,而2015年为12家(以区间均值计算),亏损率达到20%。

  事件描述

  截至2016年1月31日,建材行业共有60家企业公告了业绩预告,我们简单汇总分析如下(仅以已经公告业绩预告的企业统计,不一定全面精准):

  事件评论

  全行业业绩同比下滑46%~77%,亏损率由10%增加至20%。我们统计的60家建材上市公司中,全年合计净利润为16.3~38.5亿元,去年同期为71.4亿元,若以均值27亿元,计算同比下滑幅度为62%。再者,从亏损面上看,2014年该统计的60家上市企业中有6家企业亏损,亏损率为10%,而2015年为12家(以区间均值计算),亏损率达到20%。

  水泥企业亏损业绩下滑基本都在50%以上,三北地区企业出现亏损。统计的18家水泥(含混凝土)上市企业里,华东、中南地区盈利相对较好,如华新水泥、万年青、塔牌集团、西部建设、上峰水泥等仍有利润在,而三北地区尤其是华北、西北地区企业如冀东水泥、天山股份、青松建化等则出现亏损(基本为年度首亏)。从亏损面上看,18家水泥企业里,2014年仅2家亏损,而2015年则有6家。进一步扩展到行业层面验证分析,15年前11月水泥行业实现收入8080亿元,同比下降9.6%,实现利润总额270亿元,同比下降61%,其中华东和中南利润总额分别为151、138亿元,各站半壁江山,其他区域基本处于亏损或者微利状态。

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Correlation

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

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

Recently, a number of cement companies have released three quarter performance reports. In the first three quarters, due to the continuous decline in cement demand and intensified competition, their performance declined in varying degrees, and some enterprises suffered serious losses.

2024-10-29 09:26:00

On the evening of October 18, Asia Cement (China) announced that it expected the Group's unaudited loss attributable to equity holders (net profit attributable to parent company) for the nine months ended September 30, 2024 to be approximately RMB459 million.

2024-10-21 10:08:37

The above expected decrease is mainly attributable to the decrease in the selling prices of the Group's major products, namely cement, ready-mixed concrete and glass fibre, the decrease in the sales volume of cement, and the decrease in the share of results of associates, but partially offset by the decrease in the cost of sales of cement and ready-mixed concrete, and the decrease in the net loss from the change in the fair value of the Group's financial assets at fair value through profit or loss.

2024-10-16 10:12:19

Tianrui Cement said that as the financial information of major associates has not yet been determined, more time is needed to prepare the interim results, so the company will delay the publication of the interim results for the six months ended 30 June 2024.

2024-10-10 10:36:24

Tianfeng Securities Research Report shows that with the arrival of the peak season in September, the progress of special bonds and special bonds at the infrastructure end has been accelerated and major local projects have been started, and the demand for cement is expected to pick up. Recently, the cement shipment data continued to recover, and the price side also rose synchronously. At present, most cement enterprises are still in a state of loss. With the strengthening of industry supply self-discipline, the superimposed demand is expected to improve marginally, and the industry profit center is expected to be lifted.

2024-09-19 10:18:37

From the overall situation, in the first half of 2024, the overall operating situation of the cement industry was grim, and the profits of cement enterprises basically declined sharply, and even some enterprises suffered huge losses. In terms of the operation and management of Conch Cement, the Group will pay close attention to the macroeconomic situation at home and abroad, and continue to improve the quality and efficiency of its operation in line with the guidance of national policies. Huaxin Cement said that it demonstrated the sense of responsibility of large enterprises and actively promoted and implemented new supply-side structural reform programs and measures suitable for the high-quality development of the industry.

2024-09-03 09:43:58

Sichuan Shuangma's private equity fund management business mainly refers to the management and investment of funds, providing management services to private equity funds, collecting management fees and performance sharing. Sichuan Shuangma currently manages a total fund of nearly 28 billion yuan, and has achieved good results in new energy, semiconductor, advanced manufacturing and other investment fields.

2024-09-02 15:33:05

On the evening of August 30, Jidong Cement released its semi-annual report for 2024. In the first half of 2024, it realized operating income of 11.22 billion yuan, down 22.55% year-on-year; realized net profit of -806 million yuan, down 120.18% year-on-year; basic earnings per share of -0.3033 yuan; weighted average return on equity ROE of -2.85%. The main sources of the company's performance are the production and sale of cement and clinker, the production and sale of aggregates and the disposal of hazardous waste and solid waste.

2024-09-02 10:36:06

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

Influenced by factors such as the continuous bottoming of real estate investment, the slowdown of infrastructure investment and the increase of seasonal rainfall in Jiangxi and the surrounding areas, the demand for cement in the market areas covered by Evergreen continued to be weak, the contradiction between supply and demand intensified competition, and the low price led to the continuous decline of industry efficiency. According to the Evergreen Announcement, through the organic combination of resource orientation and market regional characteristics, the company has achieved the integration of upstream and downstream development of the industrial chain.

2024-08-28 10:46:16

On the evening of August 26, Tianshan Stock released the semi-annual report of 2024. In the first half of the year, the company realized operating income of 39.699 billion yuan, down 25.72% year-on-year; net loss of 3.414 billion yuan, profit to loss year-on-year; basic earnings per share of -0.394 yuan. According to the data, among the subsidiaries of Tianshan Stock Company, China United Cement Group Co., Ltd. performed well in the first half of this year, with net profit turning from loss to profit.

2024-08-27 15:32:57

In the first half of the year, Tianshan's revenue was 39.699 billion yuan, down 25.72%, with a net loss of 3.414 billion yuan. The main reason for the decline in performance was the sharp drop in cement demand and the decline in gross profit margin caused by the price drop exceeding the cost drop.

2024-08-27 11:52:21

Tianshan shares in the evening of August 26th issued 2024 semi-annual report, the company achieved operating income of 39.699 billion yuan in the first half of the year, down 25.72%; net loss of 3.414 billion yuan, profit to loss; basic earnings per share -0.394 yuan.

2024-08-27 09:26:36

On August 10, Ningxia Building Materials announced that it would terminate the exchange of shares to absorb and merge China Construction Information and issue shares to no more than 35 specific investors, including China Building Materials, to raise matching funds. At the end of January this year, the Shanghai Stock Exchange issued an audit decision on terminating the absorption and merger of building materials in Ningxia and the sale of major assets and raising matching funds. However, Ningxia Building Materials failed to fully explain the basis for the absence of significant uncertainty in the collection of accounts receivable of China Construction Information and the related favorable impact of the transaction on the company.

2024-08-16 10:15:40

The real value of an enterprise lies not only in its short-term financial performance, but also in its leadership in the industry and its contribution to the future development of the industry. From this perspective, Conch Group still has a long way to go.

2024-08-06 15:02:54

In the first half of this year, due to the continuous decline in real estate investment, the slowdown in infrastructure investment and the impact of rainy weather, the downstream demand of the cement industry was insufficient, the contradiction between supply and demand intensified, and the sales volume and price of the company's products declined year on year, resulting in a decline in operating income and profits.

2024-07-11 14:22:17

On July 10, Tibet Tianlu issued a performance forecast for the half year of 2024. The company expects that the net profit attributable to shareholders of listed companies in the half year of 2024 will be -99 million yuan to -60 million yuan.

2024-07-10 16:34:45

According to the research and statistics of the People's Bank of China, according to the issuance plans announced by various places, the issuance scale of new local bonds in the third quarter was as high as 1966.9 billion yuan, an increase of 605.3 billion yuan over the same period last year; plus the maturity scale of 1067.6 billion yuan of local bonds, it is expected that in the third quarter

2024-07-10 14:08:28

Big guess, what do you think of the first half performance of Conch Cement?

2024-07-10 09:22:34

Although merger and reorganization is the trend of the times, in practice, due to the existence of various complex factors, it is not easy to advance smoothly.

2024-07-09 15:55:36

It can be seen that the loss of China's building materials in the second quarter has decreased compared with the first quarter.

2024-07-09 13:37:52

In the second quarter, especially since June, the cement market demand is gradually recovering, the cement price in some regions has improved significantly, and the performance of Jidong Cement is expected to be restored with the recovery of the industry.

2024-07-09 11:06:30

Affected by the weak market demand and the sharp drop in the prices of cement and commercial concrete, the gross profit of cement clinker and commercial concrete decreased year on year.

2024-07-08 16:58:52

During the reporting period, the effective market demand was weak as a whole, the price of cement and clinker decreased significantly year-on-year, and the sales volume decreased year-on-year.

2024-07-08 10:08:40

Yatai Group is facing the risk of delisting because its share price falls below 1 yuan. Changchun SASAC designated Changfa Group to increase its holdings by at least 150 million yuan and no more than 300 million yuan to stabilize its share price. The company has accumulated a loss of about 3 billion yuan in 19 years, with an asset-liability ratio of more than 84%, and is under great financial pressure. In addition, shareholder Jinta Investment has promised not to reduce its holdings within 12 months, and the company itself plans to buy back shares. Despite a series of measures, Yatai Group is still in trouble and has been losing money for the past three years.

2024-07-02 16:17:38

The serious decline in demand, coupled with the fierce market competition, the low opening and low going of cement prices, continued to bottom out, and the loss of the industry expanded. The loss of the industry in the first quarter exceeded that of 2016, and the pressure of enterprise operation was unprecedented.

2024-05-31 14:35:19

Affected by insufficient infrastructure support and the continuous downturn of real estate, the demand of cement industry continued to be weak throughout the year. In 2023, the national cement output was 2.023 billion tons, down 5% from the same period last year. Under the influence of the decline in demand, the contradiction of excess capacity was further intensified, the market competition was extremely fierce, the price of cement dropped significantly, the industry profit shrank sharply again, the annual profit dropped by more than 50%, the development of the cement industry entered an unprecedented difficult period, and many companies suffered heavy losses.

2024-05-23 14:01:48

The new material industry focused by China Building Material New Material Fund has a huge market space. It is understood that the total output value of China's new material industry will reach about 7.8 trillion yuan in 2023, and the scale of the industry is expected to reach 10 trillion yuan by 2025.

2024-05-21 09:36:50

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 2023, Shanshui Cement realized business income of 18.116 billion yuan, down 15.69% year on year, and the net profit attributable to shareholders of listed companies was-884 million yuan, down 217.02% year on year.

2024-05-14 09:59:23

If 40% of alternative fuels are used in cement production, about 100,000 tons of carbon dioxide will be saved for every 1 million tons of clinker produced.

2024-05-10 09:27:37

In 2023, Tianrui Cement realized an operating income of 7.889 billion yuan, a year-on-year decrease of 28.64%; the net profit attributable to shareholders of listed companies was -634 million yuan, a year-on-year decrease of 241.27%..

2024-05-07 16:04:50

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

Listed companies in the cement industry have released quarterly performance reports one after another, and most enterprises have suffered large losses..

2024-04-30 11:30:16

In fact, as the largest cement giant in China with complete industrial chain and national layout, the future development of Tianshan shares is also highly expected by the market. After the seasonal factors are gradually cleared, the company's cost reduction and cost control effect will be further transformed into profit momentum, combined with the performance commitment compensation landing, the company may usher in market value revaluation. With the acceleration of the company's internal optimization of quality and efficiency and the transformation of digital intelligence, the release of profit expectations driven by overseas layout and aggregate business, the growth space of Tianshan shares is worth looking forward to by the market.

2024-04-30 11:04:11

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

Tianshan shares on April 30, the first quarter of 2024 results announcement said, the first quarter of 2024 revenue of about 16.351 billion yuan, a decrease of 26.94%; the net profit loss attributable to shareholders of listed companies is about 1.923 billion yuan.

2024-04-30 08:58:35

In the first quarter of 2024, the company's operating income was 3.341 billion yuan, down 35.56% year-on-year; the net profit loss attributable to shareholders of listed companies was 1.099 billion yuan, down 38.68% year-on-year.

2024-04-28 14:26:58

Operating revenue was approximately RMB2.051 billion, representing a decrease of 20.83% as compared with the previous year.

2024-04-26 10:07:55

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.