According to the financial data of the company in the first three quarters, the net profit of Hangxiao steel structure was 360 million, with a decrease of 44%, and the gross profit margin was 13.51%, with a year-on-year decrease of 6.28 percentage points; The gross profit margin of Honglu steel structure was 12.6%, a year-on-year decrease of 0.73 percentage points; The gross profit margin of Fuhuang steel structure was 11.33%, a year-on-year decrease of 1.59 percentage points.

The national development and Reform Commission has increased support for special bonds of local governments.

In early December, the Political Bureau of the CPC Central Committee held a meeting.

With the policy support, the penetration rate of steel structure is expected to increase.

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However, due to the advantages of standardization, industrialization, energy conservation and environmental protection, they are promoted faster in government invested construction projects and public buildings.

The 25-year target penetration rate of precast buildings in Shanghai, Hainan, Beijing, Jiangsu, Sichuan, Hunan, Zhejiang and other provinces exceeds 30% (the planning target value of the Ministry of housing and urban rural development).

The cast industrial chain will benefit from this, and the steel structure deserves attention.

In the early stage of development, precast buildings are faced with problems such as high cost, low consumer acceptance and imperfect industrial supporting facilities.

Precast buildings have the advantages of standardization, industrialization, energy conservation and environmental protection.

5.

2.

The 14th five year plan target of steel structure: by the end of 2025, steel structure buildings will account for more than 15% of the new building area.

The central economic work conference called for moderately advanced infrastructure investment and the organic combination of cross cyclical and counter cyclical macro-control policies.

In October 2021, the notice of the action plan for carbon peak before 2030 issued by the State Council pointed out to promote green low-carbon building materials and green construction methods, accelerate the industrialization of new buildings and promote steel structure housing.

The meeting pointed out that we should “promote the construction of affordable housing, support the commercial housing market and better meet the reasonable housing needs of buyers”.

Lifting Insert

Affordable housing investment is expected to play an important role in the steady growth of next year, the cast industrial chain is expected to benefit, and the steel structure leader deserves attention! 1.

In terms of planning wording, Shanghai proposed to make a breakthrough in the application of cast steel structure in residential buildings, and Hainan, Hebei and Shanghai proposed to give priority to steel structure in public buildings.

Steady growth is expected, and capital investment data are overweight.

With the increase of labor cost in the aging belt, construction industrialization is imperative.

3.

Suggestions: Honglu steel structure and Seiko steel structure.

With regard to the marginal improvement of real estate, the central bank said that it would create a good financing environment for Project M & A in the real estate market and promote the virtuous circle and healthy development of the real estate industry.

In 2022, the steel price went down and the profit of the steel structure company reversed.

Since then, the steel price has fallen to about 4700 yuan / ton.

According to the calculation of Huachuang macro group, it is expected to invest 1.75 million affordable housing units, 130 million square meters and nearly 400-500 billion yuan in construction and installation in 2022.

The demand for steel structure is expected to be further released.

4.

Taking Shanghai H-section steel as an example, the steel price rose to the highest point of 6300 yuan / ton in May 2021, with an increase of more than 47% in the first may.

The decline of steel price in 2022 may boost the profitability of steel structure enterprises.