Lose money! Each cement group has achieved the “worst” score!
Recently, more than ten cement listed companies have released their first quarter performance reports, and the vast majority of companies have experienced performance declines or losses despite both volume and price declines.
Starting from the second quarter, the weather will significantly improve and the market will develop in a positive direction.
Data source: Dongfang Wealth’s profit of Conch Cement has decreased by 48.2% due to the decrease in cement prices, according to a person related to Conch Cement, “In the past few years, the cement price has been set high, whether in collaboration or off peak production, and the company has lost a lot of market share in the past two years.
Guangdong Tabai Group Co., Ltd.
The overall coal prices in the first quarter of this year continued to last year’s high, with a slight increase compared to the same period in 2022.
From the market along the Yangtze River in Anhui, the factory price of 42.5 cement for Conch Cement in late March and early April is less than 400 yuan/ton.
The net profit attributable to shareholders of the parent company of Huaxin Cement decreased by 63.09% mainly due to the impact of market demand, resulting in a decrease in the volume and price of the main product cement; The increase of 40.27% in accounts receivable is mainly due to the impact of seasonal sales.
Therefore, we must maintain a reasonable market share to improve efficiency on this basis.
clinker prices The grid is relatively low.
The sales volume of Tabai Cement has increased, costs have decreased, and revenue and net profit have both increased.
The main reason for the 112.07% decrease in other comprehensive income is the depreciation of the currency of overseas subsidiaries relative to the Chinese yuan; The main reason for the 49.22% increase in research and development expenses is the increase in environmental protection, new material research and development projects, and research and development investment; The main reason for the increase of 685.08% in non operating income is the increase in proceeds from the disposal of carbon emissions rights.
The market in the first quarter was at a low ebb, especially in January, which continued the impact of the changes in the environment at the end of last year.
mentioned in its first quarter report of 2023 that in January to March 2023, the company achieved cement production of 3.7158 million tons, a decrease of 4.93% compared to the same period last year; Realized cement sales of 3.7659 million tons, an increase of 8.07% compared to the same period last year
.
But after late March, due to widespread overcast and rainy weather, it directly affected the rebound strength.
The disposal income of carbon emission rights increased, and the non operating income of Huaxin Cement increased by 685.08%.
After the Spring Festival, as demand for real estate and infrastructure gradually recovered, prices began to rebound.
At present, the company is firmly committed to market-oriented operation, because market share is the basis for profitability.
But compared to the end of 2022, it showed a downward trend and gradually declined throughout the first quarter.