In the first half of the steel industry, the net profit of more than 80 % of the steel in the steel industry fell

31Aug

Our reporter Ma Yuwei, a trainee, Liu Zhao, as of August 30, 52 listed companies in the steel industry were disclosed in the 2022 semi -annual report. Due to the dual pressure of the new crown epidemic prevention and control and the severe situation of the steel market, the steel industry has entered a weak cycle, showing high costs, weakened demand, and declined in profit. Data from Oriental Fortune Choice shows that nearly 50 % of the above 52 listed companies have decreased year -on -year, and more than 80 % of the company's net profit has decreased year -on -year. In the first half of the year, most steel companies overcome multiple pressures and challenges, and made positive contributions to the overall smoothness of the upstream and downstream industrial chains. In the second half of the year, with the improvement of the epidemic, the supply of raw materials such as iron ore, coal coke, scrap steel and other raw materials has gradually improved, and the cost pressure of steel companies will gradually alleviate, and the profit center of steel companies is still expected to recover again. Data from the National Bureau of Statistics of Most Steel Enterprises Show that in the first half of 2022, black metal smelting and extension industries achieved operating income of 4575.97 billion yuan, a year -on -year decrease of 3.6%; operating costs were 4332.65 billion yuan, a year -on -year increase of 0.7%; total profit was 826.1 826.1 100 million yuan, a year -on -year decrease of 68.7%. Specifically, in the first half of 2022, the output of raw iron and crude steel in the country was 438.927 million tons and 526.877 million tons, a year -on -year decrease of 4.7%and 6.5%, respectively. In the first half of 2022, a total of 33.46 million tons of steel was exported nationwide, a year -on -year decrease of 10.5%; the cumulative imported steel was 5.77 million tons, a year -on -year decrease of 21.5%. In the first half of this year, the above 52 companies realized operating income of 1.23 trillion yuan, a decrease of 0.19%from the same period last year; the net profit attributable to the mother was 39.623 billion yuan, a decrease of 51.46%from 81.623 billion yuan last year. Seven companies including Liu Steel, Anyang Iron and Steel, Xining Steel, Bayi Steel, and other 7 companies returned to their mother's net profit. Among them, the net profit of Xining Special Steel fell by 329.59%year -on -year; Anyang Iron and Steel, Liu Steel, Daye, Bayi Iron and Steel, and Jiu Steel Hongxing's net profit decreased by more than 100%year -on -year. As the leader of the steel industry, Baosteel Co., Ltd. achieved operating income of 183.655 billion yuan in the first half of the year, a slight increase of 0.2%year -on -year; the net profit attributable to mothers was 7.791 billion yuan, a year -on -year decrease of 48.4%. "Affected by the new crown epidemic, the demand for downstream industries such as automobiles and construction machinery in the first half of the year generally declined. In the second quarter, steel prices declined. . "Baosteel said. "Domestic steel companies have poor performance in the first half of the year. The main reason is that the profit of finished steels caused by the imbalance of supply and demand has dropped significantly." Wang Xuanyue, a researcher at Shanghai Steel Lianxian Steel Division, said in an interview with the Securities Daily that the overall steel demand this year is the demand for the overall steel material. The decrease is more. Although the domestic steel production has also been reduced in the same period, the supply pressure decreases is not as low as demand atrophy, and the profit of tons of steel under the excessive pattern is gradually declined. "In the case of a decline in steel prices, the profit margins obtained by steel companies have greatly reduced, which directly affects the performance level of steel companies." Said Ye Yindan, a researcher at the Bank of China Research Institute. In the second half of the year, the performance is expected to recover from the downturn in the industry. Most steel companies have a bad performance, but some companies also virtue of their dual or multi -main business offset the losses brought by the market's weakness. For example, Yongxing Materials achieved a net profit of 2.263 billion yuan in the first half of the year, an increase of 647.64%year -on -year. Yongxing Materials stated that the company has deeply implemented the development strategy of the "lithium battery new energy+special steel new materials", which has greatly improved profitability and its performance has reached a new level. Although the net profit of the company's special steel new materials business declined year -on -year, thanks to the good economic downturn in the lithium battery new energy business in the first half of the year, the profitability has increased significantly. In addition, Ordos has also extensively deployed clothing and electricity and metallurgy chemicals. With the overall downturn of the steel industry, its performance has maintained a high -speed growth. From the perspective of the classification of the steel industry, listed steel companies are generally divided into three categories: Pu Steel Enterprise, Special Steel Enterprise, and Steel Steel Raw Materials Enterprises. "Securities Daily" reporter combed and found that special steel production enterprises in the first half of the year are generally better than other types of enterprises. Changbao Co., Ltd. is mainly engaged in the development, production and sales of special -purpose pipes such as oil and gas opening, power stations, construction machinery and petrochemical pipes, and other special market pipes. In the first half of this year, the company achieved net profit of 180 million yuan in net profit, an increase of 83.43%year -on -year. The company said that in the first half of the year, the production capacity of new projects and the market demand of the oil and gas industry recovered, the company's production and sales remained increased, and the profit capacity of the product increased. In addition, Shengdexintai and Jiu Li Cai are also the same type of steel companies. "At present, the production and operation of the steel industry have occurred in staged difficulties. Enterprises should start from the supply side, adapt to the current demand situation changes, restore the dynamic balance of supply and demand through self -discipline, stabilize reasonable prices, and improve development benefits." Develop quality and efficiency, strictly implement the policy replacement policy; the second is to take the initiative to control the rhythm of production out of the short -term dilemma, adhere to the "three" industry bottom lines that do not produce without order, do not sell, do not pay, do not pay. Competitive quagmire; Third, by adjusting the product structure, promoting process equipment upgrades, and digitalization, networking and intelligentization of the steel industry chain to solve the problem of transformation.

Wang Xuanyue said that the current domestic steel market is at an important turning point in the development of the industry. In the face of the current status of the industry with limited demand and sufficient capacity, the first priority of domestic steel companies is to seek stable survival at the time of turning, and focus on achieving cost reduction and additional increases. Effects, product structure adjustment, environmental protection and technological improvement; strong listed steel companies also need to be forward -looking, and the business actions such as acquisitions and acquisitions need to be clearly pointed to the product line supplement with good quality assets and prospects, consolidating their own strength, opening up overseas overseas, overseas overseas market. "Although the economic benefits of the steel industry have fallen significantly in the first half of the year, the overall assets of the industry are still at a relatively good level, the corporate asset -liability ratio has decreased year -on -year, and the liability structure continues to optimize. With the implementation of self -discipline production and the implementation of the output policy, the industry The profitability will improve, and it is expected that the performance of steel companies in the second half of the year is expected to recover. "Ye Yindan said. Recommended reading

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Picture ｜ Bag Picture Network Station Cool Hero Production | Liu Zhizhi

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