In the first half of 2022, the net profit of listed companies in the industry generally declined or even lost money. The cement industry has gone through a difficult period. Can the traditional peak season of "Golden September and Silver 10" repair its performance? So today, Bian Xiao is here to sort out the relevant knowledge of the cement industry. Let's have a look!

Institutions gather to investigate regional cement faucets

On August 29th, the records of investor relations activities disclosed by Shangfeng Cement showed that the company accepted the investigation of nearly 100 institutions and individual investors on August 24th, involving fund companies, securities companies and insurance companies.

On August 3 1, Ningxia Building Materials revealed that the company held a performance briefing the day before yesterday, which was investigated by more than ten institutions including Guo Jun Securities, Guohai Securities, Bank of China International Securities, changjiang securities, Morgan Stanley and UBS. On August 26th, Tianshan shares also disclosed that on August 24th, the company was investigated by more than 10 institutions such as CICC, Haitong Securities and Bank of China Securities.

Behind the cluster of investigations, "the demand and cement price prospect in the second half of the year", "the company's plan on" double carbon "and" coal purchase quantity and measures to reduce coal cost "are the topics that institutional investors are most concerned about.

It is reported that since the beginning of this year, due to multiple unfavorable factors such as high coal price, high cost, insufficient investment in infrastructure and real estate projects, and long-term high inventory, the overall output of cement has reached the lowest level in the same period in the past decade, and the benefits of cement enterprises have generally declined. Some enterprises still failed to achieve positive growth in net profit in the case of year-on-year growth in revenue.

The semi-annual report shows that Ningxia Building Materials achieved revenue of 3.487 billion yuan in the first half of the year, a year-on-year increase of 52.56%; However, the company's net profit returned to its mother was 384 million yuan, down 0.70% year-on-year. It is worth noting that the operating cost of Ningxia Building Materials in the first half of the year was 2.857 billion yuan, up 74.4 1% year-on-year.

In this regard, Ningxia Building Materials said that the company accelerated the promotion of smart logistics and transportation business, and the increase in revenue from this business led to a year-on-year increase in revenue. Due to the low gross profit margin of this business and the year-on-year increase in the purchase price of raw coal, the company's profit index decreased during the reporting period.

It is reported that Ningxia Building Materials is the largest cement and commercial concrete manufacturer in Ningxia. At present, the business is mainly distributed in Ningxia, Gansu, Inner Mongolia and other provinces, of which Ningxia cement market accounts for nearly 50%.

"If investment in regional infrastructure projects increases in the second half of the year, market demand will improve year-on-year, and cement prices are expected to rebound." Ningxia Building Materials said frankly when answering questions from investors.

Looking at Shangfeng Cement, the company achieved revenue of 3.545 billion yuan in the first half of the year, down1.37% year-on-year; The net profit of returning to the mother was 707 million yuan, a year-on-year decrease of 29.97%. In the survey, Shangfeng Cement also indicated that in the first half of the year, the sales price of the company's cement products was high before and then low, and the average unit sales price increased by 8.84% year-on-year, but the unit cost of cement products increased by 32. 13% year-on-year, mainly due to the sharp rise in coal prices.

It is reported that Shangfeng Cement has laid out the Yangtze River Economic Belt in Jiangsu, Zhejiang, Anhui and Jiangxi provinces with the East China market as the core, relying on the convenient logistics channel of Yangtze River water transport and stable and high-quality limestone resources.

For the market outlook, Shangfeng Cement said in the survey that the company's main business scale is in the middle and upper reaches of the industry, but it mainly follows the strategy in various regional markets. At present, after the high temperature in East China has gradually subsided, the traditional peak season is coming, and the demand is expected to recover in the second half of the year, which is conducive to the upward trend of the industry.

The peak season is expected to bring about an increase in demand

"In July and August, the demand gradually picked up, but it was still in a weak position due to factors such as high temperature and rainfall; In the second half of the year, cement demand will show a steady upward trend, especially after entering September, which is a traditional peak season. " For the second half of the year, Tianshan shares bluntly stated in the investigation.

The reporter noted that since the middle and late August, cement prices in some areas have been raised. Previously, Chongqing cement price was raised by 60 yuan/ton, and Henan cement price was raised by 30 yuan/ton. Recently, some major manufacturers in Hebei, such as Beijing, Tianjin, Tangshan and Qinhuangdao, have tried again to push up the cement price by about 50-55 yuan/ton; Some major manufacturers in Taiyuan, Yangquan, Datong and other places in Shanxi Province have notified the price increase of 30-50 yuan.

"With the arrival of the peak season in the fourth quarter, I believe that the demand in the cement market will improve." Conch also said at the performance briefing held on August 3 1 that "the cement market demand is expected to achieve positive growth in the second half of the year, and the annual demand decline will be narrowed."

Tianshan Co., Ltd. said that with the recovery of cement demand, it is expected that cement prices will show a steady and rising trend, depending on the degree of demand driven by infrastructure and the relationship between supply and demand in various regions.

In addition, the layout and future planning of cement enterprises in new energy are also the focus of institutional research. Shangfeng Cement revealed that in the first half of the year, it cooperated with Sunshine New Energy to set up a platform company, Shangfeng Sunshine New Energy, which is fully market-oriented and step by step, and jointly invested with industries and businesses around the base to develop micro-grid projects integrating optical storage and charging. In the future, the company will be cultivated into a new sector that extends the industrial chain.

Tianshan shares said that the company implemented photovoltaic power generation and wind power generation projects and biofuel alternative construction according to local conditions, increased the proportion of clean energy, replaced raw materials at low prices, and eased the pressure of rising costs. At present, four photovoltaic power generation projects have been completed and put into operation. In 2022, the company plans to invest in 19 photovoltaic and wind power green energy projects, which are distributed in regional companies such as Henan and Shanghai. The installed capacity is 127MW, and the annual power generation is 15465438 million kwh, reducing CO2 emissions by 2138,000 tons.

What are the leading stocks of cement concept?

China Wu Tie 000927

The main business of China Railway Materials Co., Ltd. is mainly material supply chain management, rail operation and maintenance technical services and engineering construction materials manufacturing and integration services for rail transit industry.

China Nengjian 60 1868

China Energy Construction Co., Ltd. owns a number of China electric power survey and design, engineering construction and equipment manufacturing enterprises. Relying on the strong background of central enterprises and leading business level, it has continuously expanded its business fields, mainly engaged in survey and design consultation, engineering construction, industrial manufacturing, investment and operation, etc. It has a complete industrial chain integrating planning consultation, evaluation, survey and design, engineering construction and management, operation and maintenance, investment and operation, technical services, equipment manufacturing and building materials.

Sinoma International 600970

Sinoma International Engineering Co., Ltd. is a company engaged in engineering construction business, equipment manufacturing business, environmental protection business, production operation management business and other businesses. Its main products or services include manufacturing and sales of mechanical equipment, civil engineering and installation of cement production lines, design and technology transfer.

Yatai Group 60088 1

Jilin Yatai (Group) Co., Ltd. has formed a business development pattern with building materials, real estate, medicine and financial investment as the core, and constantly promoted the transformation and upgrading of industrial structure.

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