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潤泥料下半年水泥價回升 @ 2012-03-06T11: Back Hot News
Keyword:華潤水泥
Concept:
華潤水泥執行董事兼首席財務官劉忠國於業績發布會上表示,截至2011年年底,公司淨負債率為91.3%,如果年內沒有新的收購項目,預計今年年底的淨負債率將降至80%。
華潤水泥指,今年首兩個月的水泥價格,在個別地區有所下跌,不過就預期,全年水泥價格會有上升的空間。
中金公司表示,2-3 月水泥市場需求低於預期,一季度業績增長面臨壓力。預計海螺水泥、祁連山、賽馬實業等一季度業績同比下降幅度 30%左右,由於 2-3月市場需求進一步低於預期,今年量增比較大的中國建材、華潤水泥和冀東水泥一季度業績能否實現增長存在不確定性。今年上半年是本輪周期性底部,預計從下半年開始,盈利能力將回升。
預計一季度業績增長將分化。從各個區域的價格來看,一季度噸毛利同比下降較多的區域將為安徽、甘寧青渝等地,因此,海螺水泥、祁連山、賽馬實業等在這些區域覆蓋面較大的企業一季度業績同比下降壓力較大,預計下降幅度20-30%。預計一季度仍將實現淨利潤增長的公司是中國建材、華潤水泥、冀東水泥、天山股份和青松建化,這些公司實現增長主要依靠量增。今年一季度將是本輪周期性底部,預計從二季度旺季開始,盈利能力將從周期性底部回升。

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