Cisa statistics show that the first 7 months of the year 86 iron and steel enterprises achieved a profit SCH40 large diameter LSAW steel pipe of RMB 4.9 billion nationwide, an increase of 4.6 billion yuan over last year. By steel prices rebounded in July, 86 key statistics of the iron and steel enterprises to profit, when monthly profit of 2.3 billion yuan, sales income margin of 0.77%, to its highest since this year.But overall, in the first half of this year the business situation of China's steel industry is still weak. Cisa's statistics show that in the first half of the iron and steel industry average profit rate is only 0.13%, the lowest level in the industry, profits of per ton steel once only 0.43 yuan.
Under the background of the overall 5D induction bends 90 degree downturn, many center daily news listed steel companies are showing signs of improvement. Wind, 33 listed steel companies announced the cumulative net profit of 3.818 billion yuan, 2.726 billion yuan from last year's growth of 40%. 19 companies net profit year-on-year, accounted for 57.58%, 11 losses. Although the situation is still not very optimistic, but from the point of performance, there have been some recovery.
Wuhan in the first half of the profit of 460 million yuan, up 241% from a year earlier. Anshan iron and steel in the first half of the profit of 702 million yuan, the loss of 1.976 billion yuan over the same period last year. Masteel although the loss of 333 million yuan, ANSI B16.9 A234 WPB 180 Deg Elbow but compared to the same loss-mitigation 1.56 billion yuan.
Steel mills profit growth and a sharp loss-mitigation, last year from a lower base or a decrease in the prices of the raw material. But can also be found from the center daily news, in which government subsidies play an important role. The personage inside course of study says, relying on government blood transfusion has become many steel mills loss-mitigation even posted a profit.
Shares in wisco as an example, the company in the first half of the business income is 44.398 billion yuan, fell 2.01% year on year; But belonging to shareholders of listed companies net profit of 461 million yuan, up 241.32% from a year earlier. It is worth noting that wisco shares in the first half of the non-operating income is 46.397 million yuan, Carbon Steel Slip On Raised Face Flange of which the government subsidies totaling 42.534 million yuan.
The phenomenon of government subsidies to modify performance is not alone. In the first half of this year, in addition to wisco, LingGang stake, shaw descibes structure, and other enterprises are supported by the local government subsidies of different level.
The first implementation of the interim, LingGang shares revenue was 7.33 billion yuan, up 10.96% from a year earlier, the net profit of 36.9273 million yuan, up 115.92% from a year earlier, a profit. The loss of 232 million yuan over the same period of last year, a magic weapon turnround from government subsidies. LingGang shares in the first half of the total gain huge subsidies of 380 million yuan of local government. Besides, first-half net profit attributable to shareholders of listed companies is 7.39 million yuan of hangxiao, also in the first half of this year received a government subsidy of up to 3.02 million yuan.
In recent three years, the steel industry net profit decline year by year, iron and steel enterprises receive government subsidies amount is increasing year by year. Statistics show that Shanghai and shenzhen two city 35 steel mills in 2010, 2011 and 2012, respectively, received government subsidies of 1.343 billion yuan, 3.057 billion yuan, 6.146 billion yuan.
The personage inside course of study says, the current steel industry profit margin is so low, is mainly a lot is inherently loss-making enterprises, under the government subsidies to support, to continue the act of selling goods below cost, distorting the market order. Individual companies, irrespective of the market rule of dead support for the whole industry with swallowing.
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