耐火材料公司需求不足產能過剩矛盾難解 The contradiction between insufficient demand and excess capacity of refractory companies is difficult to resolve

http://www.chinaqdzhenhua.com  據中國證券報記者統計，去年6家耐火材料上市公司凈利潤合計為36873.39萬元，同比減少28.58。而已經公布一季報的5家公司凈利潤合計同比下滑20.54。 業內人士表示，相關政策的出臺將有利于耐火材料行業落后產能的退出，改善行業無序發展的現狀，濮耐股份、金磊股份、北京利爾、瑞泰科技等技術領先、產業鏈完整的龍頭上市公司將受益。但需求不足和產能過剩的矛盾短期難以消除，行業基本面仍不樂觀。 利潤下滑應收賬款增加數據顯示，這6家公司去年凈利潤都出現下滑。其中，瑞泰科技凈利潤同比下滑最大，達到93.93，金磊股份同比下滑45.28。 中國耐火材料協會對52家生產企業的調研也顯示，2012年銷售收入同比降低4.29，利潤同比降低21.4。 對于凈利潤下滑，6家公司給出的理由基本一致。2012年全球經濟復蘇緩慢，下游行業持續低迷，需求不足；行業內競爭加劇，導致部分耐火材料產品銷售價格下降。

http://www.chinaqdzhenhua.com According to statistics from the China Securities Journal, the total net profit of the six refractory listed companies last year was 36,873,390 yuan, a year-on-year decrease of 28.58. The net profit of the five companies that have already announced a quarterly report has fallen by 20.54 year-on-year. According to industry insiders, the introduction of relevant policies will facilitate the withdrawal of backward production capacity in the refractory industry and improve the current situation of disorderly development in the industry. Leading technologies such as Benaite, Jinlei, Beijing Lier, Ruitai Technology and complete industry chains Listed companies will benefit. However, the contradiction between insufficient demand and excess capacity is difficult to eliminate in the short term, and the fundamentals of the industry are still not optimistic. Falling profits Receivables increase data show that the six companies' net profit declined last year. Among them, Ruitai Technology's net profit fell the most year-on-year, reaching 93.93, and Jinlei's shares fell 45.28 year-on-year. China Refractories Association survey of 52 manufacturers also showed that sales revenue in 2012 decreased by 4.29 year-on-year, and profits decreased by 21.4 year-on-year. For the decline in net profit, the reasons given by the six companies are basically the same. In 2012, the global economic recovery was slow, downstream industries continued to be sluggish, and demand was inadequate. Intensified competition in the industry led to a decline in sales prices of some refractory products.