The Report is produced in Chinese only.
鋼鐵業致力於化解產能過剩 近日,中國鋼鐵工業協會召開2015年第三次資訊發佈會傳出資訊,“十三五”期間鋼鐵行業發展目標鎖定:化解產能過剩、進行大型結構性重組、遏制行業無序競爭、加大產品創新、促進綠色發展,以及鼓勵企業走出去。 2015年對鋼鐵行業而言又是困難的一年。上半年,全國粗鋼產量4.1億噸,同比下降1.3%,這是粗鋼產量近20年以來首次下降,此前2013年,粗鋼達到表觀消費峰值,此次產量下滑或預示2014年是我國粗鋼產量峰值年。按照國外經驗,此後粗鋼產量將在峰值附近波動一定時期以後呈現下降趨勢。與此同時,鋼價繼續大跌19.7%,超過去年全年16.2%的降幅。不過,鐵礦石價格降幅卻較小,鋼企主營業務虧損繼續增加。 總體而言,產能過剩短期難以消除。十三五期間通過結構性重組、綠色發展等實質性化解產能過剩、鼓勵走出去增加消費將有助於鋼鐵行業的持續健康發展。其中,具備規模及技術優勢的企業將受惠於此等進程,譬如鞍鋼股份(0347.HK), 作為東北乃至全國的龍頭性企業,儘管仍面臨不利的供需形勢,上半年業績同比下降,但按季環比已呈現改善之勢,預期第二季度稅後淨利約1.36億元,較首季度環比大增616%。 |
|
|
This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.