Per reporter Peng Fei
The steel industry, once mired in a spiral of overcapacity, has now entered a period of deep adjustment.
On March 3, the 30 financial report released by this steel plate (SZ000761, stock price 3.89 yuan, market value 159.8 billion yuan) showed that the company achieved operating income of 2022.626 billion yuan during the reporting period, down 17.19% year-on-year; The net profit loss attributable to the parent was 63.12 billion yuan, which turned from profit to loss compared with the same period in 33.
The performance trend of this steel plate also basically reflects the dilemma of the steel industry. In 2022, the operating environment of the steel industry is more severe, downstream demand is less than expected, energy prices are firm, steel prices are falling, the economic benefits of the industry are declining, the global steel market is sluggish, and the benefits of steel companies are declining year-on-year.
The company lost 12.33 billion yuan last year
The era of producing a ton of steel to earn more than 2022,<> yuan in profit has obviously become a thing of the past in the steel industry, and the decline in performance is a common situation for steel companies in <>.
Taking this steel plate as an example, this steel company, which can still achieve a net profit attributable to the parent of 2021.25 billion yuan in 2022, directly changed its face in 12, and the net profit loss attributable to the parent during the reporting period was 33.149 billion yuan, down 31.<>% year-on-year.
From the perspective of output, the steel plate will not change significantly in 2022, and the annual pig iron output will be 1000.3 million tons, an increase of 16,53 tons year-on-year; The output of crude steel was 1055.2 million tons, an increase of 11,4 tons; the output of hot-rolled plate was 1328.74 million tons, an increase of 7,05 tons; the output of cold-rolled plate was 594.8 million tons, and the output of special steel was 44,34 tons.
However, this steel plate mentioned in the performance forecast that since April 2022, the downstream market of the steel industry has been weak and the epidemic has interfered, and the steel industry has faced weakening demand and steel prices continuing to decline. In addition, since 4, the prices of major raw materials such as iron ore, coking coal, coke, alloys, and scrap have risen first and then fallen, and the overall level has been at a high level, which has a great adverse impact on the cost of steel production and pushed up operating costs.
Lange steel data shows that from the ton steel profit data, the overall steel industry ton steel profit in 2022 shows a rapid decline, the annual ton steel profit is only about <> yuan, while the ton steel profit of key steel enterprises can reach about <> yuan.
The reporter of "Daily Economic News" noted that in the pre-disclosure stage of the 2022 annual report of A-share listed companies, news of pre-reduction and loss of steel companies was frequent, and profits of hundreds of millions of yuan were reduced or even losses exceeded one billion yuan.
Steel industry profits fell by 90%.
Statistics from the China Iron and Steel Association show that in 2022, key steel enterprises will achieve operating income of 65875,6.35 billion yuan, down 982.72% year-on-year; The total profit was 27.<> billion yuan, down <>.<>% year-on-year.
Compared with key steel companies, the performance of the whole industry is even more dismal. Data from Lange Steel Research Center shows that 2022 for domestic steel production enterprises, can be described as "thrilling, jumping up and down", from supply shock to demand contraction, from large profits to large losses, from cost reduction and efficiency increase to loss reduction profits, last year the overall steel industry achieved a total profit of 365.5 billion yuan, down 91.3% year-on-year, thus becoming one of the industries with the sharpest decline in profits.
However, this decline also began in the second half of the year. Taking this steel plate as an example, the company can still make a profit of about 2022 million yuan in the first half of 5, but the performance of the third and fourth quarters was 6 million yuan and 8 million yuan respectively, which made the performance of this steel plate finally fall into a loss quagmire. This situation also directly reflects the common experience of steel companies.
According to data from Lange Steel Research Center, in 2022, due to the return of raw material prices to rationality, the production cost of steel has decreased, but because the decline in steel prices is significantly greater than the decline in raw material prices, the profits of steel production enterprises have shown a significant decline, and the total profit of the steel industry in 2022 will be 365.5 billion yuan, down 91.3% year-on-year, of which the profit in the first half of the year was 826.1 billion yuan, and the loss in the second half was 460.6 billion yuan.
"From large profits to large losses, from cost reduction and efficiency increase to loss reduction and profit, from production reduction and loss reduction to structural adjustment, from merger and reorganization to industrial concentration, from life and death to optimistic face, from tactical expansion to strategic adjustment, the deep strategic adjustment of the domestic steel industry has begun." Ge Xin, deputy director of Lange Steel Research Center, told the "Daily Economic News" reporter.
But in Ge Xin's view, losses are not necessarily just bad things for the steel industry: "From the data of national crude steel production and tons of steel profits, steel companies have fallen into a loss situation in high costs and limited rising steel prices, so the operating pressure of steel production enterprises has increased again, thus making the pace of bankruptcy integration and joint restructuring of steel enterprises since this year significantly accelerated." ”