many traditional cyclical industries such as non-ferrous metals 正气寻妇录txt下载

Cyclical industry three quarter results significantly improve the supply side reform achieved the national investment contest: Irving King peep catch demon shares of Sina Financial App: Live on-line blogger to tutor / reporter Zhang Yujie has announced the three listed companies in 2016 quarterly show, many traditional cyclical industries such as non-ferrous metals, coal, steel, aviation, breeding performance continued to pick up. Some of the industry performance rebound mainly benefited from supply side reform and supply and demand improvement after excess capacity clearing, while some industries benefited from macroeconomic factors, such as exchange rate stability. However, due to some industry performance improvement is the passive adjustment, the growth of energy and sustainability rather than demand driven rise significantly, the first three quarters of profitability, industry capacity re rebound trend, the industry believes that this is the four quarter and the first quarter of next year to bring certain supply pressure. Supply side reform has achieved initial success, Wind data show that the current three quarterly bulletin has been published in 30 steel listed companies, the vast majority of the first three quarters of net profit growth significantly, only 5 net profit lower than the same period last year, 5 still deficit. The shares of Wuhan Iron and steel, Maanshan Iron & steel, Jiuquan Hongxing and many other losses last year over 1 billion yuan of scale steel enterprises, the three quarter of this year were strong losses. The Wuhan Steel shares the first three quarters of this year net profit of 370 million yuan, while last year the scale of losses more than 1 billion yuan; Baosteel shares the first three quarters of this year net profit of 5 billion 598 million yuan, an increase of 148.33%, while the expected annual net profit rose 600% to 800%, while the 2015 net profit of 1 billion 13 million yuan baosteel. Similar to the iron and steel industry, non-ferrous metals, coal and other industries also appear similar industry performance overall warming situation. From the loss of the whole industry in 2015 to the loss of the majority of enterprises this year, the capacity adjustment and supply side reform under the market regulation can be described as the two "push hands"". In 2015, due to serious excess capacity, steel, coal, nonferrous metals and other industries the main products prices "cliff" down. For example, the price of electrolytic aluminum dropped to a historical low point to 9000 yuan per ton, and the decline was comparable to that during the international financial crisis in 2008. However, due to the substantial improvement of supply and demand and the role of destocking, the price of electrolytic aluminum has been rising before September, and the spot price of electrolytic aluminum has risen to about 14000 tons recently. Under the strong price rise, the non-ferrous metal industry has basically turned losses into profits. And the steel and coal industry, which has been upgraded to the national strategic position, has also recovered significantly after a series of resolute production operations. Recently SASAC stakeholders said that in October of this year, steel production capacity has been completed 80%, the central enterprises have completed the task ahead of schedule. But it is worth noting that, because the industry price rise is more passive adjustment results, rather than the active adjustment of demand support, the subsequent excess capacity will be back, it is difficult to judge. Taking the electrolytic aluminum industry as an example, Anteko, a non ferrous metal information organization, believes that the new and restarting industries will be launched in September this year, driven by the rising prices of products

周期性行业三季度业绩显著改善 供给侧改革初见成效 全国投顾大赛:偷看投顾大王捉妖股 新浪财经App:直播上线 博主一对一指导   □本报记者 张玉洁   已经公布的2016年上市公司三季报显示,不少传统周期性行业如有色金属、钢铁、航空、煤炭、养殖等业绩继续回暖。其中部分行业业绩回暖主要受益于供给侧改革推进和过剩产能出清后的供需改善,另有部分行业则是受益于宏观经济要素如汇率等的稳定。不过,由于一些行业业绩好转实属被动调整,其增长动能和可持续性远不如需求推动显著,前三季度盈利能力上升后,行业产能重新出现回升趋势,业内人士认为,这为四季度和明年一季度带来了一定的供应压力。   供给侧改革初见成效   Wind数据显示,目前已经公布三季报的30家钢铁上市公司中,绝大多数前三季度实现净利同比明显增长,仅有5家净利低于去年同期,5家仍然亏损。武钢股份、马钢股份、酒钢宏兴等多家去年同期亏损规模超10亿元的钢企,今年三季度均强势扭亏。其中武钢股份今年前三季度实现净利3.7亿元,而去年同期亏损规模超过10亿元;宝钢股份今年前三季度实现净利55.98亿元,同比增长148.33%,同时预计全年净利同比增长600%至800%,而2015年宝钢股份净利润10.13亿元。   与钢铁行业如出一辙,有色金属、煤炭等行业也出现类似的行业业绩整体转暖局面。从2015年全行业亏损到今年大部分企业顺利扭亏,市场调节下的产能出清与供给侧改革可谓是两大“推手”。   2015年,受产能严重过剩影响,钢铁、煤炭、有色等行业主要产品价格出现“断崖式”下跌。如电解铝价格一度跌至历史次低点至9000元 吨,下跌幅度堪比2008年国际金融危机期间。但受供需关系大幅改善和去库存作用提振,今年前九月电解铝价格一直呈现上涨态势,近期电解铝现货交易价格更升至14000元 吨左右。价格强劲上涨之下,有色金属行业已基本扭亏为盈。而去产能被提升到国家战略地位的钢铁和煤炭行业,经过一系列坚决的去产能行动后,同样复苏明显。近期国资委相关人士表示,今年前十月,钢铁去产能任务已经完成了80%,央企已经提前完成任务。   但值得警惕的是,由于此轮行业价格上涨更多是被动调整的结果,而非需求支撑的主动调整,后续过剩产能是否还会卷土重来,目前还难以判断。以电解铝行业为例,有色金属资讯机构安泰科认为,受产品价格不断上涨驱动,今年9月行业新增、重启产能明显增加,预计今年四季度全国仍有超过220万吨 年的新建及重启产能释放,2017年一季度国内将有超过50万吨 年的新增产能陆续投放,远期电解铝市场供应压力不小。   需求驱动业绩增长   养殖、航空等行业,市场需求仍处于快速增长通道,相关上市公司业绩节节攀升。   受猪肉价格持续高位影响,“二师兄”产业链上公司表现靓丽,不少生猪养殖产业链公司业绩骄人。新五丰三季报显示,公司2016年1-9月实现营业收入11.79亿元,同比增长26.13%;归属于上市公司股东的净利润2.06亿元,同比增长2212.43%。而养殖业行业前三季度平均营收和平均净利润增长率也分别达到40.82%和369.33%。   根据农业部公布今年9月最新生猪存栏数据:生猪存栏3.77亿头,同比下降3.2%,环比增长0.1%;能繁母猪存栏量3710万头,同比下降3.8%,环比下降0.5%。分析人士预测,市场需求增加,并叠加春节节日效应的影响,猪价近期仍将在高位运行。依据农业部数据和市场供求信息,业内预测本轮“猪周期”还将延续至明年上半年。   近年来,受民用航空市场需求持续增长和低油价双重红利,上市航空公司业绩一直表现良好。不过去年三季度以来,人民币兑美元数次贬值对航空公司业绩产生了较大的影响。不过今年三季度,由于汇率较为稳定,加之三季度是传统航空旺季,三大航三季报均显示,业绩环比改善明显。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: