13766420997

Current situation of steel industry: "three high and three low"! High output, high inventory, high cost! Low price, low demand, low profit!

Release time：

2022-12-31

Investor: How does the company view the loss of most steel enterprises in the industry in the third quarter? Does the company calculate how much the industry concentration will increase, which will help Chinese steel enterprises get reasonable profits in the industry chain? What does the company think of industry merger and reorganization?

Masteel (600808) replied to investors' concerns on the investor relations platform on December 30.
Investor: How does the company view the loss of most steel enterprises in the industry in the third quarter? Does the company calculate how much the industry concentration will increase, which will help Chinese steel enterprises get reasonable profits in the industry chain? What does the company think of industry merger and reorganization?
Director Secretary of Masteel: Dear investors. First, the imbalance between supply and demand in the steel market, the weakness of both domestic and external demand for steel, and the high level of production have led to the prominent contradiction between supply and demand. The steel market is characterized by high output, high inventory, high cost and low price, low demand and low profit. The overall focus of steel price has moved down, which is the main reason for the loss of most steel enterprises in the industry in the third quarter. Second, under the premise of legalization and marketization, giving full play to the leading role of leading enterprises and carrying out the merger and reorganization of the steel industry is an effective means to promote the sustainable, stable and healthy development of the industry and ensure the reasonable benefits of the industry, which can effectively alleviate the homogeneous competition among enterprises and realize the scale and intensification of production capacity. Thank you for your attention.
According to the third quarter report of Masteel in 2022, the company's main revenue was 79.311 billion yuan, down 7.58% year on year; The net profit attributable to the parent company was 664 million yuan, a year-on-year decrease of 89.82%; Deduction of non-net profit of 553 million yuan, down 91.74% year on year; In the third quarter of 2022, the company's main revenue in a single quarter was 22.944 billion yuan, down 20.75% year on year; The net profit attributable to the parent company in a single quarter was - 763 million yuan, down 140.53% year on year; The non-net profit deducted in a single quarter was - 588 million yuan, a year-on-year decrease of 130.39%; The debt ratio is 62.64%, the investment income is 577 million yuan, the financial expenses are 448 million yuan, and the gross profit rate is 7.2%.

key word：

多行文本内容元素

Jiangxi Huaxuan Hardware Tools Co., Ltd

Add：Building 19, Small and Medium-sized Enterprise Incubation Park, Resource Recycling Industry Base, Fengcheng City, Jiangxi Province
Tel：0795-6800666
Phone：13766420997（President Li）
E-mail：sales@huaxuanjs.cn