Iron and steel enterprises operating environment remains challenging journey is still very difficult | ||
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According to CISA statistics, a quarter of medium-sized steel enterprises realized sales income of 875.85 billion yuan, an increase of 0.94%; realized profits of 20.346 billion yuan, an increase of 30.24%; realized profits of 2.486 billion yuan, up to achieve profitability. Data show that from the iron and steel enterprises to bank loans amounts and maturities, short-term borrowings 907.9 billion yuan, an increase of short-term borrowings 111.3 billion yuan. Long-term loans 386.1 billion yuan, a decrease of long-term loans 3,500,000,000 yuan. Receive payments, accounts receivable, net 120.2 billion yuan, 11.2 billion yuan more than last year. Accounts payable, net 120.2 billion yuan, representing a decrease of 11.2 billion yuan payables. Administrative expenses 28.9 billion yuan, an increase of management costs 30 yuan. Financial expenses 20.3 billion yuan, an increase of financial expenses 1.4 billion. Cost of sales 8.1 billion yuan, an increase of cost of sales 600 million yuan. Some analysts have pointed out that a quarter of the industry, although nearly 25 billion yuan in profits, but the profit margin has dropped to 0.9%. "It should be said, which has a 4.3 trillion of assets in the industry concerned, can be ignored." CISA report in this regard that reduce long-term loans and short-term borrowings increased, indicating mills operate increasingly difficult, had to "feel the burn, Gu eyes "of; accounts receivable increased significantly, indicating that the market is not good," one owes "aspects of bad debts may increase and lead to liquidity problems; management, finance, sales three major cost increases, indicating that as the difficulty of sales and pressure increasing, prompting the corresponding costs increased significantly. Analysts said the economic benefits of the entire steel industry this year over last year, although a significant improvement, "but the trend point of view, minimal profit margin, in March nearing exhaustion, the latter is able to keep profit, no loss or flat, still full of a lot of uncertainty. " March steel industry loss has reached 35%, and there is the potential to expand monthly. Research Center, also said steel prices from the market situation, the asset-liability ratio is generally higher, most of the enterprises operating cash flow is not very good. Steel prices from the first quarter of each cash flow per share, nearly a third of steel prices showed a negative net operating cash flows, some one quarter operating cash flow has been profitable steel prices also remain low even negative, "which shows the current steel enterprises main business is still not optimistic about the situation, some companies product reimbursement efforts need to be improved." Insiders also pointed out that in 2012, although the national steel industry profits of $ 1.6 billion, but if the net investment income and less depreciation, etc., at least a hundred billion yuan in losses. In addition, the report pointed out that from this year, the nation's steel spot prices since February 20 reached high stage, the steel prices after the Spring Festival starts fell sharply, and the record breaking open year low. Currently, nearly five years at the bottom of the forward run and build a stage at the bottom. It is predicted that in April the national iron and steel industry, or relapse into a loss situation, in May the situation or too hard to be optimistic. Analysts believe that in 2013 the country's iron and steel enterprises operating environment remains challenging, the journey is still very difficult. Her analysis, on the one hand, as part of the enterprise product inventory pressure, on the other hand the past few years the main business of steel prices generally poor performance (loss of business more). "From the current situation, the entire steel industry, steel prices are still facing tough operating environment is expected in the second quarter performance of listed steel enterprises can hardly be optimistic." China Hardware Network is worth mentioning that China Steel Association data a quarter of the main indicators show that the inclusion of financial statistics CISA national 86 key steel enterprises, the cumulative amount of inventories 583.1 billion yuan, an increase of 10.2 billion yuan inventories. Among them, the finished goods inventory 186.8 billion yuan, an increase of 8.5%, increase inventory 14.6 billion yuan. |
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