Data | Profits of Cement Exceeded 130 Billion in First Three Quarters. Each Enterprise Earned 47 Mil

Byzengjiaming12

Updated Tue, 03 Dec 2019 09:40:21 GMT

  Since the beginning of this year, the building materials industry has firmly established and practiced the new development concept in accordance with the general policy of "consolidation, enhancement, promotion, smooth " of the Central Economic Work Conference. It also has firmly insisted on the supply-side structural reform and kept the stable production. Therefore, benefits have been further improved; transformation and upgrading have achieved significant results as well as solid development has taken a firm step.

  1.The production and operation have been generally stable.

  From January to September, the added value of the building materials industry increased by 9.0% year-on-year, and the production of major building materials products remained stable. Among them, the national cement output was 1.69 billion tons with a year-on-year increase of 6.9%, and the flat glass output was 34.9 billion kgs with a year-on-year increase of 5.4%. The output of commercial concrete, ceramic tiles, porcelain tiles, sanitary ceramic products and insulating glass increased by 14.9%, 9.5%, 7.0%, 11.4%, and 7.1% respectively year-on-year.

  2.The price level has dropped.

  The ex-factory prices of building materials and non-metallic mineral products continued to decline in the first quarter, and began to stabilize after the second quarter. The ex-factory price index of building materials and non-metallic mineral products in September was 113.2 with a month-on-month increase of 1.27%. Among them, the cement price continued to fall in the first half of the year. After the end of August, it entered the traditional peak season (when prices begin to rebound). In September, the national average price of cement was 439 yuan / ton, which was 13 yuan / ton higher than the same period of the previous year. Compared with the highest price of 449 yuan / ton in January this year, it is 10 yuan / ton lower. It has risen in the third quarter after the price of flat glass fell continuously in the first half of the year. That is, the price in September was 79.7 yuan per weight case with a year-on-year decrease of 1.2%.

  3.Economic benefits have continued to improve.

  From January to September, the building materials industry realized operating income of 3.8 trillion yuan with an increase of 12.6% year-on-year, and the growth rate of 8.1 percentage points was higher than the entire industry. The profit was 323.4 billion yuan with an increase of 12.2% year-on-year; and the sales profit margin was 8.4%, which was 2.5% higher than whole industry . Among them, the operating income of cement was 719.86 billion yuan with an increase of 14.3% year-on-year; the profit was 131.82 billion yuan with an increase of 25.3% year-on-year; the sales profit rate was 18.3% (on average, each cement enterprise above designated size earned 47 million yuan). For flat glass, the year-on-year growth was 9.3% with the profit of 6.75 billion yuan with a year-on-year decrease of 24.8%, and the sales profit margin was 11.2%. The total profit of earth and sand mining, cement products, and building ceramic products increased by 24.9%, 25.5%, and 18.1% year-on-year respectively.

  4.The investment in fixed assets was increased.

  From January to September, the fixed asset investment in the non-metallic mineral products industry increased by 7.1% year-on-year, and the growth rate slightly decreased. From the perspective of investment structure, the new capacity of cement and flat glass has been significantly reduced. The investment in fixed assets in the building materials industry was mainly concentrated on the improvement of process equipment, environmental protection facilities and downstream deep processing.

  5.The export value has kept growing.

  From January to August, the export value of building materials and non-metallic mineral commodities was USD23.83 billion with a year-on-year increase of 7.2%. The average FOB prices of building materials and non-metallic ore commodities increased by 7.5% year-on-year, resulting in the increase in export prices. From January to August, the import value of building materials and non-metallic mineral products was USD15.37 billion with a year-on-year decrease of 2.4%.