Te whakataurite i ngā pūrongo pūtea a ngā kamupene pepa nui e toru: Kei te haere mai te pūwāhi hurihanga o te mahi i te tau 2023?
Aratohu: I tēnei wā, kua uru te utu o te penupenu rakau ki tētahi huringa heke, ā, e matapaetia ana ka pai ake te hekenga o te hua me te mahi i puta mai i te utu nui o mua.
Ka eke a Zhongshun Jierou ki te 8.57 piriona yuan i te tau 2022, he hekenga tau-ki-te-tau o te 6.34%; ko te hua kupenga e pā ana ki ngā kaipupuri hea o ngā kamupene kua whakarārangihia he tata ki te 350 miriona yuan, he hekenga tau-ki-te-tau o te 39.77%.
Ka whiwhi a Vinda International i te moni whiwhi whakahaere o te HK$19.418 piriona i te tau 2022, he pikinga tau-ki-te-tau o te 3.97%; ko te hua kupenga e pā ana ki te kamupene matua o te HK$706 miriona, he hekenga tau-ki-te-tau o te 56.91%.
Mō ngā take i heke ai te mahi, i kī a Vinda International, hei tāpiritanga ki te pānga o te mate urutā i te tau 2022, ka pā kino te pikinga tonu o ngā utu rauemi mata ki te mahi a te kamupene.
Ka eke a Hengan International ki te 22.616 piriona yuan i te tau 2022, he pikinga ā-tau o te 8.8%; ko te hua e pā ana ki ngā kaipupuri hea o te kamupene ko te 1.925 piriona yuan, he hekenga ā-tau o te 41.2%.
pouaka pihikete
Mai i te tirohanga o te ōwehenga moni whiwhi, ko te pakihi tauera pepa te pakihi matua o Hengan International. I te tau 2022, ka tino pai te mahi a tēnei pakihi o Hengan International. I te tau 2022, ka piki ake te moni whiwhi hoko o te pakihi tauera pepa a Hengan International mā te 24.4% ki te 12.248 piriona yuan, e 54.16% o te moni whiwhi katoa a te rōpū; he 9.842 piriona yuan i te wā kotahi o te tau kua hipa, e 47.34%.
E ai ki ngā pūrongo ā-tau mō te tau 2022 i whakapuakina e ngā kamupene pepa e toru, ko te take nui o te hekenga o te mahi ko te pikinga nui o ngā utu o ngā rauemi mata.
E whakaatu ana ngā raraunga aroturuki a SunSirs, mai i te tau 2022, kua piki haere ngā utu tūnga mō te penupenu rakau ngohengohe me te penupenu rakau mārō, arā, ngā rauemi mata mō te penupenu rakau. I piki te utu mākete toharite mō te penupenu rakau ngohengohe i Shandong ki te 7750 yuan/tana, ā, i piki te penupenu rakau mārō ki te 6700 yuan/tana tana.
I raro i te pēhanga o te pikinga tere o ngā utu o ngā rauemi mata, kua heke hoki te mahi a ngā kamupene pepa nui, ā, kei te aro tonu te umanga ki ngā wero nui.
01. He uaua te whakatika i te pikinga o ngā rauemi mata i te pikinga o te utu
Ko ngā rauemi mata e whakamahia ana i roto i te tukanga whakaputa pepa kiko ko te penupenu, ngā tāpiringa matū me ngā rauemi takai. I roto i ēnei, ko te penupenu te 50%-70% o te utu whakaputa, ā, ko te umanga hanga penupenu te umanga matua me te mea nui rawa atu o te umanga pepa kāinga. Hei rauemi mata nui o te ao, he nui te pānga o te huringa ōhanga o te ao ki te utu o te penupenu, ā, ko te piki me te heke o te utu penupenu ka pā ki te taumata hua katoa o ngā hua pepa kāinga.
Mai i Noema 2020, kei te piki tonu ngā utu o te penupenu. I te mutunga o te tau 2021, i noho te utu o te penupenu ki te 5,500-6,000 yuan/tana, ā, i te mutunga o te tau 2022, kua piki ake ki te 7,400-7,800 yuan/tana.
Hei whakatau i te pikinga o ngā utu o ngā rauemi mata, i te tīmatanga o Tīhema 2020, ka tīmata ngā kamupene pepa kāinga puta noa i te motu ki te whakapiki i ngā utu tetahi i muri i tetahi. I te 31 o Tīhema 2020, i te haurua tuarua o te tau 2020, kua eke te pikinga o te pepa kua oti ki te 800-1,000 yuan/tana, ā, kua piki te utu o waho o te wheketere mai i te iti rawa o te 5,500-5,700 yuan/tana ki te tata ki te 7,000 yuan/tana. , kua eke te utu o waho o te wheketere o Xinxiangyin ki te 12,500 yuan/tana.
I te tīmatanga o Paenga-whāwhā 2021, i haere tonu ngā kamupene pēnei i a Zhongshun Cleanroom me Vinda International ki te whakapiki i ngā utu.
tiakarete pouaka
I roto i te reta pikinga utu i taua wā, i kī a Zhongshun Jierou kei te piki haere tonu ngā utu o ngā rauemi mata, ā, kei te piki haere tonu ngā utu whakaputa me ngā utu whakahaere a te kamupene. I kī anō a Vinda International (Beijing) nā te pikinga tonu o ngā utu rauemi mata, kua piki tere ngā utu whakaputa, ā, kei te whakamahere ia ki te whakatikatika i ngā utu mō ētahi hua waitohu Vinda mai i te 1 o Paenga-whāwhā.
I muri mai, i te hauwhā tuatahi o te tau 2022, ka tīmata anō a Zhongshun Jierou ki te whakapiki i ngā utu, ā, ka neke haere i roto i ngā wāhanga. I te hauwhā tuatoru o te tau 2022, kua whakapiki ake a Zhongshun Jierou i ngā utu o te nuinga o āna hua.
Heoi, kāore te pikinga tonu o ngā utu o ngā kamupene pepa i arahi ki te pikinga nui o te mahi a te kamupene. Engari, i heke te mahi a te kamupene nā te pikinga o ngā utu.
pihikete pouaka keke
Mai i te tau 2020 ki te tau 2022, ko te moni whiwhi a Zhongshun Jierou ka eke ki te 7.824 piriona yuan, 9.15 piriona yuan, me te 8.57 piriona yuan, ia, me ngā hua kupenga o te 906 miriona yuan, 581 miriona yuan, me te 349 miriona yuan, me ngā tawhē hua whānui o te 41.32% me te 3.592 piriona yuan ia. %, 31.96%, me ngā reiti huamoni kupenga ko te 11.58%, 6.35%, me te 4.07%.
Ko te moni whiwhi a Vinda International mai i te tau 2020 ki te 2022 ko te 13.897 piriona yuan, 15.269 piriona yuan, me te 17.345 piriona yuan, me ngā hua kupenga o te 1.578 piriona yuan, 1.34 piriona yuan, me te 631 miriona yuan. 28.24%, ā, ko ngā reiti huamoni kupenga ko te 11.35%, 8.77%, me te 3.64%.
Mai i te tau 2020 ki te tau 2022, ko te moni whiwhi a Hengan International ka eke ki te 22.374 piriona yuan, 20.79 piriona yuan, me te 22.616 piriona yuan, ā, ko te pakihi kiko ka eke ki te 46.41%, 47.34%, me te 54.16%; ko te hua kupenga ka eke ki te 4.608 piriona yuan me te 3.29 piriona yuan, 1.949 piriona yuan; ko ngā tawhē hua whānui he 42.26%, 37.38%, me te 34%, ā, ko ngā tawhē hua kupenga he 20.6%, 15.83%, me te 8.62%.
I ngā tau e toru kua pahure ake nei, ahakoa kei te piki tonu ngā utu o ngā kamupene pepa nui e toru mō ngā whare, he uaua tonu te whakakore i ngā utu e piki haere ana, ā, kei te heke tonu te mahi me te hua o te kamupene.
pouaka reka o ia marama
02. Tērā pea ka tata mai te pūwāhi hurihanga o te mahi
I te 19 o Paenga-whāwhā, i tukuna e Zhongshun Jierou tana pūrongo hauwhā tuatahi mō te tau 2023. E whakaatu ana te pānuitanga i te hauwhā tuatahi o te tau 2023, ko te moni whiwhi whakahaere a te kamupene he 2.061 piriona yuan, he pikinga tau-ki-te-tau o te 9.35%; ko te hua kupenga e pā ana ki ngā kaipupuri hea o ngā kamupene kua rārangihia he 89.44 miriona yuan, he hekenga tau-ki-te-tau o te 32.93%.
Mai i te tirohanga o te hauwhā tuatahi o te tau 2023, kāore te mahi a te kamupene i huri ke.
Heoi, i runga i te ia o te utu o te penupenu, kei reira ngā tohu o te hihiri. E ai ki ngā raraunga tonu o te kaha matua o te penupenu, i piki tonu te kaha matua o te penupenu mai i te 4252 yuan/tana i te 3 o Pēpuere, 2020 ki te 7652 yuan/tana i te 1 o Poutū-te-rangi, 2022. I muri i tērā, i paku whakarerekē, engari i noho tonu ki te 6700 yuan/tana. I te 12 o Tīhema, 2022, i piki tonu te kaha matua o te penupenu ki te 7452 yuan/tana, kātahi ka heke tonu. I te 23 o Paenga-whāwhā, 2023, i piki tonu te kaha matua o te penupenu ki te 5208 yuan/tana, kua heke iho mā te 30.11% mai i te taumata tiketike o mua.
Ki te mau tonu te utu o te penupenu ki tēnei taumata i te tau 2023, ka tata rite tonu ki te haurua tuatahi o te tau 2019.
I te haurua tuatahi o te tau 2019, ko te reiti hua moni katoa o Zhongshun Jierou he 36.69%, ā, ko te reiti hua kupenga he 8.66%; ko te reiti hua moni katoa o Vinda International he 27.38%, ā, ko te reiti hua kupenga he 4.35%; ko te reiti hua moni katoa o Hengan International he 37.04%, ā, ko te reiti hua kupenga he 17.67%. Mai i tēnei tirohanga, ki te pupurihia te utu penupenu ki te 5,208 yuan/tana i te tau 2023, e matapaetia ana ka piki ake te reiti huamoni kupenga o ngā kamupene pepa whare nui e toru, ā, ka puta hoki he huringa i roto i tā rātou mahi.
E matapaetia ana e CITIC Securities, i roto i te huringa heke o ngā utu penupenu mai i te tau 2019 ki te tau 2020, ko ngā utu o waho mō te penupenu rakau ngohengohe/penu rakau mārō ka iti iho i te US$570/450/tana. Mai i te tau 2019 ki te tau 2020 me te haurua tuatahi o te tau 2021, ko Vinda International'Ko te tawhē hua kupenga a Zhongshun Jierou he 7.1%, 11.4%, 10.6%, ko te reiti huamoni kupenga o Zhongshun Jierou he 9.1%, 11.6%, 9.6% ia, ā, ko te reiti huamoni whakahaere o te pakihi kiko Hengan International he 7.3%, 10.0%, 8.9%.
I te hauwhā tuawhā o te tau 2022, ko ngā tawhē hua kupenga o Vinda International me Zhongshun Jierou ka 0.4% me te 3.1% ia. I te haurua tuatahi o te tau 2022, ko te tawhē hua whakahaere o te pakihi tauera pepa a Hengan International ka -2.6%. Ka arotahi ngā umanga ki te whakahoki mai i te hua, e tumanakohia ana kia whakahaerehia ngā mahi whakatairanga hoko i roto i tētahi awhe, ā, he pumau ngā utu o te taunga..pouaka reka o ia marama
I runga i te whakaaro ki te whakataetae (ko te kaha whakaputa hou o te pepa kiko i te tau 2020/2021 he 1.89/2.33 miriona tana) me te rautaki utu matua, e matapaetia ana e CITIC Securities ka hoki mai te reiti hua kupenga o te pepa kiko matua i tēnei huringa o te huringa whakaheke utu penupenu ki te 8%-10% %.
I tēnei wā, kua uru ngā utu o te penupenu ki tētahi huringa heke. I raro i tēnei horopaki, e matapaetia ana ka puta he huringa mahi i waenga i ngā kamupene pepa whare.
Wā tuku: Mei-15-2023
