After the daily limit board was closed on January 10, on January 11, Wuhu Conch Profiles And Science Co.Ltd(000619) (000619) closed again, with a closing price of 6.53 yuan. As of the closing, the sealed fund was 43.9769 million yuan, accounting for 1.87% of its circulation market value. According to the after hours dragon and tiger list data, the top five purchases totaled 71.8392 million yuan, accounting for 18.24% of the total transaction amount of the day.
On the same day, the overall performance of building materials stocks was active. According to market analysis, supporting the rise of Wuhu Conch Profiles And Science Co.Ltd(000619) share price was mainly due to the hot stock of Anhui state-owned enterprise reform, state-owned enterprise reform and industrial Internet concept. On the 11th, the concept of Anhui state-owned enterprise reform rose by 0.81%.
However, there is no performance support behind the Wuhu Conch Profiles And Science Co.Ltd(000619) sharp rise.
On January 11, the company released the performance forecast for 2021, which showed that the company's performance changed from profit to loss, and the basic earnings per share loss in the expected period was 0.3889 yuan / share -0.3333 yuan / share; The operating income was 4.75 billion yuan to 5.2 billion yuan; Net profit loss of 120 million yuan to 140 million yuan; The net profit in the same period of last year was RMB 3.894 billion and the net profit in the same period of last year was RMB 3.894 billion, respectively.
Wuhu Conch Profiles And Science Co.Ltd(000619) is the first listed company in China whose main business is plastic profiles. The company is mainly engaged in the production of medium and high-grade plastic profiles, plates, doors and windows. Its main products include plastic steel door and window profiles, color profiles and other decorative profiles.
As for the main reason for the company's operating performance loss in 2021, Wuhu Conch Profiles And Science Co.Ltd(000619) said that in 2021, the company insisted on both quantity and price to achieve a year-on-year increase in product sales revenue. However, due to the sharp rise in the price of PVC, the main raw material, and the historical high level in stages, the product sales price failed to increase synchronously due to market competition. The total amount of non recurring profits and losses of the company is about - 40 million yuan to - 27 million yuan, which is mainly composed of government subsidies, investment income, profits and losses of deferred settlement business of PVC forward contracts, etc.
In the first half of 2021, Wuhu Conch Profiles And Science Co.Ltd(000619) also had the situation of increasing price without increasing profit. In the performance announcement, the company said that the price of PVC, the main raw material, increased significantly compared with the same period last year. Although the product sales price increased significantly, it failed to increase synchronously due to market competition, resulting in losses for the company. During the reporting period, the company achieved an operating revenue of 2.287 billion yuan, a year-on-year increase of 41.52%, and a net profit of -8.1236 million yuan, a year-on-year decrease of 300.29%.
PVC, which has a significant impact on Wuhu Conch Profiles And Science Co.Ltd(000619) performance, will get out of the sharp rise and fall in market prices in 2021.
According to the data of business agency, the average mainstream price of PVC in China was 7320 yuan / ton at the beginning of 2021 and 8410 yuan / ton at the end of 2021, with an increase of 14.89% during the year. The lowest price of the whole year was 6962.5 yuan / ton in January, and the highest price of the whole year was 14525 yuan / ton in October, with an overall increase of 14.89% during the year.
Specifically, after the Spring Festival in 2021, driven by the collective rising bull market of chemical bulk commodities, China's PVC market showed a rapid rise mode. Especially in the second half of the year, the PVC price broke through the 10000 yuan mark, reaching a new high in recent ten years. However, the highlight time was not long, and then the price continued to decline, and the increase was basically spit back. In October 2021, under the influence of macro policies, the coal price fell sharply, and the PVC spot market price quickly fell below 10000 yuan, a decrease of 16.58% in the month. In November, driven by the disk, the futures prices fell continuously, and the spot market fell rapidly to the price level in August. The early increase was basically spit back, with a decrease of 9.32% in the month. In December, the market demand in the off-season gradually weakened, especially in the northern region, the temperature decreased significantly, and the market trading was light, falling 7.68% in the month. During the quarter, it decreased by 33.19%.
According to the analysis, the impact of the off-season demand in January 2022 will continue, downstream users will stop work and take leave one after another, and the market demand will further reduce. However, PVC manufacturers are normal, the situation of oversupply in the market may be prominent, and the PVC market is expected to decline.
(source: Securities Times · e company)
