Rational Calculation Of Cost And Increase Of Profits

According to figures released by China Iron and Steel Industry Association 1, in the first half of this year, 71 large and medium-sized iron and steel enterprises included in the statistics realized a profit of 101 billion 47 million yuan, an increase of 26.1% over the same period last year.

How do you look at the profit figures of major steel companies in the first half of this year?

　　理性分析利虧

According to Luo Bingsheng, executive vice president of Sinosteel Association, the first 20 enterprises that made the most profits in the first half of the year realized a total profit of 82 billion 100 million yuan, accounting for 81.24% of the total profit. The industry profits were obviously concentrated on the dominant enterprises. On the other hand, 71 large and medium-sized enterprises had 4 households' losses, 2 more than the same period last year, and the deficit expanded.

China Steel Association statistics show that from 1 to June this year, the sales profit of large and medium-sized iron and steel enterprises was 7.61%, 0.95 percentage points lower than that of the same period last year, and the profitability of the main businesses of iron and steel enterprises decreased significantly.

In addition, the reporter learned that, in the first half of this year, the short-term loans of large and medium sized steel enterprises were 367 billion 986 million yuan, an increase of 31.41% over the previous year, and 266 billion 124 million yuan of long-term bank loans, an increase of 38.32% compared with the same period last year. At the end of the first half of the year, the assets and liabilities ratio of enterprises increased by 59.06% percentage points, 1.66 percentage points higher than that of the previous year, and the accounts payable of enterprises increased by 235 billion 885 million yuan, up 44.14% over the same period last year; accounts receivable 67 billion 608 million yuan, an increase of 29.34% over the same period last year.

These circumstances show that the difficulties in capital turnover are increasing, especially in small and medium-sized iron and steel enterprises.

Dan Shanghua, Secretary General of the China Steel Association, revealed that in the first half of this year, large and medium sized iron and steel enterprises increased their export tariffs due to higher cost and a total reduction factor of about 200000000000 yuan. Although iron and steel enterprises have digested about 20 billion yuan in reducing the profit factor by adjusting the product structure, improving the technical and economic indicators, saving energy and reducing consumption, and strengthening management, the main reason is to increase the steel price, increase output and increase investment income, so as to ensure the profit growth.

　　細(xì)算成本增加賬

Analysis of the steel industry released figures can be seen that the steel industry profits continue to maintain the two digit growth at the same time, the steel industry manufacturing costs rise at an alarming rate.

According to Dan Shanghua, Secretary General of the China Steel Association, the cost of iron ore, coal, coke, crude oil and ocean freight increased sharply in the first half of this year, making the cost of steel production skyrocketed.

Preliminary estimates show that manufacturing costs increased by 153 billion yuan from 1 to May, plus the increase in the cost of the period and the increase in export duties and tax rebate rates, amounting to 234 billion yuan.

According to the analysis of China Steel Association's market department, according to the long-term agreement price of iron ore, Brazil rose 65% to 71%, and Australian ore price rose 79.88% to 96.5%, which was implemented in April 1st, and the main influence was reflected in the second half year.

According to the current sea freight Brazil to China 85 US dollars / ton calculation, the average ore landed duty rate of Pakistan mine is about 1300 yuan / ton; Australia ore shipping cost 30 US dollars / ton calculation, Australia ore average landed duty paid price is about 1000 yuan / ton.

In the first half of the year, fuel material prices increased pressure on cost.

The country's impact on the price of crude oil increased by 4 billion yuan in the whole year, the increase in electricity price increased by 6 billion yuan, and the cost of railway pportation increased by 28 billion 800 million yuan.

And the price of crude oil, coal and coke continued to rise in the second half of the year.

In addition, in addition to the increase in the cost of raw materials leading to the increase in manufacturing costs, as well as the increase in labor costs and the rising cost of fixed assets investment, we should also pay attention to the country's expectation of increasing the interest rate of bank loans and the adjustment of tax policies.

These are the factors leading to the rising cost of steel production.

　　需正視不確定因素

According to the statistics of China Steel Association for large and medium-sized iron and steel enterprises, the average procurement cost per ton of coal injection increased by 36.85% in the first half of the year, coking coal increased by 61.63%, metallurgical coke increased by 81.8%, imported ore increased by 53.86%, and domestic ore increased by 95.35%.

In view of the cost increase in iron and steel industry, Zhang Xiaogang, general manager of the iron and Steel Industry Association and the general manager of Anshan Iron and Steel Group, pointed out that the iron and steel enterprises should analyze the possible difficulties and uncertainties in the second half of the year, and promptly adjust the production and operation strategy and formulate measures to deal with the increase in the cost of iron and steel industry at the three four session of the Standing Committee of the Chinese iron and Steel Association.

Zhang Xiaogang believes that we should give full consideration to the impact of the further increase in production costs on the operation of the industry. In the second half of this year, the pressure of coal and oil pportation prices on production costs will become more and more serious. Iron and steel enterprises will reduce the cost of production and reduce the cost of production by reducing the price of steel products.

For the fixed investment growth that has rebounded in the industry, Zhang Xiaogang said that under the complex and severe economic situation, irrational investment, super capacity investment and non main industry investment will increase business risk.

Enterprises should also attach great importance to fund management and effectively control financial risks.

In view of the export of steel products, Zhang Xiaogang said that in the second half of the year, the quantity of steel products exported should be regarded as an important task, especially for a large number of low value-added steel products, which are not only harmful to control costs, but also less conducive to energy saving and emission reduction.