Metal Packaging Indasitiri Inflection Point Yave Kusvika, Indasitiri Purofiti Inotarisirwa Kuenderera Kuchiwana.

Indasitiri yesimbi yekurongedza yakaona kuenderera mberi kwekuwedzera kwehuwandu mumakore mashoma apfuura uye kuderera kwepurofiti. Parizvino, kuda kweindasitiri kuwedzera kugadzirwa kwakaderera zvakanyanya. Nekupedzwa kwekuvakwa kweindasitiri, kukwidziridzwa kwekubatanidzwa uye kubatanidzwa uye kutora kwemakambani anotungamira epamba, uye kudzikira kwemitengo yezvinhu zvakabikwa, purofiti yeindasitiri yekurongedza simbi inotarisirwa kuramba ichipora.

Muhafu yekutanga ya2024, kunyangwe kukura kwemari kwaive kwakashata nekuda kwekusasimba kwevatengi kudiwa, pundutso yakavandudzwa nekuda kwekudonha kwemitengo yezvigadzirwa uye optimization yehukuru dhizaini. Semuenzaniso, gross margin yeAuerijin muhafu yekutanga ya2024 yaive 17.82%, yakakwira 1.88 percent gore negore, kunyanya nekuda kwekuderera kwezvinhu. Avhareji yemutengo wetinplate muhafu yekutanga ya2024 yaive 6,546 yuan/tani, yakadzika 4.7 muzana mapoinzi gore-pa-gore. Mitengo yealuminium yakawirawo kubva pakakwirira ye24,240 yuan / toni muna 2021 kusvika 19,695 yuan / toni musi waSeptember 23, 2024. Nekupedzwa kwekugadzirwa kwehupfumi hwemaindasitiri uye kukurudzirwa kwekubatanidza uye kubatanidzwa kwemakambani makuru, iyo purofiti yeindasitiri yekuisa simbi inotarisirwa kuenderera mberi, iyo indasitiri inotarisirwa kuenderera mberi.

Muna 2023, mabhizinesi ari pamusoro pehukuru hwakatarwa muindasitiri yekurongedza simbi yeChina anowana mari inosvika 150.562 bhiriyoni yeyuan kubva kubhizinesi ravo guru, achiverengera 13% yehuwandu hwehuwandu hwekubuda kweindasitiri yekurongedza, iyo ichiri kuseri kwechikamu chepasi rose che45% -50%. Maviri - uye matatu-zvidimbu zvinwiwa magaba akaverengerwa chikamu chepamusoro. Parizvino, kupihwa uye kudiwa kwezvimedu-matatu makeni zvakaringana. Muna 2022, kubuda kweChina chidimbu chetatu-chinogona indasitiri ichave inosvika 31.05 bhiriyoni makani , uye kudiwa kuchave kunosvika 30.53 bhiriyoni. Nekuda kwehukama hwakasimba hwekubatana pakati pemakambani makuru ezvinwiwa nevashambadziri, iyo inotungamira patani yekurongedza simbi haina kugadzikana. Pasi pemashure ekugadzikana kwevatengi chimiro uye indasitiri maitiro, avhareji ex-fekitari mutengo wematatu-zvimedu anogona mabhizinesi aratidza maitiro ekugadzikana uye kusimuka mumakore achangopfuura.

Kubva pamaonero eindastiri yekurongedza yeUS, kutungamira kukura kwakakurumidza uye pundutso yakavandudzwa mushure mekubatana uye kutora. Sekureva kwaHuafu Securities, muchikamu chekutanga chekubatanidza nguva (1990-2000), Crown yakawana huwandu hwekudya simbi yekurongedza, mapurasitiki ekurongedza zvinangwa; Muchikamu chechipiri chekubatanidza nguva (2000-2016), Boer yakatanga kukurumidza kukurumidza kwekubatana uye kutora, kunyanya kunotarirwa kumakambani emunharaunda ealuminium can . Kukura kwemari yeBoer pagore kwakasvika 6.4 muzana kubva 2016 kusvika 2023, kubva pa4 muzana kare, nepo Crown's 5.5 muzana kubva 2016 kusvika 2023 yakakwira kubva 2 muzana kare. Pamusoro pezvo, vachibatsirwa nekubatanidzwa kwemaindasitiri, nzvimbo yeCrown yekushandisa purofiti yakawedzera kubva pa8% kusvika 10% muchikamu chekutanga chekubatanidza, uye Boer's general operating profit margin center yakawedzera kubva pa6% kusvika 9% muchikamu chechipiri chekubatanidza.

Kunyanya, tora Boer semuenzaniso, gross profit margin uye net profit margin centre ingangoita 20% ne5% zvakateerana mumakore achangopfuura. Muna 2023, Bohr chinwiwa chekurongedza mari ichaita 11.32 bhiriyoni emadhora ekuAmerica, ine gross margin uye net margin ye19.0% uye 5.1% zvakateerana, uye ROE ye19%. Nepo ROE yevatungamiriri vekurongedza simbi yepamba iri pakati pe6% -11%, pane nzvimbo huru yekuvandudza kana ichienzaniswa neBohr.

Huafu Securities akataura kuti mushure mekutenderera kwekutanga kwekubatanidzwa mudzimba kubva 2016 kusvika 2019, vaviri vanogona indasitiri zvishoma nezvishoma vakaumba Baosteel packaging, Auruijin, COfCO packaging, matatu makuru emakwikwi pateni, asi mugove wepakati pakati peumwe neumwe idiki, kana kuenzana kuwanikwa kweCOfCO kurongedza, kujekesa iyo indasitiri inotungamira, kujekesa indasitiri inotungamira, kujekesa indasitiri inotungamira. kuita purofiti kukura. Muna 2023, purofiti yekushanda yemakambani makuru eChina ekurongedza simbi ichave iri pakati pe4% ne7%, yakafanana neyose yekushanda purofiti yemakambani ekunze kusati kwabatanidzwa, nepo mushure mechikamu chekutanga chekubatanidza, purofiti yekushanda kwebhizinesi rekurongedza simbi yemakambani ekunze muna 2004 ichave iri pakati pe9% uye 12% yekubatanidza bhizinesi, mushure mechikamu chechipiri chekushanda kwesimbi. yemakambani ekumhiri kwemakungwa muna 2023 ichave iri pakati pe9% ne17%.Kubva paiyi maonero makore 2025 eindasitiri yekuisa simbi yakazara.