信義玻璃(00868.HK)料下半年浮法玻璃供求旺盛 全年價格料按年持平
信義玻璃(00868.HK)行政總裁董清世在中期業績電話會議上表示,今年上半年因新型肺炎疫情影響需求,浮法玻璃價格於首季出現斷崖式下跌,但隨著中國在疫情後迅速復工,浮法玻璃價格在5月及6月出現谷底反彈,整個上半年計價格下跌約5%至6%。
他指,房地產建築等復工帶動剛性需求,對今年下半年浮法玻璃的前景感樂觀,料供求會旺盛,全年計價格估計會回升至與去年相約水平,並會相應刺激建築玻璃需求。
汽車玻璃方面,執行董事李聖根稱受惠於持續開發新產品及玻璃型號齊全,以汽車玻璃為主的北美市場上半年收入增長7.3%。雖然仍有25%的加徵關稅,但對集團影響不大,而現時市場需求進入疫情常態化階段,訂單已見回升,集團會因應訂單需求擴展產能。
董清世又提到,為有效控制主要原材料成本及質量,集團計劃進軍砂礦及天然氣等上游市場,其中位於廣西北海的首座矽砂礦場將於年底前開始營運,料今年可為集團內部供應10%的砂料,明年可進一步提升至40%-50%。而砂料估計佔浮法玻璃生產成本約3%-5%,天然氣燃料成本則約佔30%-40%,不過目前天然氣相關發展暫未有實際進展。
另外,首席財務官劉錫源指集團今年上半年資本支出約14億元,全年料為25億元,將用於擴展新生產線等開支。而集團負債比率雖然稍為上升至約30%,但仍為多年低位,財務情況健康。未來負債比率會視乎擴產等計劃相應浮動,並無特定比率目標。
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