宏川智慧(002930.SZ):較大的前期投入等要求構成了石化倉儲行業的行業壁壘
格隆匯7月27日丨宏川智慧(002930.SZ)近期在接待機構投資者調研時表示,公司所處石化倉儲行業准入門檻較高,且受到較強的安全、環保監管,呈現出較為明顯的資源、資質、建設週期壁壘。石化倉儲行業屬於重資產行業,岸線、碼頭等資源是進入行業的重要壁壘,岸線屬於不可再生資源,擁有天然良好條件的岸線資源更加寶貴,企業需經過嚴格的審核且經歷較長時間才能獲得岸線經營和碼頭建設的批准,在當前環保政策趨嚴的情形下,岸線、碼頭更屬稀缺資源。
同時,石化倉儲企業經營所需的土地、岸線、碼頭、倉儲設備設施等生產要素的獲取均需大量的資金支持,從立項到驗收投產所需時間較長,潛在經營者無法立即進入該行業。因此,較大的前期投入、較長的建設週期、較高的運營能力要求構成了石化倉儲行業的行業壁壘。
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