推薦產(chǎn)品
3-(4-chlorophenyl)-4-phenyl-4,5-dihydro-1H-pyrazole 2-(chloromethyl)-3-methylpyridinehydrochloride 1-(2-bromo-4-methylphenyl)ethanone 3-chloroisoquinoline-4-carbonitrile 5,8-dichloropyrido[3,2-d]pyridazine 2-bromomalononitrile 2-(4-(bromomethyl)phenyl)benzo[d]thiazole 1-(bromomethyl)-3-methoxy-2-nitrobenzene 6-bromo-1H-[1,2,3]triazolo[4,5-b]pyridine 4-iodo-2-((trimethylsilyloxy)methyl)thiazole 6-iodoimidazo[1,2-a]pyridine-3-carbonitrile 2-(4-chlorophenyl)-2-morpholinoacetonitrile 4-chloro-7H-pyrrolo[2,3-d]pyrimidine 4-chloroisothiazole 5-bromo-6-chloro-1H-indole 7-chloro-3H-imidazo[4,5-b]pyridine ethyl3-(4-formylphenyl)propanoate 2,3-dibromobenzaldehyde 1-(5H-chromeno[2,3-b]pyridin-7-yl)ethanone 5H-chromeno[2,3-b]pyridin-5-one 3-chloroisoquinoline-4-carbaldehyde (E)-2-(3-oxoprop-1-enyl)benzaldehyde methyl4-formyl-3-nitrobenzoate 5,6-dimethoxy-2,2-dimethyl-2,3-dihydro-1H-inden-1-one 1-methylbicyclo[4.1.0]heptan-3-one 3-nitro-4-(trifluoromethoxy)benzaldehyde 2-hydroxyquinoline-6-carbaldehyde 2-nitro-3-(trifluoromethyl)benzaldehyde 1-(2-fluoro-4-methoxyphenyl)propan-2-one tert-butyl3-fluoro-4-oxopiperidine-1-carboxylate tert-butyl3-oxopropylcarbamate 2,2-dimethylcyclohexanone 9H-carbazole-3-carbaldehyde N,N-dimethyl-2-oxoacetamide 2-methylpent-4-yn-2-ol 3-tert-butyl-4-hydroxybenzonitrile 4-bromo-2-tert-butylphenol 1,3-dibutoxypropan-2-ol methyl4-hydroxyquinoline-6-carboxylate methyl3-cyano-4-hydroxybenzoate 4-chloro-6-methoxyquinolin-7-ol 3,4-dihydro-2H-benzo[b][1,4]oxazin-7-ol 2-(2-aminothiazol-5-yl)ethanolhydrochloride (R)-ethyl2-chloropropanoate (S)-4-amino-5-(4,4-dimethylcyclohexylamino)-5-oxopentanoicacid (1s,4s)-4-hydroxycyclohexanecarboxylicacid (S)-2-(tetrahydrofuran-3-yloxy)aceticacid (1S,4R)-1-methyl-4-(prop-1-en-2-yl)cyclohex-2-enol (R)-4-(hydroxymethyl)oxazolidin-2-one (S)-4-(hydroxymethyl)oxazolidin-2-one 化工資訊 鎢鉬、稀土價格齊增長,助力廈門鎢業(yè)營收大幅提升。2017年上半年,全球經(jīng)濟延續(xù)復蘇態(tài)勢,市場需求回暖,出口鎢品量恢復性增長,同時疊加鎢行業(yè)去庫存效果顯現(xiàn),市場價格持續(xù)企穩(wěn)回升。公司鎢鉬等有色金屬業(yè)務實現(xiàn)營業(yè)收入29.65億元,同比增長41.03%,毛利率為29.20%,相比上年提高了5.29個百分點。報告期內(nèi)受國儲收儲、打黑以及環(huán)保巡查等因素的影響,稀土產(chǎn)品價格呈上漲態(tài)勢,公司稀土冶煉業(yè)務盈利有所提升,上半年公司磁性材料累計實現(xiàn)銷量1014噸,比上年同期增長38.84%;稀土板塊實現(xiàn)營業(yè)收入7.48億元,同比增長83.30%。
電池材料和房地產(chǎn)成為主要利潤增長點。報告期內(nèi),鋰電材料產(chǎn)銷兩旺,上半年國內(nèi)鋰電材料產(chǎn)量達到9.4萬噸,其中二季度增長57%。在行業(yè)快速發(fā)展的大背景下,同時受益于低價鈷原料庫存、銷量增加和產(chǎn)品漲價,公司電池材料業(yè)務盈利能力進一步提升,實現(xiàn)營業(yè)收入17.85億元,同比增長116.17%,毛利率21.49%,比上年提高15.7個百分點。房地產(chǎn)業(yè)務方面,憑借庫存商鋪和漳州項目二期住宅的出售,業(yè)績大增,實現(xiàn)營業(yè)收入4.29億元,同比增長712.07%,但下半年公司房地產(chǎn)業(yè)務主要銷售漳州項目二期尾盤,預計業(yè)績貢獻較小。
預計下半年鎢、稀土價格將繼續(xù)上漲。2017年上半年,受益全球鎢消費的回暖,鎢品出口量達到1.54萬噸,同比增長53.3%,而鎢精礦產(chǎn)量僅同比增長11%,致使鎢精礦價格自年初以來上漲了24%。而伴隨礦山自主減產(chǎn)、環(huán)保督查和開采配額執(zhí)行力度的加大,產(chǎn)量難以滿足下游需求,鎢供應將出現(xiàn)短缺。由于國家對稀土行業(yè)的整治力度不斷加大,稀土價格今年年初以來整體顯著上漲。隨著稀土打黑從運動式逐步向常態(tài)化、制度化轉變,同時疊加環(huán)保核查的壓制,稀土產(chǎn)量將繼續(xù)下滑,稀土產(chǎn)品價格有望持續(xù)上漲,預計公司下半年稀土業(yè)務盈利將進一步增長。
盈利預測及評級:根據(jù)公司當前股本,我們預計公司17-19年實現(xiàn)EPS分別為0.71元、0.86元、0.94元,按照2017-08-09收盤價,對應PE分別為48、40和37倍,維持“增持”評級。
