+关注
Liandz
暂无个人介绍
IP属地：广东
23
关注
0
粉丝
6
主题
0
勋章
主贴
热门
Liandz
2023-09-11
垃圾股
协鑫科技(03800)6月硅料快速降价影响二季度利润表现（繁体版）
去老虎APP查看更多动态
{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":3556671575819699,"uuid":"3556671575819699","gmtCreate":1593577553064,"gmtModify":1719559823230,"name":"Liandz","pinyin":"liandz","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/85d70429e7e4a85650ea34ab097f45f5","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":23,"tweetSize":1,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":6,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":5,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.20%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-2","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"资深虎友","description":"加入老虎社区1000天","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.15","exceedPercentage":"80.67%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":"广东","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":218736747614248,"gmtCreate":1694426646458,"gmtModify":1694427045905,"author":{"id":"3556671575819699","authorId":"3556671575819699","name":"Liandz","avatar":"https://static.tigerbbs.com/85d70429e7e4a85650ea34ab097f45f5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"垃圾股","listText":"垃圾股","text":"垃圾股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/218736747614248","repostId":"2365683105","repostType":2,"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":218736747614248,"gmtCreate":1694426646458,"gmtModify":1694427045905,"author":{"id":"3556671575819699","authorId":"3556671575819699","name":"Liandz","avatar":"https://static.tigerbbs.com/85d70429e7e4a85650ea34ab097f45f5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"垃圾股","listText":"垃圾股","text":"垃圾股","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/218736747614248","repostId":"2365683105","repostType":2,"repost":{"id":"2365683105","pubTimestamp":1694078155,"share":"https://www.laohu8.com/m/news/2365683105?lang=&edition=full","pubTime":"2023-09-07 17:15","market":"hk","language":"zh","title":"协鑫科技(03800)6月硅料快速降价影响二季度利润表现（繁体版）","url":"https://stock-news.laohu8.com/highlight/detail?id=2365683105","media":"第一上海","summary":"颗粒硅产能爬坡及生产工艺优化效果显著：上半年公司多晶硅产量约11.1万吨，外销10.1万吨，不含税均价124元每公斤，其中颗粒硅产量8.2万吨，外销6.5万吨，产销均实现同比大幅增长，乐山基地生产成本到7月已降至35.7元每公斤，处于行业领先水准。","content":"<html><body><article><p>硅料降价与减值影响业绩：上半年整体收入209.5亿元人民币(下同)，同比增长41.8%，增长贡献主要来自乐山及包头颗粒硅产出释放；综合毛利率同比降低6个百分点至41.9%，主要因为期内多晶硅价格下降所致；归母<span>净利润</span>同比减少21.9%至55.2亿元，2Q23单季度收入约97.6亿元，环比减少13%，利润约14.3亿元，环比减少65%，6月徐州棒状硅产能置换计提减值约8亿元影响。</p><p>颗粒硅产能爬坡及生产工艺优化效果显著：上半年公司多晶硅产量约11.1万吨，外销10.1万吨，不含税均价124元每公斤，其中颗粒硅产量8.2万吨，外销6.5万吨，产销均实现同比大幅增长，乐山基地生产成本到7月已降至35.7元每公斤，处于行业领先水准。三大基地颗粒硅有效产能已达28万吨，市占率提升至15%以上，四季度呼和浩特专案投产后颗粒硅总产能将达到40万吨，同时未来单模组产能有望由现在的2万吨提升至6万吨，大幅提升模组化建设效率，有望实现单位产能投资额下降30%。</p><p>品质持续提升，N型应用短板改善：目前公司量产颗粒硅总金属杂质含量小于0.5ppbw的比例已达到70%，预计短期内有望提升至85%，颗粒硅拉制N型单晶棒头部少子电阻比的衰减率也优于同期致密料产品，足以匹配N型料要求。同时公司在颗粒硅的N型应用短板优化方面持续改进，浊度控制能力明显提升，截至7月已实现低于120NTU浊度的颗粒硅产品较年初提升140%，有望逐步解决高比例投料时粉体含量过高的负面影响。</p><p>下调目标价至2.65港元，维持买入评级：尽管多晶硅料价格仍将整体处于低价区间，我们仍看好颗粒硅在成本控制和品质提升方面的持续精进，以实现N型产品比例的逐步提升，综上考虑我们相应调整公司2023-2025年收入和利润预测以反映颗粒硅产量释放以及低<span>成本优势</span>的显现，预计公司2023-2025年净利润为77/66/69亿元(前值137/155/159亿元)，下调未来十二个月目标价至2.65港元，对应2023-2025年8.0/9.4/9.0倍预测市盈率，维持买入评级。</p><p>风险提示：投产进度不及预期</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>协鑫科技(03800)6月硅料快速降价影响二季度利润表现（繁体版）</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n协鑫科技(03800)6月硅料快速降价影响二季度利润表现（繁体版）\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-07 17:15 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202309071730198233aacd&s=b><strong>第一上海</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>硅料降价与减值影响业绩：上半年整体收入209.5亿元人民币(下同)，同比增长41.8%，增长贡献主要来自乐山及包头颗粒硅产出释放；综合毛利率同比降低6个百分点至41.9%，主要因为期内多晶硅价格下降所致；归母净利润同比减少21.9%至55.2亿元，2Q23单季度收入约97.6亿元，环比减少13%，利润约14.3亿元，环比减少65%，6月徐州棒状硅产能置换计提减值约8亿元影响。颗粒硅产能爬坡及...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202309071730198233aacd&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03800":"协鑫科技","BK1594":"碳中和概念股","BK1610":"ETF&股票定投概念","BK1169":"半导体设备","BK1554":"光伏太阳能股","SG9999014674.SGD":"Nikko AM All China Equity A SGD"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202309071730198233aacd&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2365683105","content_text":"硅料降价与减值影响业绩：上半年整体收入209.5亿元人民币(下同)，同比增长41.8%，增长贡献主要来自乐山及包头颗粒硅产出释放；综合毛利率同比降低6个百分点至41.9%，主要因为期内多晶硅价格下降所致；归母净利润同比减少21.9%至55.2亿元，2Q23单季度收入约97.6亿元，环比减少13%，利润约14.3亿元，环比减少65%，6月徐州棒状硅产能置换计提减值约8亿元影响。颗粒硅产能爬坡及生产工艺优化效果显著：上半年公司多晶硅产量约11.1万吨，外销10.1万吨，不含税均价124元每公斤，其中颗粒硅产量8.2万吨，外销6.5万吨，产销均实现同比大幅增长，乐山基地生产成本到7月已降至35.7元每公斤，处于行业领先水准。三大基地颗粒硅有效产能已达28万吨，市占率提升至15%以上，四季度呼和浩特专案投产后颗粒硅总产能将达到40万吨，同时未来单模组产能有望由现在的2万吨提升至6万吨，大幅提升模组化建设效率，有望实现单位产能投资额下降30%。品质持续提升，N型应用短板改善：目前公司量产颗粒硅总金属杂质含量小于0.5ppbw的比例已达到70%，预计短期内有望提升至85%，颗粒硅拉制N型单晶棒头部少子电阻比的衰减率也优于同期致密料产品，足以匹配N型料要求。同时公司在颗粒硅的N型应用短板优化方面持续改进，浊度控制能力明显提升，截至7月已实现低于120NTU浊度的颗粒硅产品较年初提升140%，有望逐步解决高比例投料时粉体含量过高的负面影响。下调目标价至2.65港元，维持买入评级：尽管多晶硅料价格仍将整体处于低价区间，我们仍看好颗粒硅在成本控制和品质提升方面的持续精进，以实现N型产品比例的逐步提升，综上考虑我们相应调整公司2023-2025年收入和利润预测以反映颗粒硅产量释放以及低成本优势的显现，预计公司2023-2025年净利润为77/66/69亿元(前值137/155/159亿元)，下调未来十二个月目标价至2.65港元，对应2023-2025年8.0/9.4/9.0倍预测市盈率，维持买入评级。风险提示：投产进度不及预期","news_type":1},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
