HANOVO   NEW   MATERIAL

This week’s view: A shares are polarized this week, the Shanghai Composite Index has increased by -1.05%, and gem has increased by 6.18%, of which the building materials sector has won the market and increased by 0.33%. The company’s performance express has been published in succession. The 17 – year performance of the building materials industry has greatly increased. In addition, the national two meetings will be held, and the building materials industry focuses on infrastructure, environmental protection and real estate related policies.

Downstream starts, cement prices fall short in the short term, which is expected to rise in mid – March. This week, the price of cement fell down, the main reason is that the price of cement before the Spring Festival before the price of cement prices relatively maintained at a relatively high level, the recent patch, without excessive panic. At present, the inventories are high, but the Lantern Festival is in time, the cement demand is about to start, and the market is expected to warm in the next few weeks. On the regional side, Hebei suffered heavy pollution weather, cement grinding station stopped production and cement supply was limited. The infrastructure project was released in East China, and the cement demand was smooth in 2018. The proposed allocation of March gold stocks cement, the company actively promote the extension of industrial chain, covering the East China best regional supply and demand pattern, benefit from the steady growth of infrastructure in East china. Continue to recommend the industry leading conch cement, Huaxin Cement, in addition to the western high quality cement enterprise Qilian Mountains and Tianshan shares.

Glass prices are rising, factory inventories are cut, and continuous bullish glass faucet flag bank group. The glass price of this year is not weak, and the glass price of this week remains at 1665 yuan / ton. The downstream enterprises have been replenishment, and the manufacturers have increased their storage, and the stock is gradually transferred to the lower reaches. Glass prices are expected to rise as the lower reaches are resumed and glass demand is in the peak season. In the long run, the supply of glass is expected to fall by 6% year on year, stable demand and ample price elasticity. The proposed configuration of the glass faucet banner group, the recent distribution of profit distribution plan, the plan to send 3 yuan per 10 shares of cash.

The global economic recovery, the whole year bullish on the glass fiber industry, the emphasis on the recommendation of material technology. With the real estate cycle after consumption of building materials properties, leading sub sectors is expected to dilute the cycle, achieve stable growth performance, concern about the proposed gypsum board leading North building materials, pipe leading Weixing new material, leading dongfangyuhong waterproof material.

Market performance: this week, Shen Wan building material index increased by 0.33%. In the sub sectors of the non-metallic building materials sector, cement production decreased by 0.87%, glass manufacturing decreased by 0.92%, fireproof materials increased by 3.03%, pipes increased by 0.67%, glass fiber increased 1.22%, and Shanghai Composite Index fell 1.05% during the same period.

Price fluctuation of building materials: cement: this week, the price of the national cement market continued to decline in front of the festival, 2%. The price fall is mainly concentrated in East China, central and South and southwest, with a range of 20-50 yuan / ton.

Glass and glass fiber: the National White Glass average price of 1665 yuan at the end of 2, the ring rose 3 yuan compared to last month, up 195 yuan last year. The production utilization of float glass at the end of the month was 70.70%; the ring rose by 0.28% last month and 1.66% last year. This week, the national average price of glass fiber was 5030 yuan / ton, and it remained stable compared with last week, up 480 yuan / ton last year. Energy and raw materials: this weekend, the ring Bohai power coal (Q5500K) is 574 yuan / ton, and the average price of PVC is 6477.2 yuan / ton. The spot closing price of asphalt is 2900 yuan per ton. 11# spent $140 / ton, the price of 3000 yuan / ton of waste.

Important news: the implementation plan of the second national pollution source census of Hebei has been issued recently. The plan has cleared the object, scope and content of the second national pollution source census in Hebei. Hebei province has been listed as the focus of the census in terms of thermal power, steel, cement, coking, glass, pharmaceutical, printing and dyeing, leather making, chemical fertilizer, petrochemical industry and sewage centralized treatment facilities. (source: Digital cement network)

Important announcement: [Weixing new material: on the 2017 annual results letters] during the reporting period, the company following the beginning of the development of business ideas and market strategy, grasp the implementation of the work, achieved total revenue of 3 billion 603 million yuan, representing a growth of 17.51%; operating profit 964 million yuan, representing a growth of 24.55%; a total profit of 965 million yuan. Growth of 21.27% over the same period last year; net profit attributable to shareholders of listed companies was 813 million yuan, up 21.26% over the same period last year. At the end of the reporting period, the share capital of the company was 1 billion 8 million shares, up 30% from the beginning of the reporting period.

Risk hints: energy and raw material price fluctuations increase production costs; rain and snow weather changes reduce demand.