How many masks did you buy? Mask-related companies made a big profit in the first quarter!
2020 at 00:41 on May 4 China News
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　　Original title: How many masks did you buy? Mask-related companies made a big profit in the first quarter!

　　During the outbreak of the Xinhua client Beijing, May 4 (Xie Yiguan), what are the big-name lipsticks and famous brand bags, and the mask is the well-deserved "C". In the context of "a mask is hard to find" in the first quarter, netizens sighed, "I can't imagine how much a mask company can earn in the first quarter!"

Data Map: A mask manufacturer in Jinxian County, Jiangxi, is increasing its horsepower production. Photo by Wan ZhaohuiData Map: A mask manufacturer in Jinxian County, Jiangxi, is increasing its horsepower production. Photo by Wan Zhaohui
　　The profit of mask manufacturing enterprises is rising

　　A sudden epidemic made masks a must-have item for all people. The influx of a large number of orders has greatly increased the profits of mask manufacturers.

( 10.640 , 0.62 , 6.19% )

　　Tianhua Chaojing said that after the outbreak of the outbreak of the medical device business, the market demand has increased significantly. The medical protection products of the company and its subsidiary Wuxi Yushou Medical Device Co., Ltd. are the guarantee materials for epidemic prevention and control. In the short term, the sales revenue of the medical device business and The operating profit growth is relatively large.

( 9.550 , 0.06 , 0.63% )(32.250, 0.54, 1.70%)32.250 , 0.54 , 1.70% )


( 4.440 , 0.06 , 1.37% )

　　Meltblown fabric business performance rises with rising water

　　In addition to mask manufacturers, melt-blown cloth as the "heart" material for medical masks is also in short supply. Meltblown fabric prices have risen by more than 10 times with the market, which has benefited the performance of related companies.

　　( 34.800 , -0.12 , -0.34% )

( 9.220 , 0.27 , 3.02% )

( 32.620 , 0.23 , 0.71% )

Data figure: The technical workers are finally commissioning the mask machine production line. Photo by Jiang HuiData figure: The technical workers are finally commissioning the mask machine production line. Photo by Jiang Hui
　　Mask machine companies also make money

　　During the epidemic, Sinopec once chanted "I have a meltblown cloth, who has a mask machine?" As a key part of the mask production, the mask machine with a price of 800,000 yuan in the past was fired to 4 million because of the "one machine is hard to find". Yuan, so that manufacturers can make money.

( 61.500 , 0.90 , 1.49% )

( 13.480 , 0.08 , 0.60% )

( 42.230 , 1.32 , 3.23% )

( 6.170 , 0.10 , 1.65% )

　　The concept stocks of the masks performed well, and the stock prices of several stocks doubled

　　The rise in performance of mask-related companies has also pushed up the concept stocks of masks. For example, in the 47 trading days from February 3 to April 9, Dawn shares received 21 daily limit and won the "Most Cow Mask Concept Stock".

Dawn shares chart.Dawn shares chart.
　　As of the close of April 30, Dawn shares rose 0.71% to close at $ 32.62 per share, with a market value of 13.3 billion yuan. Since the beginning of the year, it has risen by 205.15%.

　　However, as Dawn ’s first-quarter results were far below market expectations, some investors ridiculed, “It seems that companies producing mask melt-blown materials are not as profitable as they thought.” After the announcement of the financial report, its stock price fell for two consecutive days.

( 7.310 , 0.13 , 1.81% )(3.570, -0.16, -4.29%)3.570 , -0.16 , -4.29% )

　　Short-term maintenance, long-term or overcapacity

　　Relying on a large number of orders in the first quarter, the profits of many mask-related enterprises doubled. But in the long run, can the mask business continue to boost performance?

　　On March 8th, Dawn said in its announcement that the increase in orders for polypropylene meltblown materials will have a positive impact on its operating performance, but with the effective control of the epidemic, it is expected that future orders for the product will be Gradually decrease. "Recently, a number of companies have newly put into production of polypropylene meltblown materials. The market supply of this product is gradually increasing, and there is a risk of overcapacity in the industry."


　　In addition to melt-blown materials, masks also face the risk of overcapacity.

　　According to the data from the professional version of the company's search, as of April 4th, China's business scope includes masks and there are a total of 69,000 companies in operation. Among them, 19,000 companies were added after the outbreak on January 25.

　　According to data from the National Development and Reform Commission, on February 29, the daily output of national masks, including ordinary masks, medical masks, and medical N95 masks, reached 116 million. And in 2019, the total annual output of masks in mainland China will exceed 5 billion.

　　"For a small number of medical device export companies, such as low-value consumables (masks, gloves, etc.), medical equipment and other products, the global orders are currently in short supply, and the production capacity of each company is relatively saturated. It is expected that the export boom will continue for a long time "Guo Sheng Securities analyst Zhang Qiyao pointed out.

　　"The current status of the mask sector is that domestic supply tensions will gradually ease, overseas demand will gradually increase, and medium-term industry competition pressure will be greater." Cinda Securities analyst Yang Song said that in the future, as many companies continue to increase mask capacity, the overall The industry will face greater pressure on overcapacity. (Finish)

Editor in charge: Qin Xuanling

https://finance.sina.com.cn/roll/202...i9726543.shtml