Electric Power Enterprises Stop Production Or Lose All Kinds Of Textile Enterprises.

Today, Xinxiang chemical fiber and Yantai spandex have announced that due to the current tight electricity supply, the power sector began to implement power restriction measures, the company had to be forced to shut down some production lines.

In fact, as early as August 7th, the electric power Federation released the "national power supply and demand situation and economic operation situation analysis and forecast report". The report predicts that the national electricity consumption gap will be 15 million kilowatts in the second half of this year.

Despite the rise in domestic coal prices, the state has issued a price limit order, but because the supply and demand of coal in general is still in a tight state, the average price of coal will run high in the second half of the year, and higher than the average level in the first half, so the power enterprises will still face greater losses.

Will the shortage of power supply cause more and more enterprises to stop production?

How big is this impact on listed companies?

Power cuts and production losses vary.

Xinxiang chemical fiber and Yantai spandex also released the news of power restriction and stoppage today. Due to the current power shortage, the electric power department has imposed power restriction measures on the company, and the power supply scale is relatively large.

But the size of the loss may vary.

Xinxiang chemical fiber company said that during the power restriction period, the company will carry out shutdown inspection on viscose filament and viscose staple fiber production system.

During the shutdown period, the production of viscose filament will affect about 70 tons / day, affecting the production of viscose staple fiber about 60 tons / day, accounting for 46% and 40% of daily output respectively.

The company's shutdown production line affects the daily output of the company to more than 4, or even nearly 5. Moreover, the company does not specify the length of time for the production to stop production. If the production time is too long, it may aggravate the extent of the loss of the enterprise. Therefore, it is difficult to accurately estimate the loss of the power cut for the company.

Due to the fact that foreign production capacity is largely closed and domestic industry limit production and price protection, the domestic viscose fiber industry is entering a new round of prosperity cycle. Recently, the state has raised the export rebate rate of textiles, from 11% to 13%, while the company has to be cut off by power restriction, and its output has been reduced by nearly 5 per day.

Yantai spandex is expected to stop production in about 3 months.

During this period, the production of spandex will be reduced by about 2500 tons.

According to the current spandex price calculation, the company is expected to reduce its operating income by 110 million yuan, and reduce net profit by around 10 million yuan.

The net profit of the company last year was close to 5 hundred million. The shutdown affected the net profit of the company at around 10 million yuan, which was smaller than the company's annual performance. Therefore, the company's annual performance should not be dragged down.

Power cut enterprises or increase

This year, as the price of coal has risen all the way, the state has also issued a price limit order, but the price of coal has been running at a high level. The cost pressure of power enterprises, especially thermal power enterprises, is still heavy, and many enterprises have to stop some units.

Coupled with natural disasters and pportation constraints, and is still in the peak period of electricity consumption, so the demand for electricity is still large.

At present, the Olympic Games have been held, to a certain extent, to increase the demand for electricity, and the state will also protect the supply of Olympic electricity first. Therefore, many market participants are worried that more and more enterprises will be limited in power production.

Everbright Securities electric researcher believes that coal prices have not fallen due to the current price order, and the thermal power generation has dropped considerably. Many thermal power enterprises have to shut down or reduce the generation capacity to reduce cost pressures and losses. Therefore, the tight supply of electricity will continue, and the thermal power industry almost falls into the loss situation of the whole industry.

Industry analysts believe that the Olympic Games, cost pressures and other factors, the power cut production enterprises may further increase, the scope may also be expanded.

But after the Olympic Games, the focus of the state will return to the economy, and the electricity price is still expected to be adjusted. Therefore, it is expected that the time limit for power cuts and production will not be too long, so the impact on the listed companies will not be great.