港股异动 | 水泥股集体走低 中国建材(03323)跌近5% 水泥市场延续弱势运行

智通财经网
Jul 31, 2025

智通财经APP获悉,水泥股集体走低,截至发稿,中国建材(03323)跌4.71%,报4.65港元;金隅集团(02009)跌4.71%,报0.81港元;海螺水泥(00914)跌4.03%,报22.6港元;华新水泥(06655)跌2.12%,报12.9港元。

消息面上,据水泥网,7月25日,全国水泥价格指数报收319.64点,环比下跌1.58%,同比下跌11.30%。上周全国水泥市场延续弱势运行,区域分化特征明显。华北市场推涨乏力,京津冀地区价格弱稳,山西、内蒙古受高库存压力维持低位震荡;东北地区错峰生产难敌需求疲软,价格推涨受阻;华东长三角地区涨价计划搁浅,整体价格低位维稳,福建、江西等地受台风影响需求进一步走弱。受持续高温多雨天气及终端需求疲软影响,预计本周(7.28-8.1)全国水泥价格仍将维持弱势运行。

天风证券认为,短期来看,受淡季影响,部分地区水泥价格仍在小幅下探,但下降空间已较为有限,8月随着需求逐渐进入到旺季,价格有望迎来提涨。此外,瑞银指出,尽管市场情绪高涨,但雅江水电项目属长期规划,对覆盖公司盈利的实质影响有限。假设水泥订单按市场占有率分配且吨毛利150元人民币/吨,预计西藏天路年均获利约1.6亿元(相较2024年亏损1.04亿元),华新水泥、中国建材及海螺水泥净利润增幅分别约5%、2%及0.4%。

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