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金馬能源(06885.HK)年度純利跌28.64%至5.94億元 連同特別息合計派0.3元
格隆匯 03-25 22:35

格隆匯3月25日丨金馬能源(06885.HK)發佈年度業績,2019年全年,公司實現收入75.85億元人民幣(下同),同比增長1.79%;毛利10.84億元,同比減少20.39%;公司股東應占盈利5.94億元,同比減少28.64%;基本每股收益1.11元;擬派每股末期股息0.20元及每股特別股息0.10元。

業績下跌主要是集團各主要產品,面對中國的經濟調整,價格下調影響毛利,集團的毛利率由2018年的18.3%下降至2019年度的14.3%。佔集團收益約49.9%的焦炭產品,由2018的過去5年最高的平均銷售價格1,842元,下降7.4%至2019年度的1,706元,但由於政府的相關生產政策,相比2018年同期,2019年度集團的主要生產原材料焦煤的平均採購價錄得約1.3%升幅,故集團本年度的焦炭銷售價與焦煤採購價的平均價差相比2018年下跌約19.3%。

2019年度集團的焦炭及衍生化學品的收益及毛利率均下降,主要是中國經濟調整導致需求減少及價格下跌,其中焦炭由2018年的五年最高平均售價1,842元,下降7.4%至2019年度的1,706元,而同期集團主要生產原材料焦煤的平均採購價,則由於政府的相關生產政策,2019年度與2018同期比較錄得約1.3%升幅,導致2019年度毛利率下降5.6%至22.2%,衍生性化學品方面,加上國際原油價格的整體下行,其分部毛利率錄得較大跌幅,由2018年的8.5%下降至2019年度的5.4%。

能源產品分部方面,雖然天燃氣設施在2019年已全面投入生產,但全年計,其產能使用率只約60%,加上由於2019年國際天燃氣市場供應充裕,集團年度的天燃氣平均批發售價相比2018年下降約15%,故能源分部2019年度的毛利率只維持約26.8%。

面對市場的調整,貿易分部2019年度的收益增大至約人民幣2,108.1百萬元,但分部毛利率方面,則因在煤炭貿易方面,與部份客户有策略合作模式,由2018年的1.6%提升至2019年度的3.0%。

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