維達國際(03331.HK):大宗商品價格下跌有利毛利率 人幣升值有正面影響
維達國際(03331.HK)行政總裁李潔琳在業績電話會議上表示,雖然疫情為公司業務環境帶來很多不明朗及挑戰,不過認為公眾對衛生產品需求強勁,加上高端化策略見效,現時相關銷售佔比達三成,加上電商渠道亦維持強勁表現,現時已成集團最大的銷售渠道,在「雙十一」期間表現亦出色。主席李朝旺補充,去年集團高端化策略及女性衛生巾等的發展達到預期,對2021年再創新高有信心。
在擴產方面,集團位於陽江、浙江及湖北廠房的紙巾產能擴充將於2021年完成,料2021年的紙巾產能大約增加14萬噸。雖然馬來西亞疫情嚴重,但集團料馬來西亞地區總部第一階段將於2021年落成,而倉庫屆時能投入運作,相關工作亦如期進行中。
李潔琳指出近期大宗商品價格下跌有助提升毛利率,而集團成本節約措施亦見效,對未來發展有信心,而人民幣升值對集團亦有正面影響。雖然近期木漿價格有自低位反彈,行內規模較細的企業或要加價,不過她認為木漿價格走勢難料,強調集團有能力管理原材料價格變動,亦有相當部分的木漿庫存,隨著高毛利產品貢獻擴大,對盈利亦有正面影響。
她指出去年下半年確實見到市場上有較多的價格促銷活動,因為很多供應商都會積極部署「雙十一」,雖面對價格下行壓力,但上季毛利率不跌反升,反映公司具執行能力及渠道等應對價格挑戰。(el/a) ~
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