和发集团新工厂净利润或达10亿美元

据Vietcombank Securities称，和发集团号称是越南和东南亚最大的钢铁生产商，当其位于中部地区的新钢厂全面投入运营时，其净利润可能达到20-25万亿越南盾（793-9.91亿美元）。 （VCBS）。

Hoa Phat Group (HoSE: HPG), which claims to be the biggest steel producer in Vietnam and Southeast Asia, may record a net profit of VND20-25 trillion ($793-991 million) when its new mill in the central region becomes fully operational, Vietcombank Securities (VCBS) said in a recent report.

Hoa Phat Group（HoSE：HPG）号称是越南和东南亚最大的钢铁生产商，当其位于中部地区的新钢厂全面投入运营时，净利润可能达到 20-25 万亿越南盾（7,93-9.91 亿美元） ，Vietcombank Securities（VCBS）在最近的一份报告中表示。

The group’s revenues are projected to reach VND175-200 trillion ($6.94-7.93 billion) when its Dung Quat 2 steel complex in the central province of Quang Ngai enters full operation.

当其位于中部广义省的 Dung Quat 2 钢铁联合厂全面投入运营时，该集团的收入预计将达到 175-200 万亿越南盾（6.94-79.3 亿美元）。

The complex may churn out the first products in a test run earlier than initially expected, in Q4 this year, and its first phase may become operational in Q1/2025. The second phase may undergo a test run in Q3/2025 and start official operation in Q4.

该综合体可能会在今年第四季度比最初预期更早地生产出第一批产品，第一阶段可能会在 2025 年第一季度投入运营。第二阶段可能于2025年第三季度进行试运行，并于第四季度开始正式运营。

With an annual capacity of 5.6 million tons, the Dung Quat 2 complex will provide a big boost for Hoa Phat in 2025, VCBS said.

VCBS表示，Dung Quat 2综合设施的年产能为560万吨，到2025年将为Hoa Phat带来巨大的推动力。

The complex’s sales volume is projected to reach 1.5 million tons in 2025, 4 million tons in 2026, and gradually increase to 5 million tons in 2027 and 6 million tons in 2028.

该综合体的销量预计将在2025年达到150万吨，2026年达到400万吨，并逐步增加到2027年500万吨和2028年600万吨。

The operation of the new mill may coincide with the Vietnamese government’s decision to levy an anti-dumping tax on Chinese hot-rolled coin (HRC) steel. “We reckon that HPG’s HRC sales depend greatly on the [Vietnamese] government’s HRC protectionism. A final decision on [anti-dumping tax] will be positive for the company.”

新工厂的运营可能恰逢越南政府决定对中国热轧硬币（HRC）钢征收反倾销税。 “我们认为 HPG 的热轧卷销售在很大程度上取决于（越南）政府的热轧卷保护主义。关于[反倾销税]的最终决定将对公司有利。”

HPG said it booked a net profit of VND3,022 billion ($119.78 million) in Q3/2024 on revenue of VND34 trillion, up 51% and 19% year-on-year, respectively.

HPG 表示，2024 年第三季度净利润为 30,220 亿越南盾（1.1978 亿美元），收入为 34 万亿越南盾，同比分别增长 51% 和 19%。

In Q4, the group’s earnings will likely improve as construction activity is forecast to accelerate after the Chinese central bank announced the biggest stimulus package since Covid-19 to revive the real estate market.

第四季度，随着中国央行宣布自 Covid-19 以来最大规模的经济刺激计划以重振房地产市场，建筑活动预计将加速，该集团的盈利可能会有所改善。

Meanwhile, the world iron ore price dropped to $91 a ton in Q3, and coal prices touched a three-year low at $186 a ton. Therefore, HPG’s profit margin is expected to improve in the time ahead.

与此同时，第三季度世界铁矿石价格跌至每吨91美元，煤炭价格触及每吨186美元，创三年新低。因此，HPG 的利润率预计未来将有所改善。