智通财经APP获悉，华润建材科技(01313)涨超3%，截至发稿，涨3.26%，报1.9港元，成交额659.95万港元。
美银证券发布研报称，引述华润建材科技管理层预计，今年首两季度水泥每吨毛利将显着优于去年同期，受惠去年低基数。管理层称1月水泥每吨毛利达40元人民币以上，3至4月每吨毛利将更高，受惠近期价格上涨及煤炭成本降低。该行指出，在有关利润水平下，市场供应纪律仍保持良好，因小型生产商缺乏抢占更高市场份额的动力。该行认为，过去一年半出现的亏损利润率似乎已经过去，预计公司水泥每吨毛利将在今年至2027年逐步恢复至约55至61元人民币，相较去年每吨37元人民币显着扭转。
天风证券指出，24年公司水泥熟料收入1.5亿元，同比下降20%，销量同比-11%达6171万吨，测算吨均价同比下滑29元(-11%)达244元，吨成本同比下降33元(-14%)达207元，主要受煤炭采购价格同比降低14%影响，吨毛利同比提升4元(+13%)达37元。24Q4水泥价格环比修复，预计25年同比正增，Q2雨季前仍有提涨预期。公司部署了25年稳定利润基本盘重点工作，该行看好公司25Q1及全年利润弹性。
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