Shougang, Masteel, Angang and Jiugang are not as good as a Baotou Steel.

The market value of Baotou Steel is approaching Baowu Steel, which is the biggest thing in the steel industry recently. Decades of old investors are surprised by this: it's not that you are trading stocks, but that the world is changing really fast. Then, behind the withdrawal of Baotou Steel, is it a change of wind direction or a special wealth password hidden?

The rise of Baotou Steel started on July 7th, and its share price started around 1.5 yuan. It took 4 1 trading day, rising all the way above 4 yuan, with a short-term increase of more than 2 times.

After a long time, we can see that the rise of Baotou Steel started from 202 1 and 1. At that time, the company's share price hovered around 1 yuan after several years of negative growth. Then, at the beginning of the year, a wave of rapid rise began, which broke through 2 yuan in a short time, and then entered a period of adjustment and financing for several months.

This round of market of Baotou Steel, no matter from the market performance, stock price increase or the company's current market value, is in a leading position in the steel industry and can be called "the flower of steel".

Up to now, the market value of Baotou Steel has reached 654.38+073 billion yuan, while the market value was only 50 billion yuan when it was listed at the beginning of the year.

At present, Baowu Steel is the largest listed company in the steel industry with a market value of about 220 billion yuan. The market value of Baotou Steel is 654.38+073 billion yuan, ranking second closely behind Baowu.

Previous steel bosses, such as Shougang, Anshan Iron and Steel, Maanshan Iron and Steel Co., Ltd. and Jiuquan Iron and Steel Co., Ltd., were left behind. Shout a voice. If the voice is not loud enough, they can't hear you.

For example, the market value of shougang shares is 55 billion yuan, that of Maanshan Iron and Steel Co., Ltd. is 46 billion yuan, that of Angang Steel Co., Ltd. is 510.20 billion yuan, and that of Jiuquan Iron and Steel Co., Ltd. is10.90 billion yuan. The four families add up to only1.71.200 million yuan.

Shougang, Masteel, Angang and Jiugang are not as good as a Baotou Steel. At the beginning of the year, the market value of Baotou Steel was only about 50 billion yuan.

In terms of performance, then:

In 20021year, the operating income of Baotou Steel was 39.4 billion yuan and the net profit was 2.7 billion yuan.

Shougang's operating income in the first half of the year was 63.3 billion yuan and its net profit was 3.4 billion yuan.

In the first half of the year, the operating income of Maanshan Iron and Steel Co., Ltd. was 56.8 billion yuan and the net profit was 4.6 billion yuan.

Angang's operating income in the first half of the year was 72.5 billion yuan and its net profit was 5 1 100 million yuan.

Jiugang's operating income in the first half of the year was 26.2 billion yuan, and its net profit was/kloc-0.9 billion yuan.

Intuitively, among the above four giants, only JISCO's income and net profit are slightly lower than those of Baotou Steel. The other three big brothers all crushed Baotou steel.

The total annual income of Shougang and other four companies reached about 220 billion yuan, five times that of Baotou Steel. The total net profit also reached 654.38+05 billion yuan, more than five times that of Baotou Steel.

After the four major groups get together, the interim net profit is 654.38+0.5 billion yuan. The current market value is still less than the net profit of 2.7 billion yuan. Do you think this world is strange?

In fact, if Baosteel and WISCO did not merge, Baotou Steel's current market value would be the first brother of steel.

The author believes that the continuous rise of Baotou Steel's share price has exceeded the logic of the steel industry. In other words, the main funds are speculating in Baotou Steel, but not in steel stocks. There are indications that the main funds are speculating on Baotou Steel, a rare earth stock.

In fact, this can also be seen from the logic of the rise of Baotou Steel.

202 1 1 The Ministry of Industry and Information Technology publicly solicited opinions on the Regulations on Rare Earth Management (Draft for Comment), and proposed that the state should implement total quota management for rare earth mining and smelting separation, and implement strategic reserves for rare earth resources and rare earth products, and for the first time clarified the punishment provisions for enterprises that violated the regulations.

At this time, Baotou Steel completed the first wave of rise with the start of the rare earth industry. Its share price rose from 1 yuan to above 2 yuan, and doubled in a short time.

At the beginning of July, with the strong rise of the rare earth industry, Baotou Steel also made some moves from time to time. Its share price rose from 1.5 yuan to above 4 yuan, and its market value crossed the 100 billion yuan mark, quite close to 200 billion yuan.

It can be seen from the relevant data that Baotou Steel does have a certain reserve in rare earth. In addition to the proven iron ore reserves of 65.438+0.4 billion tons, Baiyun Obo Mine under the controlling shareholder Baotou Steel Group ranks first in the world with 35 million tons of rare earth oxide reserves. Fluorite reserves are1.300 million tons, ranking second in the world; Niobium reserves are 6.6 million tons, ranking second in the world.

In the first half of this year, Baotou Steel produced 7 1.7 million tons of iron and 7.82 million tons of steel, an increase of 490,000 tons. The income of the steel industry is about 38 billion yuan.

In addition, Baotou Steel also owns the tailings pond of Baiyunebo mine, with a resource reserve of 200 million tons and a rare earth oxide reserve of about 65.438+03.82 million tons, which is known as the second in the world.

From the point of view of industrial chain, the rare earth ore mined by Baotou Steel is sold to Tongmen Brothers North Rare Earth, which is processed by North Rare Earth, and the price should be adjusted with the market.

Therefore, logically, the domestic rare earth industry will benefit from downstream demand and policy drive, and there will be a long-term development. There is no doubt about it.

But can Baotou Steel really make great achievements in the field of rare earths, bringing about a continuous rise in its share price and market value?

In my opinion, not necessarily.

In the first half of this year, Baotou Steel produced 7 1.7 million tons of iron and 7.82 million tons of steel, an increase of 490,000 tons. The income of the steel industry is about 38 billion yuan.

However, in terms of rare earth, Baotou Steel Rare Earth produced a total of 87,000 tons of rare earth concentrate in the first half of the year and sold 75,400 tons, achieving revenue of 65.438+0.4/kloc-0.00 billion yuan and gross profit of 65.438+0.93 billion yuan.

Although the gross profit margin of rare earth in Baotou Steel is high, the income and gross profit account for a small proportion in the whole plate.

At this point, it is very clear why the once junk stock Baotou Steel can get out of this circle. If you speculate on the value of resources, the stock price seems to have room, or there is still a lot of room. It can be speculated that the market dream rate and trillion market value are 200 times.

However, for a long time, the so-called rare earth minerals can bring very limited immediate benefits to Baotou Steel. Chicken feathers can indeed fly to the sky, but how far they can fly depends on how strong the wind is. What if the wind stops?