中遠海能(600026.SH)上半年淨利潤預降66.9%-79.8%、VLCC運輸市場仍未擺脫運力過剩的困境
格隆匯7月7日丨中遠海能(600026.SH)公佈，預計集團2022年上半年實現歸屬於上市公司股東的淨利潤與上年同期(法定披露數據)相比，將減少人民幣36363萬元-43363萬元，同比下降66.9%-79.8%。
預計集團實現歸屬於上市公司股東扣除非經常性損益後的淨利潤與上年同期(法定披露數據)相比，將減少人民幣37674萬元-44674萬元，同比下降67.7%-80.2%。
主要原因如下：1、VLCC運輸市場仍未擺脫運力過剩的困境，雖然地緣政治事件的擾動使VLCC運價出現小幅擡升，但效果有限。集團VLCC船隊於今年上半年在市場的階段性高點把握了多載成交機遇，但運輸市場基本面的萎靡以及不斷上漲的燃油成本，使VLCC船隊的收益依舊面臨着很大的挑戰。
2022年上半年VLCC代表性航線TD3C(中東-中國)平均TCE僅爲-9334美元/天(去年同期爲-311美元/天)，大幅低於船東保本點。集團VLCC運輸業務2022年上半年比去年同期增加虧損約人民幣4.2億元。但2022年第二季度集團VLCC實際運營TCE水平比第一季度有較大幅度的環比改善，增長幅度約18.5%。
2、受地緣政治事件影響，國際石油貿易路線發生了改變，運輸需求增長顯著，主要的受益船型爲中小型油輪。同時，歐美地區成品油煉能緊張、庫存也位於低位，更多的跨區貿易使國際成品油運輸市場維持了較高的景氣度。集團中小型油輪雖規模有限，但仍精準把握了市場機遇，並充分發揮內外貿兼營的靈活屬性，合理調配內外貿運力，兌現了理想的收益。
集團自營中小型外貿油輪2022年上半年毛利較去年同期增加約人民幣3.4億元。2022年第二季度自營中小型外貿油輪毛利預計爲人民幣3億元，較第一季度環比增加約人民幣3.6億元。
綜合VLCC和外貿中小船收益情況，集團2022年上半年外貿油運船隊比去年同期增加虧損約人民幣1億元。
3、集團2022年上半年取得的其他收益預計比去年同期減少約人民幣1.8億元，主要爲收到政府補助減少所致。
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