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中泰桥梁上市后业绩不振 IPO募投项目仍亏损
2017-09-25 07:16:53 中国经济网
开拓海外市场陷诉讼纠纷
按照当时中泰桥梁披露的风险,两大风险被提及:一是原材料价格波动的风险;二是宏观经济波动的风险。
就前者来说,中泰桥梁认为各种钢材成本占工程施工成本的比重约为55%。鹏云资信评估有限公司2016年出示的债券跟踪信用评级报告显示,近年来伴随着钢铁产业的快速发展,已出现较为突出的产能过剩现象,钢材价格则呈现持续震荡下行的态势,钢材价格的下降对于缓解钢结构企业成本压力提供了较好的空间。
而就后者来说,中泰桥梁几乎上市后每年的财报都会提到宏观经济放缓、政府财政紧缩等因素带来的业绩压力,但自2015年,其开始提到“一带一路”对公司未来形成的利好。
中泰桥梁在这方面起步也不晚。上述信用评级报告显示,2015年年报中,中泰桥梁提出承担了印度德里瓦杰拉巴德大桥的建设。2012年,中泰桥梁在美国设立了“中泰桥梁北美公司”(以下简称中泰北美),在欧洲合资成立了“中泰-恩纳斯公司”(以下简称恩纳斯),在美国和丹麦都承担了项目。
《每日经济新闻》记者发现,中泰北美2014年实现净利润290.84万元,此后年度未披露盈利情况;2012年年报显示,恩纳斯投资成本为2.98万元人民币。在2016年年报中,恩纳斯“减值准备期末余额”为2.98万元。
此外,中泰桥梁还因相关海外业务卷入诉讼。2013~2014年,中泰桥梁与中海物流订立了有关“印度桥”、“丹麦桥”的海运服务合同。中海物流公司以中泰桥梁未能按约及时支付运费、滞期费、投标保证金等为由,向上海海事法院提起诉讼,索赔1329万元,并要求解除服务合同。2014年,法院判定中泰桥梁败诉。
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