城市燃气行业风险及投资策略分析

The Risk Analysis of City Gas Industry and the Corresponding Investment Strategy

近年来,随着"西气东输、海气登陆、海外进口、陆气补充"天然气多元化供应局面的形成,行业总体延续了2010年以来的增长态势,产量稳定上升,需求同比增长,行业效益有明显提升。然而,随着我国经济逐步放缓,全球制造业活动收缩,世界经济形势趋于复杂并有所恶化。从目前来看,影响经济增长的国内外因素都没有出现显著回升的迹象,外部环境的不乐观造成的国内工业增加值、投资、出口增速下降及物流、汽车等行业增速放缓,影响石油行业景气度和需求的回升,从而对城市燃气行业的发展也造成了一定的干扰。此外,城市燃气行业的发展还将面临着政策风险、价格波动风险等。通过对燃气行业近年来显现的风险进行分析,本文提出了若干条投资策略,以期对燃气行业的整体健康发展有所帮助。

In recent years, the trend of diversified supply sources in city gas industry has been emerging. At the same time, the industry overall maintains the rapid growth since2010. While the output steadily increased, gas demand expanded in a corresponding way. However, the situation of china＇s economy keeping slowing down and global manufacturing activities shrinking has resulted in a great hit on market confidence, leading severe challenges to the city gas industry. In the near future, both China＇s investment and export would not grow as quickly as past and economy may even suffers potential contraction. Thus, these negative impacts have imposed some unpleasant influence on the city gas industry. In addition, other factors, like policy risks. price fluctuations will all cause obstacles in the industry.Through the risk analysis of the gas industry in recent years, this paper proposes several strategies in order to be helpful for the overall development of the city gas industry.