投产建设高峰期已过，公司长期债务稳步下降-行业数据

投产建设高峰期已过，公司长期债务稳步下降

分析公司的债务结构，非流动负债持续下降，过去财务费用较高主要是由于流动负债额较高造成的，这是公司过去持续资本开支建设磷肥和氮肥生产装置，而化肥景气持续低迷，盈利不佳导致的负向循环。但目前公司的化肥产业链已布局完整，资本开支高峰期已过，有息负债总额持续下降。

行业数据

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所属报告：