Tapai Group: Net Profit in the First Half Year Increased by 178% over the Same Period Last Year

, Tapai Group achieved an operating income of 2.87 billion yuan, an increase of 10.72% over the same period last year, and a net profit of 486 million yuan, an increase of 178.03% over the same period last year.

The announcement shows that in the first half of this year, the company achieved cement sales of 8.194 million tons and clinker sales of 434600 tons, an increase of 12.51% and 32.42% respectively over the same period last year; The operating income was RMB2,870,894,400, representing an increase of 10.72% as compared with the same period of last year. The total profit and the net profit attributable to the shareholders of the listed company were RMB652,876,400 and RMB485,748,100, respectively, representing an increase of 176.23% and 178.03% as compared with the same period of last year. In the

first half of this year, in view of the new situation and new changes in the cement industry, the company, on the one hand, strengthened the control and construction of the market side, implemented flexible and precise policies to further consolidate the company's market share, on the other hand, continued to strengthen internal management, firmly promoted the work of reducing costs and increasing efficiency, strengthened cost control, and deepened benchmarking. Strengthen the research and judgment of coal price trend and optimize the procurement rhythm, continue to streamline the organization and optimize personnel, continuously reduce production costs and operating costs, speed up the construction and operation management of solid waste projects, gradually clear inefficient production capacity and low-quality enterprises, further enhance the competitiveness of the company and achieve high-quality development. In the first half of

this year, thanks to practical and effective marketing strategies, the company's cement sales increased by 12.51% year on year; During the reporting period, the cement market maintained a weak trend, and the cement prices in the eastern Guangdong and Pearl River Delta markets continued the trend of weak rebound since the end of last year, but there was a rapid decline since the middle and late May. During the reporting period, the average price of cement of the company decreased by 2.53% compared with the same period last year; Benefiting from the decline in coal prices during the reporting period and the sustained effectiveness of a series of cost reduction and efficiency enhancement measures implemented by the company since last year, the company's cement sales cost decreased by 12.36% year on year; During the reporting period, the average sales cost of cement products of the company decreased more than price of cement, which made the comprehensive gross profit rate of the company increase from 20.44% in the same period last year to 27.91%, an increase of 7.47 percentage points, and the profitability of the main business improved year on year. Influenced by the rebound of stock index, the company's securities investment realized floating profit during the reporting period, and the non-recurring profit and loss during the reporting period increased by 127 million yuan compared with the same period last year. To sum up, under the influence of many factors, the company's operating profit, total profit and net profit attributable to shareholders of listed companies increased significantly year on year during the reporting period.