Investors asked:
Cement prices fell in the first quarter , the company's profits are soaring because of what?
Secretary Dong replied (Tapai Group):
Dear investors: Hello! The performance in the first quarter of this year is expected to increase by 310% -360% compared with the same period last year, mainly due to two reasons:
1. Benefiting from the increased investment in infrastructure and good weather conditions, the company's cement sales increased slightly compared with the same period last year, while benefiting from the decline in coal purchase prices, the company's cement manufacturing costs decreased accordingly. And basically offset the impact of the year-on-year decline in cement prices, and a series of cost reduction and efficiency enhancement measures implemented by the company since last year, such as organizational streamlining, personnel optimization, salary standard reduction and strict cost control, continued to be effective. During the reporting period, the cost continued to decline, and the profitability of the company's main business increased year-on-year; Affected
by the rebound of the stock index, the Company's securities investment realized floating profit during the reporting period. It is estimated that the non-recurring profit and loss during the reporting period will be approximately RMB90 million, as compared with RMB-62 million for the same period last year, representing a significant increase of approximately RMB152 million as compared with the same period last year. Thank you for your interest!
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