Tapai Group: Net Profit in 2022 Is Expected to Decrease by 83% -88% over the Same Period Last Year

Tapai Group (002233) issued a performance forecast on the evening of January 13, predicting a net profit of 220 million yuan to 312 million yuan in 2022, down 83% to 88% from the same period last year. Influenced

by the epidemic situation and the cumulative effect of real estate regulation, the cement market demand has been significantly reduced, and the supply-demand relationship has been seriously unbalanced, resulting in a large decline in cement prices in various regions . During the reporting period, the sales volume of cement of the Company decreased by approximately 8% year-on-year, and the sales price of cement decreased by approximately 18% year-on-year. Meanwhile, due to the impact of the year-on-year increase in the purchase price of coal, the sales cost of cement of the Company increased by approximately 9% year-on-year during the reporting period, resulting in a significant decrease in the comprehensive gross profit margin of the Company and a significant decrease in the level of profitability.