Tapai Group (002233) responded to investors' concerns on the Investor Relations Platform on May 30.
Investor: I am concerned that your company is not short of cash flow. What is the basis for considering selling two complete cement grinding production lines with an annual output of 700,000 tons in Meinan Town, Meixian District, Meizhou City, Guangdong Province? Secretary of the Board of Directors
of Tapai Group: Dear Investors: Hello! Since 2022, cement demand has fallen sharply, industry profits have fallen sharply, and it is expected that the downward trend of cement demand will be difficult to reverse in the future. In order to further revitalize assets, improve quality and efficiency, and achieve high-quality development, the company will gradually shut down and dispose of inefficient production capacity and low-quality enterprises with poor profitability, backward technology and poor competitiveness. Hengfa Building Materials belongs to this kind of enterprise, which accounts for a small proportion of the company's total production capacity, and the clearance of this kind of inefficient production capacity will not affect the realization of the company's annual production and marketing target. Thank you for your interest!
It is reported that Tapai Group has publicly announced the disposal of assets of Hengfa Building Materials Co., Ltd. in Meixian District, Meizhou City. Located in Meinan Town, Meixian District, Meizhou City, Guangdong Province,
the company has two complete cement grinding production lines with an annual output of 700,000 tons. Tapai intends to dispose of the assets of the company by way of overall sale, mainly but not limited to land, plant material warehouse and other buildings and structures, production equipment and related spare parts, special railway lines (two tracks and related infrastructure) and other materials.
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