Tapai Group was investigated by institutions on the 22nd. The details are as follows:
1. According to the semi-annual report disclosed this year, the benefits of the cement industry have declined sharply, and the company has made outstanding achievements in the first half of the year. What are the main reasons?
Answer: In the first half of this year, in view of the new situation and new changes in the cement industry, on the one hand, the company strengthened the control and construction of the market side, responded scientifically and implemented precise measures to further consolidate the company's market share; On the other hand, we will continue to strengthen internal management, firmly promote cost reduction and efficiency enhancement, strengthen cost control, deepen benchmarking, strengthen research and judgment on coal price trends and optimize procurement rhythm, continue to streamline institutions and optimize personnel, establish and improve flexible salary system, continuously reduce production costs and reduce operating costs, and accelerate solid waste projects. Gradually clear inefficient production capacity and shut down low-quality enterprises, help the company to slim down and go into battle lightly, and further enhance the competitiveness of the company. In the first half of this year
, the company's cement sales increased by 12.51%, the coal purchase price decreased by 20.07%, the average cost of cement sales decreased by 12.36%, and the company's comprehensive gross profit rate increased from 20.44% to 27.91%. Increased by 7.47 percentage points, the profitability of the main business improved significantly year on year, and combined with the floating profit of the company's securities investment in the first half of the year, the non-recurring profit and loss increased by 127 million yuan year on year, which led to a substantial increase of 178.03% in the first half of this year compared with the same period last year.
2. We are concerned that the price of cement in the East China market has begun to rise. May I ask whether the price of cement in the regional market sold by the company has risen, and how about the shipment volume?
Answer: July-August is the typhoon season in eastern Guangdong where the company is located, which is the off-season of the cement market. At the same time, due to the increase in rainfall, the navigation capacity of the Xijiang River has been enhanced, the cement transported from Guangxi to the Pearl River Delta regional market through the Xijiang River has increased, and the impact of foreign cement has increased. While the demand for cement is still low, the price of cement continues to fall. The next fourth quarter is the traditional peak season for cement sales in the southern region, and we predict that the cement sales situation will be improved.
3. We are concerned that the national and local policies have issued a series of policies to support the healthy and stable development of real estate. What is the company's view on the recovery of the real estate market?
Answer: It will take some time for the real estate regulation and optimization policy to be effective. According to the current relevant statistics, the real estate is still in the bottom adjustment stage, the real estate investment continues to decline, the shortage of project funds is serious, the number of new projects is less, and the construction progress is slow, resulting in a weak recovery of the national cement demand. And the overall demand for cement tends to decline.
4. What is the company's plan for aggregates?
Answer: Aggregate is a resource industry, and it is also closely related to the real estate industry. At present, the aggregate involved by the company is mainly the aggregate business developed by relying on the advantages of its own limestone waste rock resources. Guangdong Huaxinda Building Materials Technology Co., Ltd., a joint venture in which the company holds 45% of the shares, has a design capacity of 4 million tons of aggregate per year, and the raw materials come from the waste rock of Wenhua Mine, a wholly-owned subsidiary of the company. The company is preparing to build an aggregate production line with a planned capacity of 2 million tons per year, which is expected to be completed and put into operation by the end of this year.
5. Does the company plan to merge in the future?
Answer: The company is committed to strengthening and refining the main cement business, and continuously consolidating the advantages of the company's regional cement leading enterprises through solid promotion of cost reduction and efficiency enhancement, strengthening market construction, green transformation and intelligent upgrading. In the future, it is not excluded to further expand and strengthen the main cement business through acquisition and merger. The preconditions mainly depend on the market supply and demand situation, resource endowment conditions, transaction price, synergy effect and other factors of the target.
6. What is the capacity utilization rate of the company?
Answer: According to the peak-shifting production plan of the industry in 2023 and the actual situation of the enterprise, the target cement production and sales volume in the production and operation plan of 2023 formulated by the Company is more than 17.5 million tons. It is expected that the annual capacity utilization rate of the Company will continue to maintain a high level.
7. How does the company view the cement market next year?
Answer: According to the relevant data of cement demand, the demand for cement has been declining turning point. Next year, the demand for cement will mainly depend on the pace of recovery of real estate. It is expected that the pull of infrastructure construction on the demand for cement will gradually weaken. At the same time, the competition in the regional cement market also depends on the off-peak production situation of the cement industry in various regions next year.
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