Tapai Group: Net profit in the first three quarters is expected to increase by 470% -510% over the same period last year!

On October 11, Guangdong Tapai Group Co., Ltd. issued a performance forecast for the first three quarters of 2023.

The report shows that in the first three quarters, Tapai Group is expected to achieve net profit of about 596 million yuan to 638 million yuan, an increase of 470% to 510% over the same period last year, and basic earnings per share of 0.51 yuan to 0.55 yuan. In the third quarter, the net profit attributable to shareholders of listed companies is expected to be about 111 million yuan to 152 million yuan, turning losses into profits year on year; basic earnings per share is 0.09 yuan to 0.13 yuan. According to

the report, benefiting from the decline in coal prices in the current period and the sustained effectiveness of a series of cost-reducing and efficiency-increasing measures implemented by the company, such as strengthening cost control, continuing to streamline the organization and optimize personnel, establishing and improving a flexible salary system, and actively clearing inefficient production capacity, the company's cement manufacturing costs have declined year on year, and the cost of cement production has increased. The decline was greater than the year-on-year decline in cement prices , and the profitability of the main cement industry improved year-on-year. Affected by the rebound of stock index, the company's securities investment realized floating profit in the first three quarters. It is estimated that the non-recurring profit and loss will be about 98 million yuan, compared with-102 million yuan in the same period last year, a significant increase of about 200 million yuan over the same period last year.