Tapai Group announced that it received the survey of Capital Securities on June 28. The main contents of the survey are as follows:
1. Please introduce the basic situation of the company's production line and the market coverage area?
Answer: At present, the company has 8 new dry-process rotary kiln cement clinker production lines, including two 10,000t/d production lines, one 5,000t/d production line and one 2500t/d production line in Meizhou base. Huizhou Longmen Base has two 4,500t/d production lines, and Fujian Longyan Base has two 4,500t/d production lines. The company's cement sales area around the three major production bases radiates to eastern Guangdong and Shenzhen, Dongguan, Huizhou, Fujian Longyan, Jiangxi Ganzhou and other areas through road transportation. According to the 2022 Annual Report disclosed by the
2、 Company, the company's management expenses decreased by 31.25% in 2022. What are the main reasons?
Answer: The main reason is that since last year, due to the macroeconomic downturn and the cumulative effect of real estate regulation, the cement market demand has decreased significantly, the supply-demand relationship has been unbalanced in stages, and the industry efficiency has declined sharply. In the face of changes in the situation of the cement industry, the Company adopted a series of measures such as streamlining the organization, optimizing the personnel, lowering the salary standard and strictly controlling the expenses, which effectively reduced the administrative expenses, and the corresponding reduction of the annual incentive salary accrued at the end of the year due to the sharp decline in net profit last year. & nbsp; & nbsp;
3. What is the approximate coal consumption per ton of clinker? Does it have advantages in the industry?
Answer: According to the Benchmarking and Benchmarking Levels of Energy Efficiency in Key Areas of High Energy Consumption Industries (2021 Edition), the benchmark level of energy efficiency of cement clinker is 100kg standard coal/ton, and the benchmark level is 117kg standard coal/ton. Over the years, the company has always attached great importance to the energy consumption management of cement clinker production lines. Two 10,000 t/d cement clinker production lines of Jiaoling Branch of the company have reached the energy efficiency benchmark level, and five 4,500 t/d or more cement clinker production lines are within the energy efficiency benchmark level. The subsidiary Xinda Rotary Kiln was selected as the energy efficiency "leader" of the national key energy consumption industry in 2019, and was rated as the energy efficiency "leader" of the cement industry in Guangdong Province in 2020; Jiaoling Branch was also rated as the advanced benchmarking enterprise of the cement industry in Guangdong Province for many times, and was rated as the energy efficiency "leader" of the cement industry in Guangdong Province in 2021. The company plans to make the energy efficiency of 5,000 t/d clinker production line reach the benchmark level as soon as possible within 2 years through technical transformation and the use of alternative fuels. & nbsp; & nbsp;
4. Please introduce the co-processing project of cement kiln?
Answer: Driven by the national low-carbon development strategy and the demand for efficient development of the cement industry, the Company closely followed the national environmental protection policy, responded to the call of the dual-carbon policy, laid out the path of carbon reduction in advance, and actively promoted the co-disposal of solid waste in cement kilns. Cement kiln co-processing project is an important measure to make full use of waste, turn waste into treasure and reduce carbon emissions. Alternative fuels using waste with high calorific value can be used as fuel to reduce the use of fossil energy, thereby reducing carbon emissions. In the future, the company plans to build alternative fuel projects for each clinker production line of 5000t/d and above to reduce total energy consumption and carbon emissions. Alternative raw materials can not only optimize ingredients, reduce part of the company's raw material procurement problems, but also increase the income of disposal costs, which is the company's key development of disposal categories. In addition to the above alternative raw materials and alternative fuels, the company will increase the categories of solid waste disposal in a way from easy to difficult, so as to maximize the income and benefits of co-disposal of solid waste in cement kilns. If the above items meet the requirements of the letter, the company will fulfill the obligation of information disclosure in a timely manner.
5. Please introduce the situation of the photovoltaic power generation project and whether the company plans to continue to expand the construction scale?
Answer: The company's photovoltaic power generation project is constructed in accordance with the principle of "self-use, surplus electricity grid", with high economic benefits. At present, a total of 123 million yuan has been invested to build a 36.72 MW distributed photovoltaic power generation system and realize grid-connected power generation by making full use of idle land, building roof and other resources in the enterprise. Affected
by the available land and building area within the red line of the plant area and the difficulty and high cost of renting land, the construction scale is not up to expectations; the energy storage project is affected by the high investment and construction cost of energy storage facilities, and the economic return is low, so it has not been formally implemented. Subsequently, the company will carry out the feasibility study on the reinforcement of the steel structure shed in the plant area for the construction of distributed photovoltaic and the construction of centralized photovoltaic in the leased site, and strive to expand the construction scale of photovoltaic power generation projects as far as possible. & nbsp; & nbsp;
6. How does the company predict the cement market in the second half of this year?
Answer: In January 2023, the Development and Reform Commission of Guangdong Province announced the situation of 1530 key projects in Guangdong in 2023, with a planned investment of about 1 trillion yuan; In early March 2023, the General Office of the Guangdong Provincial People's Government issued the Action Plan for Guangdong's Financial Support for High-quality Economic Development in 2023, which mentioned that in 2023, about 1.5 trillion yuan of financing would be provided for the stable and healthy development of infrastructure, major projects and real estate.
According to the statistical data, the pace of real estate recovery is still relatively slow, the prosperity of cement market is still not high, and the overall demand for cement tends to decline. Recently, the price of cement in the surrounding areas has fallen with the rapid callback of coal prices. In 2023, Guangdong, Guangxi and Fujian adhered to the principle of green, low-carbon and high-quality development of the cement industry, and continued to implement a strong action of normalized peak staggering production, which is conducive to further easing the contradiction between supply and demand.
At present, the downward trend of cement demand is prominent, energy prices remain high, costs remain high for a long time, and profit compression has become the norm. Improving energy efficiency and reducing cost pressure have become the key breakthrough points for cement enterprises to enhance their comprehensive strength and market competitiveness. On July 6-7,
2023, China Cement Network will hold the " 2023 China Cement Energy Conservation and New Energy Development Conference" in Chongqing, starting from energy-saving transformation, photovoltaic, energy storage and other technology applications, green power, alternative fuels to replace tradi tional energy transformation, and so on. Explore new ways of energy saving and consumption reduction in cement industry.
After the meeting, we will visit the energy-saving demonstration line of "Grade 5 to Grade 6" of Dongfang Hope Chongqing Cement Preheater.
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