On October 25, Tapai Group released the record of investor relations activities, and the details of the questioning session are as follows:
1. The company's performance in the first three quarters of this year increased by 487.3%, while the real estate industry continued to decline in the first three quarters, and the demand for cement continued to shrink. What is the reason for the company's outstanding achievements?
In this regard, the company actively responded, strictly implemented the industry peak staggering production, strengthened market control and implemented precise policies to further consolidate the company's market share. However, due to the impact of more typhoon rain in the third quarter, the growth rate of sales volume was narrower than that in the first half of the year;
Secondly, a series of cost-reducing and efficiency-increasing measures implemented by the company, such as strengthening cost control, continuing to streamline institutions and optimize personnel, establishing and improving flexible salary system, and actively clearing inefficient production capacity, have been effective, and the company's cement sales cost has declined year-on-year, and the decline is greater than that of cement sales price. The profitability of the main cement industry has been improved. At the same time, the company's non-recurring gains and losses in the first three quarters increased significantly by 2.
3. The company's quarterly report shows that the non-recurring profit and loss in the first three quarters of this year increased by 202 million yuan compared with the same period last year, and the company's book currency capital and trading financial assets totaled more than 4 billion yuan. What is the company's future thinking in securities investment? What is the purpose of keeping sufficient cash and how to improve the return of capital? Will cash dividends be increased in the future? The reason was that the Company recorded floating profit in securities investment in the current period, while there was a large amount of floating loss in the same period last year, and the amount of floating loss was-1.
The Company will continue to maintain a cautious attitude in securities investment, and the general idea is still to continue to reduce the scale of securities investment, at the same time, the Company will continue to strengthen the investment risk management, and optimize the investment targets and outsourcing investment institutions. Regularly eliminate the fittest, continuously improve investment returns, and reduce the impact of fluctuations in securities investment on the company's performance.
The Company retains sufficient cash flow to cope with the severe changes in the cement industry, to ensure a smooth winter through the industry cycle; to grasp the possible merger and reorganization opportunities; and to plan for the development of new industries. For the cash assets of the Company, the Company mainly allocates assets in accordance with the principle of maintaining reasonable liquidity and controllable risk. Most of the deposits and capital-guaranteed wealth management products with low risk and good liquidity are allocated to improve the level of capital returns and enhance the profitability of the Company.
The company's dividend policy has not changed. Recently, the regulatory authorities intend to revise the relevant provisions of "Guidelines for the Supervision of Listed Companies No.3-Cash Dividends of Listed Companies" and "Guidelines for the Articles of Association of Listed Companies" and solicit opinions from the public, so as to guide listed companies to further improve the level of dividends, increase the frequency of dividends, standardize the behavior of dividends, and improve them. The proposed revision of the new regulations will focus on companies with more financial investment but low dividend level, and the company will continue to improve investor returns in accordance with the requirements of the revised new regulations.
4. From January to September, the sales volume of cement increased slightly. Is the adverse growth driven by demand? Which part of the demand mainly comes from? The decline in demand for cement is mainly affected by the continuous adjustment of real estate, and it is expected that the demand for cement will continue to decline in the future. From January to September
2023, the Company achieved a cement sales volume of 12,466,200 tons, representing an increase as compared with the same period of last year. 2. The increase in sales volume was mainly due to the infrastructure and rural markets, which was mainly due to the Company's precise implementation of policies and the implementation of practical and effective marketing strategies, which achieved a slight increase in sales volume and further consolidated the market share.
5. How does the region where the company is located feel about the recovery of the real estate market? Recently, real estate regulation and optimization policies have been introduced around the country, but the policy transmission takes time, and it is expected that the effects of various optimization policies will gradually emerge when they accumulate to a certain extent.
6. What is the latest progress of the company's photovoltaic power generation project? The
company's construction plan for photovoltaic power generation projects is to "build as much as possible". At present, the company is planning and accelerating the construction of distributed photovoltaic power generation projects on the roof of raw material shed in cement production enterprises. It is expected that the installed capacity of photovoltaic power generation will increase substantially. At the same time, the company is planning the construction of energy storage projects on the user side of cement enterprises to further reduce the company's electricity costs.
7. What is the company's plan for aggregates? What is the current production capacity? How much profit is contributed? 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 or early next year.
The company's aggregate project is mainly positioned to digest the waste rock of its own limestone mine, contributing a relatively small proportion of revenue and net profit.
8. What is the current delivery situation of the company? Has the price increase started? The sales price of cement is still relatively stable at present, and it is expected that the price of cement will stabilize and rebound under the background of rising coal prices.
9. How does the company view the proposal of the State Council on increasing the issuance of treasury bonds to support post-disaster recovery and reconstruction and enhance disaster prevention, mitigation and relief capabilities, which was deliberated and approved at the sixth meeting of the Standing Committee of the 14th National People's Congress on October 24? Eastern Guangdong is a coastal area and also a mountainous area with a large infrastructure of water conservancy facilities, which is expected to benefit from trillions of treasury bonds. At the same time, the issuance of trillions of treasury bonds may also stimulate social investment, promote the further increase of various construction projects, and stimulate the demand for cement.
11. How did the number of employees change in the first three quarters of this year? What is the level of capacity utilization? On the one hand, this year, according to the changes in the situation of the cement industry and the utilization of subsidiary production capacity, the company has gradually cleared the inefficient production capacity, shut down two grinding enterprises, Hengfa Building Materials and Hengta Rotary Kiln, terminated the labor contract with the employees of these two enterprises, and compensated the employees economically in accordance with laws and regulations; On the other hand, according to the progress of enterprise automation and intellectualization, the number of personnel is gradually reduced and the number of personnel is continuously streamlined. The closure
of Hengfa Building Materials and Hengta Rotary Kiln will not affect the realization of the company's cement sales target, and it is expected that the company's annual capacity utilization rate will continue to maintain a high level.
12. How does the company look forward to the cement market in the fourth quarter or next year? Ccement. Com/brandnewslist-1-1000068.
According to the data related to cement demand, the demand for cement has declined turning point. Next year, the demand for cement will mainly depend on the pace of recovery of real estate. The issuance of trillion treasury bonds can further strengthen the role of infrastructure in stimulating cement demand. 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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