Tapai Group: Estimated Net Profit of 219 Million to 243 Million in the First Half of 2024

2024-07-09 09:30:18

Tapai Group issued a performance forecast for the first half of 2024. The net profit attributable to shareholders of the listed company during the reporting period was RMB218,586,600 to RMB242,874,000, representing a decrease of 55% to 50% as compared with the same period of last year.

On the evening of July

8, Tapai Group issued a semi-annual performance forecast for 2024. During the reporting period, the net profit attributable to shareholders of listed companies was 218.5866 million yuan to 242.874 million yuan, down 55% -50% from the same period last year; Basic earnings per share: RMB0.19 per share – RMB0.21 per share. Reasons for

performance changes:

1. The impact of the year-on-year decline in the profit of the main cement business. In the first half of this year, affected by the continuous decline in real estate investment and insufficient funds for infrastructure projects, the downstream demand for cement recovered slowly, especially after the Spring Festival, and the decline in demand for cement expanded significantly, coupled with the long-term continuous rainfall in South China in the second quarter, the construction of the project was greatly affected, further weakening the demand for cement. As a result, the contradiction between supply and demand of cement further intensified, the market competition became more intense, and the sales volume and price of cement of the Company decreased. During the reporting period, the sales volume of cement of the Company decreased by approximately 15.2% year-on-year, and the sales price of cement decreased by approximately 20.9% year-on-year. Thanks to the decline in the purchase price and labor cost of raw materials such as coal, the average sales cost of cement in the reporting period decreased by about 15% year on year, but less than the decline in the sales price of cement in the reporting period, resulting in a decline in the compr ehensive gross profit rate of the company and a corresponding decline in the profitability of the main cement industry. Combined with the impact of a year-on-year decrease of about 15.2% in cement sales during the reporting period, the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses decreased significantly during the reporting period. The impact of the year-on-year decline in non-recurring gains and losses of

2、. During the reporting period, the non-recurring profit and loss of the Company is expected to be approximately RMB42 million, representing a decrease of approximately RMB54 million as compared with the same period of last year, which is mainly due to the significant decrease in the floating profit of securities investment and the gain on disposal of assets as compared with the same period of last year.

In addition, relevant data show that the net profit of Tapai Group in the first quarter of this year was 14885 53000 yuan, down 36.07% from the same period last year. It can be seen that the net profit of Tapai Group in the second quarter declined more than that in the first quarter.

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