Recently, Tapai Group issued a record of investor relations activities, introduced the basic situation of the group's annual report in 2023, and answered investors'questions about profit distribution and future development.
In 2023, the Company achieved a cement sales volume of 17.6316 million tons, representing a decrease of 3.46% as compared with the same period of last year, a clinker sales volume of 888,000 tons, basically the same as the same period of last year, and a total cement and clinker sales volume of 18.5196 million tons, representing a decrease of 3.3% as compared with the same period of last year; The operating income was 5.535 billion yuan, down 8.29% from the same period last year; the net profit attributable to shareholders of listed companies was 742 million yuan, up 178 from the same period last year.
From the single quarter data of Q4 in 2023, the sales volume of Q4 cement was 5.16 million tons, an increase of about 900,000 tons on a month-on-month basis; The price of cement per ton is 254 yuan/ton (excluding tax), which is 4 yuan/ton lower than the previous month. The month-on-month decline in the price of Q4 tons of cement was mainly due to the abundant rainfall in Q4 Guangxi, the high water level of the Xijiang River and the high navigation capacity. Guangxi transported more cement to the Pearl River Delta through the Xijiang River waterway, which had a great impact on the price of cement in the Pearl River Delta.
From the data point of view, the company's operation in 2023 is better than that of the industry. First, the decline in cement production and sales is less than the average level of the national cement industry and the same industry in Guangdong Province, mainly because the company has taken a series of measures to actively respond to the impact of the rapid decline in market demand and intensified competition, further consolidating the market share; Second, the net profit has achieved a substantial increase against the market, which is better than the 50% year-on-year decline in the total profit of the national cement industry. In addition to the low year-on-year base caused by the decline of the company's net profit in 2022, which is greater than the decline of the industry's profit, and the implementation of precise and effective marketing policies during the reporting period, it is mainly due to the company's initiative to adapt to market changes. We continued to make solid progress in cost reduction and efficiency enhancement and achieved the expected results, and superimposed the impact of the significant year-on-year increase in non-recurring gains and losses during the reporting period.
1、 from the company just disclosed the 2023 profit distribution plan, the company's dividend ratio is close to 80%, a record high, what is the main reason, whether the future is sustainable? To sum up, in order to further enhance investors'sense of acquisition and enhance investors' confidence in the company, the company increased the dividend ratio in 2023, hoping to enhance investors' returns by increasing the dividend ratio. In fact, the company has always attached great importance to the return of investors, in the past few years, the company's annual cash dividend has maintained a high proportion, basically around 60%.
In the future, the company will continue to consider comprehensively, continue to implement a sustainable, stable and predictable cash dividend policy, further enhance the return of investors, let investors share the company's operating results, and continuously improve the company's investment value.
2、 from the annual report of 2023, the income and cost of environmental protection disposal business have increased greatly. Can you introduce the situation of the company's environmental protection disposal business? In 2023, the contribution of environmental protection business to the net profit of the Company increased year by year. The Company mainly operated the sludge disposal project of Huita Environmental Protection and the aluminum ash disposal project of Jiaoling Branch, and the disposal volume increased steadily. The project of co-processing solid waste in
cement kilns has the advantages of less investment in facilities, lower disposal costs and more thorough disposal, which is more competitive and still has great potential. In the next step, the company will further accelerate the construction of solid waste projects, expand the scale of disposal, increase the category of disposal, continuously expand the revenue and profit scale of the environmental protection industry, and form a certain volume and sustainable performance growth point. The