of February 28, Guangdong Tapai Group Co., Ltd. (Hereinafter referred to as Tapai Group or the Company) disclosed its performance report, which showed that in 2023, the Company achieved a cement sales volume of 17.6316 million tons, down 3.46% from the same period last year; The sales volume of clinker was 888,000 tons, which was basically the same as that of the same period last year. The operating income was 5.535 billion yuan, which was 8.29% lower than that of the same period last year; The total profit and net profit attributable to shareholders of listed companies were 976 million yuan and 742 million yuan respectively, up 155.95% and 178.55% respectively from the same period last year.
In 2023, the demand for cement declined, the competition became increasingly fierce, the price of cement continued to fall, and the efficiency of the industry declined sharply. In view of the new situation and new changes in the cement industry, the company firmly takes economic benefits as the center, takes safety, quality and environmental protection as the premise, further consolidates market share and strengthens cost reduction and efficiency enhancement. Continuously and solidly promote the work of reducing costs and increasing efficiency internally, continuously reduce product costs, and superimpose the impact of coal price decline, the average sales cost of cement of the company decreased by 16.41% year on year; External marketing work was strengthened, precise policies were implemented, and the company's market share was continuously consolidated. The average sales price of cement decreased by 5.14% year-on-year, which was less than the average sales cost of cement. The comprehensive gross profit rate increased by 9.28 percentage points year-on-year, and the profitability of the main cement industry improved significantly year-on-year. At the same time, affected by the reduction of floating losses in securities investment, non-recurring gains and losses during the reporting period increased by 155 million yuan over the same period last year, which led to a significant increase in operating profit, total profit and net profit attributable to shareholders of listed companies during the reporting period. The
cement industry has serious overcapacity, the impact of peak staggering production on the supply side has declined significantly, the "competition and cooperation relationship" formed over the years has broken down, and the pressure of industry operation has doubled. Tapai Cement is a rare enterprise that has achieved the goal of advancing bravely and upstream in the predicament. How should
the whole cement industry get out of the predicament and face the new cycle? On March 28-29, China Cement Network will hold the "13th China Cement Industry Summit and TOP100 Award Ceremony" in Hangzhou, during which awards will be given to top 100 cement and supplier enterprises, and experts and scholars will be invited. China Railway and other construction units jointly discuss the new development trend of the cement industry in the future, and work together to create the future!
