Tapai Group: Net profit of 536 million yuan in 2024, down 27.69% year-on-year

Tapai Group disclosed the 2024 annual performance report, the company achieved 15.8591 million tons of cement sales, down 10.05% from the same period last year; achieved 733100 tons of clinker sales, down 17.44% from the same period last year; The operating income was RMB4.278 billion, representing a decrease of 22.71% as compared with the same period of last year. The total profit and the net profit attributable to the shareholders of the listed company were RMB706 million and RMB536 million, respectively , representing a decrease of 27.64% and 27.69% as compared with the same period of last year. In

2024, affected by the continuous decline in cement demand and intensified competition, the company's cement sales decreased by 10.05% year-on-year, and the average sales price of cement decreased by 16.14% year-on-year. Affected by the decrease in the purchase price of raw materials such as coal and labor costs, the average sales cost of cement of the company decreased by 9.34% year on year, the decrease in cost was less than decrease in selling price, the comprehensive gross profit rate decreased by 4.14 percentage points year on year, and the profitability of the main cement industry declined year on year.