Tapai Group's sales of "cement + clinker" increased by 10.9% in the first half of the year

Recently, Tapai Group issued a notice disclosing its acceptance of a survey by investors such as Shanghai Pudong Development Bank Co., Ltd. on August 7, 2025. Lai Hongfei and Song Wenhua, directors of the company, participated in the reception and answered the questions raised by investors in detail. The survey focused on the company's business situation, future development plans and industry trends in the first half of 2025, fully demonstrating the company's operating results and coping strategies in a complex market environment.

Q: According to the Semi-annual Report 2025 disclosed by the company, the sales volume of "cement + clinker " in the first half of the year was much better than that in the national and Guangdong markets, and the company achieved growth against the market. What are the main reasons?

Answer: According to the data of the National Bureau of Statistics and Guangdong Cement Industry Association, in the first half of 2025, the national cement output decreased by 4.3% year-on-year, the cement consumption in Guangdong Province decreased by 4.95% year-on-year, and the overall demand of the industry still showed a downward trend. However, the decline was narrower than same period in 2024. In

this context, in the first half of this year, the company's "cement + clinker" sales volume was 8.1059 million tons, up 10.90% from the same period last year, and the sales volume achieved a counter-market growth, on the one hand, thanks to the suitable climate for construction activities in the market area where the company is located. In the same period of last year, especially in the second quarter, the Company's cement sales base was relatively low due to the continuous rainfall in the market area where the Company is located and the impact of the "June 16" torrential rain and flood in Jiaoling. On the other hand, in the first half of the year, the off-peak production of cement in Fujian around eastern Guangdong was well implemented, which reduced the low-price cement in eastern Guangdong, enhanced the competitiveness of the Company's cement products and filled part of the market space.