TSC(SZ:000877)2024-08-30 12:42Group 1: Company Performance Overview - In the first half of 2024, the company sold 9.444 million tons of cement, a year-on-year decrease of 11.68% [1] - The sales of clinker reached 1.159 million tons, down 21.30% year-on-year [1] - The company achieved an operating income of 39.7 billion CNY, a decline of 25.72% compared to the same period last year [2] - The net profit attributable to shareholders was -3.4 billion CNY [2] Group 2: Cost Control and Efficiency Improvements - The company successfully reduced sales costs for cement and clinker by 40 CNY/ton and 61 CNY/cubic meter, respectively [2] - The comprehensive energy consumption for clinker production decreased to 100.69 kg per unit [3] - Financial expenses for the first half of 2024 were 1.8 billion CNY, down 8.8% year-on-year [2] - Capital expenditures decreased by 33% year-on-year [2] Group 3: International Expansion and Development - The company is advancing its internationalization strategy, with a focus on mergers and acquisitions [2] - A successful agreement for a cement acquisition project in Tunisia will add approximately 1.5 million tons of overseas cement capacity [3] Group 4: Green Development Initiatives - The company aims to reduce carbon emissions through raw material substitution, achieving a reduction of approximately 1.1234 million tons of CO2 [3] - The company has implemented 19 photovoltaic projects with a total installed capacity of 79,800 KW [3] - The company is committed to a "dual carbon" development plan, focusing on energy transition and product innovation [3] Group 5: Shareholder Returns and Future Outlook - The company has committed to a dividend payout ratio of no less than 50% of net profit attributable to shareholders from 2021 to 2024 [3] - In the first half of 2024, the company distributed cash dividends totaling over 989 million CNY, with a dividend payout ratio of 50.26% [3] - The company anticipates improved demand for cement in the second half of 2024 due to infrastructure investments [4]