塔牌集团(002233) - 2024年11月15日投资者关系活动记录表

Group 1: Resource Management - The company maintains a high level of limestone resource reserves, ensuring long-term production needs [1] - Limestone self-sufficiency rate can reach 100%, but a small portion of limestone is purchased for quality and cost efficiency [1] Group 2: Shareholder Returns - The company plans to enhance cash dividends based on factors such as "New National Guidelines" for market value management and stable cash returns [2] - The company has sufficient funds and a low debt ratio, enabling a high cash dividend capability [2] - Annual depreciation exceeds 500 million, while future capital expenditures are estimated at 200-400 million, allowing depreciation to cover capital needs [2] - The high dividend plan implemented in 2023 received positive feedback from institutional investors [2] Group 3: Market Pricing and Strategy - The company recently increased cement prices in the Guangdong East market, driven by rising prices in surrounding markets, particularly Fujian [2] - 75% of the company's production capacity is concentrated in the Guangdong East market, with plans to adjust sales strategies based on demand recovery and market competition [2] Group 4: Future Plans and Investments - The company aims to strengthen its core cement business and does not rule out mergers and acquisitions to expand its scale [4] - Future capital expenditures are planned at 200-400 million annually, focusing on technological upgrades, environmental projects, and safety improvements [4]