塔牌集团(002233) - 2025年4月22日投资者关系活动记录表

Sales Performance - In Q1 2025, the company achieved cement sales of 3.606 million tons, an increase of 4.41% year-on-year [2] - The combined sales of cement and clinker reached 3.7103 million tons, up 2.53% year-on-year [3] - The average selling price of cement was approximately 232 RMB/ton, a decrease of about 24.5 RMB/ton year-on-year, reflecting a 9.57% decline [2] Financial Overview - The company reported a revenue of 7.42 billion RMB, a year-on-year decrease of 9.20% [2] - Net profit attributable to shareholders was 1.65 billion RMB, an increase of 10.88% year-on-year [2] - The average cost of cement was around 186 RMB/ton, down 8 RMB/ton year-on-year, a decline of 4.17% [2] Market Conditions - The cement industry showed signs of improvement, with a slight increase in sales prices due to a decrease in coal procurement costs [2] - The company benefited from a reduction in rainfall in the region, which positively impacted construction activities and cement demand [3] Strategic Initiatives - The company plans to continue its strategy of "profit as the goal, market share as the foundation" to maximize efficiency while maintaining market presence [5] - The implementation of staggered production policies in Guangdong and Fujian is expected to tighten supply, with Guangdong's clinker production lines scheduled for 95 days of downtime [5] Investment and Financial Management - The company’s financial investment structure includes 45-50% in low-risk bank deposits and certificates of deposit, and up to 20% in securities investments [7] - The company reported a significant increase in financial investment income due to favorable market conditions [7] Environmental and Regulatory Factors - The company’s environmental business revenue decreased by approximately 15%, with net profit down by about 50% due to lower disposal prices [11] - The sale of surplus carbon emission allowances from closed low-quality enterprises contributed to increased non-operating income [8] Future Outlook - The company anticipates improved operating conditions in Q2 2025, supported by rising cement prices and favorable weather conditions for construction projects [13] - Coal prices have decreased by approximately 150 RMB/ton since the beginning of the year, which is expected to lower production costs [10]