塔牌集团(002233) - 2025年8月27日投资者关系活动记录

Dividend Policy and Shareholder Returns - The company plans to distribute a cash dividend of 4.5 CNY per 10 shares for 2024, representing 99.74% of the net profit for that year [1][2] - The rationale for the high dividend includes regulatory guidance on cash dividends, strong cash reserves, low debt levels, and positive feedback from institutional investors [2][3] - The dividend strategy aims to enhance the stability, sustainability, and predictability of cash dividends, making the stock more attractive to investors [2][3] Market Performance and Sales Outlook - Cement sales in July and August were affected by seasonal factors, with demand remaining stable year-on-year but declining compared to June [3][4] - The company aims to achieve a sales target of over 16.3 million tons of cement and a net profit of over 530 million CNY for 2025 [4] - The first half of 2025 saw a 10.90% increase in "cement + clinker" sales, totaling 8.11 million tons [4] Production Policies and Market Conditions - The staggered production policy for 2025 includes 95 days of shutdown in Guangdong, 160 days in Guangxi, and 170 days in Fujian, effectively reducing supply and supporting prices [5][6] - Recent weather conditions have delayed price increases in the Pearl River Delta, but prices are expected to stabilize as the sales season begins in September [6] Investment Strategy and Securities - The company has approved a securities investment budget of 1.3 billion CNY for 2025, focusing on low-risk investments such as government bonds and quantitative products [7][8] - The investment strategy emphasizes risk control and stability, with a commitment to maintaining a reasonable investment scale and avoiding significant fluctuations in performance [8]