塔牌集团(002233) - 2019年7月4日投资者关系活动记录表

Group 1: Company Performance - In 2018, the company's cement production reached 18.07 million tons, with sales of 17.95 million tons, representing year-on-year growth of 17.40% and 15.74% respectively [2] - The company achieved operating revenue of 6.63 billion yuan, an increase of 45.27% compared to the previous year [2] - The net profit attributable to shareholders was 1.72 billion yuan, marking a significant increase of 138.70%, the highest in the company's history [3] - In Q1 2019, cement production was 3.85 million tons, with sales of 3.80 million tons, reflecting growth of 14.32% and 25% year-on-year [3] - The operating revenue for Q1 2019 was 1.38 billion yuan, up 12.58% from the previous year, with a net profit of 425 million yuan, a 14.45% increase [3] Group 2: Market Outlook - The Guangdong cement market is expected to see sustained demand due to infrastructure projects driven by the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan" [4] - Despite a slowdown in the real estate market, infrastructure and rural construction investments are projected to maintain high growth rates, leading to a slight increase in cement demand in Guangdong [4] - The supply side in Guangdong is not expected to meet market demand, with strict implementation of peak-shaving production policies and environmental regulations [4] Group 3: Future Developments - The second phase of the company's 10,000-ton line project started in June 2018 and is expected to complete the cement grinding system by July 2019 and the entire system by December 2019 [4] - There will be no new cement production capacity in Guangdong in the coming years, with the province's clinker capacity target set at 110 million tons [5] - The company aims to refine its core cement business while accelerating the development of emerging industries and seeking quality financial and industrial investment projects [5]