Tapai Group: Net Profit in the First Half of the Year Is Expected to Increase by 160% -190% over the Same Period Last Year

Tapai Group issued a performance forecast on the evening of July 12, predicting a net profit of 454 million yuan to 507 million yuan in the first half of the year, an increase of 160% to 190% over the same period last year. During the reporting period, benefiting from the decline in coal prices, the Company's cement manufacturing costs decreased as compared to the same period last year, and the profitability of the main cement business improved as compared to the same period last year. The Company's securities investment realized floating profit, and it is expected that the non-recurring profit and loss during the reporting period will be approximately RMB96 million, representing a significant increase of approximately RMB127 million as compared to the same period last year.