Tapai Group: Net profit of 226 million yuan in the first half of the year, down 53.43% year-on-year

Tapai Group released the semi-annual performance report of 2024 on July 30. In the first half of the year, it achieved a total operating income of 1.976 billion yuan, down 31.17% year-on-year; the net profit attributable to shareholders of listed companies was 226 million yuan, down 53.43% year-on-year; the basic earnings per share was 0.19 yuan. In the

first half of this year, both the sales volume and price of cement of the Company decreased. During the reporting period, the sales volume of cement of the Company decreased by 15.20% and the sales price of cement decreased by 20.91% year-on-year. Thanks to the decrease in the purchase price and labor cost of raw materials such as coal, the average sales cost of cement in the reporting period decreased by 14.67% compared with the same period last year, but less than the decrease in the sales price of cement in the reporting period, which made the comprehensive gross profit rate of the company decrease from 27.91% in the same period last year to 24.08%, a decrease of 3.83 percentage points. The profitability of the main cement industry declined year on year.