Guangdong Tapai Group Co Ltd002233
▼ NegativeDemandrelevance
Cement demand weakened due to heavy rainfall and industry environment, with sales volume down 11.84% and prices down 5.72%.
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Guangdong Tapai Group Co LtdTapai Group released its preliminary earnings report, showing first-half total operating revenue of 1.742 billion yuan, down 15.3% year-on-year. Net profit attributable to shareholders of the listed company came in at 219 million yuan, a decline of 49.6%, with basic earnings per share of 0.19 yuan. The company said that due to the broader industry environment, coupled with persistent and widespread heavy rainfall across southern China in the second quarter, effective construction hours in the region were significantly reduced. Regional cement demand continued to weaken, intensifying the supply-demand imbalance and making market competition increasingly fierce. During the reporting period, the company's combined sales volume of cement and clinker fell 11.84% year-on-year, while cement prices dropped 5.72%.
Guangdong Tapai Group Co LtdCement demand weakened due to heavy rainfall and industry environment, with sales volume down 11.84% and prices down 5.72%.