Tapai Group Half-Year Revenue Falls 15.3%, Net Profit Down 49.6%
Tapai Group reported a 15.3% decline in first-half revenue to RMB 1.74 billion and a 49.6% drop in net profit to RMB 219 million. The company attributed the results to weak cement demand due to prolonged heavy rain in South China and intensified market competition. Cement and clinker sales volume fell 11.84%, while cement prices dropped 5.72%.
Tapai Group released its interim performance report, achieving total operating revenue of RMB 1.74 billion in the first half, down 15.3% year-on-year; net profit attributable to shareholders of the listed company was RMB 219 million, down 49.6%; basic earnings per share were RMB 0.19.
In the first half, affected by the overall industry environment, coupled with persistent and widespread heavy rainfall in South China in the second quarter, the effective construction period in the region was significantly shortened, cement demand continued to weaken, supply-demand conflict intensified, and market competition became fiercer. During the reporting period, the company's 'cement + clinker' sales volume fell 11.84% year-on-year, and cement prices declined 5.72%.
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