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查看PDF原文研报日期：2020-03-21
塔牌集团(002233) Company Profile GUANGDONG TAPAI GROUP CO., LTD. is a China-based company, principally engaged in themanufacture and distribution of Portland cement and ready-mixed concretes. The Companydistributes its products mainly under four brands, including TA PAI, YUE TA, HENG TA and JIAYING. ItsPortland cement is applied in the infrastructure construction of highways, hydropower dams,railways, airports and others. The Company is also engaged in electric power generation, as well assales of mineral ores, clinkers, concretes and tubular piles. It distributes its products principally inSouth China and Eastern China. (Source: Reuters) Investment Highlights Event: Guangdong Tapai Group (the company) disclosed its annual financial reports of 2019: itsoperating revenue was CNY 6.89 bn with a 3.90% YoY growth; its net profit attributable toshareholders was CNY 1.73 bn with a 0.6% YoY growth; its net profit attributable to shareholders afternon-recurring items was CNY 1.49 bn with a 7.99% YoY decline, implying an EPS of CNY 1.45. Thecompany intended to pay cash dividend of CNY 5.5 (pre-tax) every ten shares to all shareholders. Price stabilized, output increased and per-ton profit fell. In 2019, the company registered a cement output of 19.28 mn tons with a 6.74% YoY growth and sold19.39 mn tons with a 8.01% YoY growth. The average price of cement clinker was CNY 340 per ton,registering a YoY growth of CNY 3 per ton; its gross profit was CNY 130 per ton, posing a YoY decline ofCNY 14. During the reporting period, Expenses per ton were CNY 26, rising by CNY 3 on YoY basis andnet profit per ton (excluding investment income) reached CNY 77 with a CNY13 YoY drop. The regional inventory was slightly higher than the same period of last year and so did the price. Since 2020, affected by delayed work resumption, the cement demand in the region where thecompany is located had a poor performance. As of last weekend, reservoir capacity of cement inmiddle a……[Industrial Securities Co., Ltd][点击查看PDF原文] 今日最新研究报告
提示：本文属于研究报告栏目，仅为机构或分析人士对一只股票的个人观点和看法，并非正式的新闻报道，本网不保证其真实性和客观性，一切有关该股的有效信息，以沪深交易所的公告为准，敬请投资者注意风险。 转载自: 002233股吧 http://002233.h0.cn
公司名称：塔牌集团
股票代码：sz002233
市场类型：中小板
上市日期：日
所属行业：水泥
所属地区：广东
公司全称：广东塔牌集团股份有限公司
英文名称：Guangdong Tapai Group Co., Ltd
公司简介：塔牌集团公司是一家以水泥为主业的集团公司，经过多年发展，公司已建成广东梅州、惠州，福建龙岩等几大水泥生产基地，水泥生产规模大。公司新建投产的10000t/d新型干法熟料水泥生产线，是行业单位产能大、能源消耗最低、环境污染小、资源利用率和劳动生产率高...
注册资本：11.9亿
法人代表：何坤皇
总 经 理：何坤皇
董 秘：赖宏飞
公司网址：www.tapai.com
电子信箱：gdtpzhp@126.com
