Guangdong Tapai Group Co Ltd

In the first half of 2026, domestic cement industry performance generally declined, and overseas business became a breakout lever for a few companies. Tapai Group, which has disclosed its half-year report, posted operating revenue of 1.742 billion yuan, down 15.3 percent year on year, and net profit attributable to the parent of 219 million yuan, down 49.6 percent year on year. Qingsong Jianhua posted operating revenue of 1.574 billion yuan, down 11.05 percent year on year, and net profit attributable to the parent of 124 million yuan, up 13.19 percent year on year. Huaxin Cement expects first-half net profit attributable to the parent of 1.65 billion to 1.76 billion yuan, up 50 to 60 percent year on year, mainly benefiting from high prosperity in overseas markets such as Africa and Central Asia. Analysts pointed out that the current price increases are mainly forced by high coal prices and large-scale industry losses, demand has not yet substantially recovered, room for cement price rebounds in the second half of the year is limited, and the foundation for industry profit recovery is fragile.

Tapai Group released its 2026 interim report, with net profit attributable to the parent company at 219 million yuan, a decline of 49.60% compared to the same period last year. The company's total operating revenue was 1.742 billion yuan, down 15.30% year-on-year. Net cash inflow from operating activities was 171 million yuan, up 26.64% year-on-year. The latest asset-liability ratio is 9.43%, gross margin is 23.41%, ROE is 1.87%, and diluted earnings per share is 0.19 yuan.

Tapa Group released its 2026 semi-annual report, showing first-half net profit attributable to the parent of 219 million yuan, a sharp year-on-year decline of 49.60 percent, nearly halved. The company achieved operating revenue of 1.742 billion yuan, down 15.30 percent year-on-year, mainly due to the combined impact of a 13.47 percent drop in cement sales volume and a 5.72 percent decline in average selling price. During the reporting period, the average cement sales cost fell 4.92 percent year-on-year, but the decline was smaller than the drop in selling price, causing the overall gross margin to narrow by 0.85 percentage points to 23.41 percent. In addition, non-recurring gains and losses decreased by 124 million yuan year-on-year, further dragging down net profit performance. The company plans to distribute a cash dividend of 1.3 yuan per 10 shares, with an estimated total payout of 153 million yuan.

Tapai 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%.