（文章来源：证券日报） 证券日报网讯 2月2日，塔牌集团发布公告称，截至2026年1月30日，公司通过股票回购专用证券账户以 集中竞价交易方式累计回购股份611.77万股，占公司总股本的0.5131%。 ...

证券代码：002233 证券简称：塔牌集团 公告编号：2026-005 广东塔牌集团股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 广东塔牌集团股份有限公司（以下简称"公司"）于 2025 年 8 月 6 日召开的第六届董事 会第十九次会议逐项审议通过了《关于回购公司股份的议案》，同意公司使用自有资金以集中 竞价方式从二级市场回购公司股份用于实施员工持股计划，本次回购股份资金总额为不超过 10,000 万元（含）且不少于 5,000 万元（含），回购价格不超过 10 元/股，回购的期限为自董 事会审议通过回购方案之日起 6 个月内。 公司于 2025 年 8 月 13 日披露了《回购报告书》（公告编号：2025-038），分别于 2025 年 9 月 3 日、2025 年 10 月 10 日、2025 年 11 月 4 日、2025 年 12 月 3 日、2026 年 1 月 6 日披 露了《关于回购公司股份的进展公告》（公告编号：2025-039、2025-044、2025-049、2025-054、 2026-00 ...

Group 1 - The cement sector experienced a decline of 4.27% on February 2, with Tianshan Shares leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] - Key individual stock performances in the cement sector included: - Tianshan Shares (code: 000877) down 9.89% to 5.10 [2] - Huaxin Cement (code: 600801) down 7.92% to 23.02 [2] - Conch Cement (code: 600585) down 4.20% to 23.49 [2] Group 2 - The net capital outflow from the cement sector was 152 million yuan, while retail investors saw a net inflow of 106 million yuan [2] - Major capital flows included: - Huaxin Cement had a net inflow of 61.97 million yuan from main capital [3] - Tianshan Shares had a net inflow of 23.90 million yuan from main capital [3] - Hainan Ruize (code: 002596) saw a net inflow of 57.67 million yuan from main capital [3]

Investment Rating - The report maintains a "Market Weight" rating for the building materials industry, indicating that the industry index is expected to perform within ±10% of the market index over the next six months [49]. Core Insights - The building materials industry is experiencing a recovery in profitability, with some consumer building materials products seeing price increases due to rising raw material costs [2][5]. - The cement sector is expected to show resilience in profitability, supported by significant infrastructure projects and urban renewal initiatives in 2026, despite a projected decline in cement production in 2025 [4][41]. - The glass and fiberglass sectors are undergoing structural adjustments, with a focus on high-end products and green transformation, while traditional segments face challenges from real estate market weaknesses [42][43]. - The consumer building materials segment is witnessing a trend of price stabilization and recovery, driven by demand for renovation and urban renewal, despite a slowdown in new construction [44]. Summary by Sections Cement Industry - In Q1 2026, cement companies are expected to implement significant production cuts, with an average shutdown period of 46 days nationwide, aimed at balancing supply and demand [4][41]. - The average cost of P.O42.5 bulk cement is reported at 197 RMB/ton, with a gross profit margin of 17% [4]. - The industry is projected to recover gradually, contingent on effective supply-side policies and infrastructure investment [4][41]. Glass and Fiberglass - The flat glass market is expected to stabilize as production capacity is controlled and environmental standards are enforced, although demand remains weak due to real estate sector challenges [42]. - The fiberglass industry is in a recovery phase, with a focus on eliminating inefficient capacity and enhancing production quality through technological upgrades [43]. Consumer Building Materials - Major companies like Keshun and Sankeshu have announced price increases due to rising costs of raw materials, indicating a trend towards price recovery in the sector [44]. - The demand for renovation and urban renewal is expected to drive growth, while leading companies are enhancing their market share through brand strength and service improvements [44]. Recommended Stocks - The report suggests focusing on companies with strong fundamentals and high dividend yields, including Shangfeng Cement, Tapa Group, and Huaxin Cement [4][45].

Group 1 - The cement sector experienced a 0.64% increase on January 29, with Sichuan Jinding leading the gains [1] - The Shanghai Composite Index closed at 4157.98, up 0.16%, while the Shenzhen Component Index closed at 14300.08, down 0.3% [1] - Key stocks in the cement sector showed varied performance, with Sichuan Jinding rising by 10% to a closing price of 13.20 [1] Group 2 - The cement sector saw a net inflow of 249 million yuan from main funds, while retail funds experienced a net outflow of 94.96 million yuan [2] - Major stocks like Sichuan Jinding had a significant net inflow of 459 million yuan, accounting for 38.65% of the main fund's net [3] - Other stocks such as Huaxin Cement and Tapa Group also showed mixed fund flows, with Huaxin Cement experiencing a net inflow of 79.63 million yuan [3]

Group 1 - The cement sector experienced a volatile rebound on January 29, with Sichuan Jinding hitting the daily limit up [1] - Other companies such as Tapai Group, Western Construction, and Shafeng Cement also saw increases in their stock prices [1]

Core Viewpoint - The announcement details the completion of a share reduction plan by a major shareholder, Xu Yongshou, of Guangdong Tapai Group Co., Ltd., indicating compliance with relevant regulations and prior disclosures [1][2]. Group 1: Shareholder Reduction Plan - Xu Yongshou, a shareholder holding 93,657,056 shares (8.02% of total shares excluding repurchased shares), planned to reduce his holdings by 11,680,328 shares (1% of total shares excluding repurchased shares) within three months following the announcement made on September 27, 2025 [1]. - As of January 27, 2026, Xu Yongshou completed the share reduction as per the pre-disclosed plan [2]. Group 2: Compliance and Regulations - The share reduction complies with the Securities Law and the Interim Measures for the Management of Share Reduction by Shareholders of Listed Companies (revised in 2025) [3]. - The reduction was conducted in accordance with the previously disclosed intentions and commitments, ensuring transparency and adherence to regulations [3].

广东塔牌集团股份有限公司 关于持股5%以上股东减持实施完毕的公告 持股 5%以上的股东徐永寿先生保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 徐永寿先生的上述股份来源于首发前取得的股份。 1 证券代码：002233 证券简称：塔牌集团 公告编号：2026-004 广东塔牌集团股份有限公司（以下简称"公司"）于2025年9月27日在巨潮资讯 （http://www.cninfo.com.cn）及《中国证券报》《上海证券报》《证券时报》《证券日报》披 露了《关于持股5%以上股东减持股份的预披露公告》（公告编号：2025-042），持有公司股 份93,657,056股（占剔除公司回购专用证券账户股份后总股本的8.02%）的股东徐永寿先生计划 在该公告发布之日起15个交易日后的3个月内以集中竞价或大宗交易方式减持本公司股份 11,680,328股（占剔除公司回购专用证券账户股份后总股本的1%）。 2026年1月28日，公司接到徐永寿先生的《关于公司股份减持计划实施完毕的告知函》， 截至2026年1月27日，较上述 ...

Investment Rating - The report maintains an "Outperform" rating for the construction materials sector, indicating a positive outlook compared to the broader market [2] Core Views - A new round of urban renewal is beginning, which is expected to provide significant opportunities in the consumer building materials sector, effectively countering the decline in new housing market demand [8] - The report highlights that after a prolonged downturn in the real estate sector, profitability in various segments of the construction supply chain is starting to recover, particularly for leading companies that have undergone strategic adjustments [8] - The report emphasizes the potential for price increases in certain segments, such as waterproofing and coatings, as companies respond to improved market conditions [8] Summary by Sections Cement - The cement market is entering a seasonal downturn, with demand expected to decline. The average shipment rate for major regions has dropped to 29%, a decrease of approximately 10 percentage points [27][34] - The national average price for cement remains stable at around 353 RMB per ton, with minor fluctuations observed in specific regions [28][34] - The report suggests that after the Spring Festival, demand may recover as new key projects are expected to commence, potentially stabilizing prices [34] Glass - The glass market is also experiencing a decline in demand, with production capacity decreasing to approximately 14.95 million tons, the lowest in recent years [53] - The average price for float glass has increased slightly to 1,139 RMB per ton, with inventory levels decreasing [38] - The report indicates that the glass industry is facing profitability challenges, leading to accelerated production line cold repairs, which may help stabilize the market [53] Fiberglass - The fiberglass market is seeing stable pricing for both roving and electronic fabrics, with the price of 7628 electronic fabric currently at approximately 4.4-4.85 RMB per meter [55] - The report anticipates continued high demand for electronic fabrics, supported by structural adjustments and a shortage of high-end products [55] - Key recommendations include focusing on leading companies like China Jushi, with additional attention on International Composite Materials and Zhongcai Technology [55] Carbon Fiber - Carbon fiber prices are expected to remain stable in the short term, with the rapid development of commercial aerospace potentially driving new demand [55] - The report notes that the current price stability is a necessary step for increased market penetration, with significant growth expected in the aerospace sector [55] Consumer Building Materials - The report highlights the resilience of consumer building materials, with leading companies like Sanke Tree and Rabbit Baby showing strong growth potential as they emerge from profitability challenges [8] - The urban renewal initiative is expected to create substantial market opportunities, particularly for high-quality consumer building materials [8]

Group 1 - The announcement pertains to the pledge of shares by a major shareholder, Mr. Zhang Nengyong, of Guangdong Tapai Group Co., Ltd. [1] - The company confirms that the information disclosed is true, accurate, and complete, with no false records or misleading statements [1] - The specific details regarding the pledged shares are to be provided by the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch [1] Group 2 - The announcement includes the basic situation of the share pledge and the cumulative situation of the shareholder's pledged shares [2] - The board of directors of Guangdong Tapai Group Co., Ltd. issued the announcement on January 23, 2026 [2]