塔牌集团(002233) - 2025年3月19日投资者关系活动记录表

Group 1: Financial Performance and Investment Strategy - The company aims to achieve a sales target of over 16.3 million tons of cement in 2025, aligning with capacity control requirements and industry production adjustments [2]. - In 2024, the company achieved significant financial investment returns, primarily due to a favorable market environment, and plans to maintain a conservative investment approach in 2025 [3]. - The investment strategy includes maintaining approximately 40% in low-risk bank deposits and large certificates of deposit, with a strict limit of 20% on securities investments [3]. Group 2: Production Capacity and Compliance - The company has seven new dry-process cement clinker production lines with a capacity of over 4,500 tons per day, including two lines of 10,000 tons per day, which comply with the production capacity control requirements [2]. - The company plans to replace 2,500 tons per day of capacity that was shut down in 2024 with new capacity at its Huizhou Longmen base, with no additional capacity expansion plans at this time [2]. Group 3: Management and Compensation Structure - The company's compensation system for directors and senior management is linked to the profitability of the cement business, with monthly salaries adjusted based on performance [4]. - If the unit net profit of the cement business falls below 20 yuan, the monthly salary for relevant personnel will be set at 10,000 yuan [4]. Group 4: Industry Regulations and Production Adjustments - The Guangdong Cement Industry Association has mandated a total of 95 days of staggered production for all clinker production lines in 2025, divided into two phases [5]. - The first phase requires a 50-day staggered shutdown from January 1 to April 30, with an average of at least 30 days of shutdown per line during the Spring Festival period [5].