The net profit of the two cement giants in the first quarter is expected to drop by more than 80%. The industry is expected to recover

According to the securities times, Guangdong Tapai Group Co.Ltd(002233) it is estimated that the net profit in the first quarter of 2022 will be 492446 million yuan – 703495 million yuan, a year-on-year decrease of 80% – 86% Gansu Qilianshan Cement Group Co.Ltd(600720) previously, it was also expected that the net profit in the first quarter would drop by 87% – 99%. The industry expects that the first quarter is the traditional off-season of the cement industry, with the superposition of many places in the country. Due to the outbreak of the epidemic, the recovery of downstream demand for cement is affected; However, under the background of steady growth, when the epidemic situation is controlled, it is expected that the market demand will be released intensively, and the cement industry is expected to pick up.