Taiwan Cement (1101-TW) announced the dividend policy today (11), and decided to distribute 1 yuan per share and 1 yuan in allotment, with a total dividend of 2 yuan; Taiwan Cement bluntly stated that due to the current impact of the Chinese market and the Russian-Ukrainian war, the price of raw coal has risen sharply. In response to the challenges faced by subsequent operations, the Company will continue to promote transformation to respond to alternative fuels and reduce coal consumption.
In the second half of last year, China implemented dual control of energy consumption, coal prices rose, TCC shipments declined, and production costs increased. Although the price hikes responded, profit performance was still affected. Net earnings per share were 3.3 yuan, a 4-year low. Dividends The allotment rate is 60%. TCC explained that the capital increase from the allotment surplus is mainly in response to future development needs.
Taiwan Cement also announced its March revenue today. With the resumption of work on the site after the Lunar New Year and the normalization of working days, the revenue was 9.971 billion yuan, a monthly increase of 82.7% and an annual increase of 2%; the first quarter revenue was 22.945 billion yuan, an annual increase 4.1%; however, TCC bluntly stated that, in addition to the impact of the Chinese market, the cement business is still facing challenges in its operation, as well as the rising coal price and the multiple increase in the cost of cement and power generation.
In this regard, TCC emphasized that it will continue to promote green transformation. The use of alternative fuels and alternative raw materials in the cement production process can not only save fuel costs, but also greatly reduce carbon emissions. Increase by 30%, the conversion of alternative fuels is equivalent to reducing the use of 6,651 tons of coal, and also solves industrial waste and achieves the purpose of reducing carbon.