Asia300

Anhui Conch Cement Co., Ltd.

China

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Apr 21, 2017
Prev close: 27.5
Apr 21, 2017
Market cap:
Market cap(USD):
134,154M
17,252.2M
Shares: 5,299.3M

Currency in HKD

Company profile

Market(Ticker): HKG(914)
Sector:
Industry:
Non-Energy Minerals
Construction Materials
Full time employees: 44,859

Business summary

Anhui Conch Cement Co., Ltd. engages in the manufacture and sales of cement and commodity clinker. It operates through the Sale of Clinkers and Other Cement Products; and Sale of Materials and Other Products segments. It focuses on portland cement clinker and high grade portland cement. Its products include common cement such as portland cement, ordinary portland cement, slag portland cement, and composite portland cement; and special cement contains sulfate resistance cement, moderate portland cement, low heat slag portland cement, highway portland cement, oil well portland cement, non-maglev portland cement, nuclear station portland cement, and white cement. The company was founded on September 1, 1997 and is headquartered in Wuhu City, China.

Company background

Anhui Conch Cement is a cement producer headquartered in Anhui Province and affiliated with the Anhui provincial government. It was listed on the Hong Kong stock exchange in 1997 and on the Shanghai Stock Exchange in 2002.

The company, the biggest cement maker in China, with assets totaling about 120 billion yuan, earns roughly 60 billion yuan in annual sales. The group's production capacity stood at 210 million tons for clinker, an ingredient of cement, and 260 million tons for cement at the end of 2014.

China's domestic cement demand is stagnant as a result of a decline in infrastructure investment along with the country's slowing economic growth. At present, the company sells domestically nearly all the cement it produces; exports total less than 3% of its total output. Given the limited room for further growth in China, the company is stepping up overseas expansion by setting up cement-related facilities in Indonesia and Myanmar, for instance. The drive is consistent with the Chinese government's economic diplomacy initiative known as "One Belt and One Road."

Company Chairman Guo Wensan has gained experience in the cement industry since he graduated from Shanghai Tongji University.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 64,566.16M
Gross profit 19,661.47M
Operating income 13,594.00M
Income before tax 13,729.05M
Net income 9,966.51M
EBITDA 19,145.93M
Diluted EPS 1.88
Dividends per share 0.56
Total assets 122,181.19M
Total liabilities 32,335.90M
Total equity 85,468.08M
Operating cash flow 15,791.36M

Currency in HKD

Revenue 8,317.74M
Gross profit 2,532.89M
Operating income 1,751.25M
Income before tax 1,768.64M
Net income 1,283.93M
EBITDA 2,466.47M
Diluted EPS 0.24
Dividends per share 0.07
Total assets 15,758.90M
Total liabilities 4,170.68M
Total equity 11,023.65M
Operating cash flow 2,034.32M

Currency in USD

Valuation measures

Dec 2016

PER 11.21
ROA 8.02%
ROE 11.75%
Operating margin 21.05%
Profit margin 15.43%

Key executive

  • General Manager & Executive Director: Bin Wu
  • Executive Director & Chief Accountant: Bo Zhou
  • Joint Secretary: Kai Fa Yang
  • Joint Secretary: Pak Yue Chiu

Share holders

  • Taiwan Cement Corp.(8.9%)
  • Investec Asset Management Ltd.(4.9%)
  • Genesis Investment Management LLP(4.9%)
  • APG Asset Management NV(3.8%)
  • The Vanguard Group, Inc.(2.9%)
  • BlackRock Fund Advisors(2.0%)
  • Aberdeen Asset Management (Asia) Ltd.(1.7%)
  • Artemis Investment Management LLP(1.6%)
  • Hang Seng Investment Management Ltd.(1.5%)
  • Fidelity Management & Research Co.(1.2%)

Address

  • Website: http://www.conch.cn
  • Address: No. 39 Wenhua Road, Wuhu City, 241000, China
  • Phone: +86.553.31188688

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