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Non-Energy Minerals

Anhui Conch Cement

  • 47.25 HKD
  • -0.65
  • -1.36%
  • China
    Apr 26, 2019
  • Ticker
    HKG(914)
  • Prev. close
    47.90
  • Market cap (HKD)
    246,008.41M
  • Market cap (USD)
    31,363.02M
  • Shares
    5,299.30M

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.

Business Summary

Anhui Conch Cement Co., Ltd. engages in the manufacture and sales of cement and commodity clinker. It operates through the following segments: Eastern China, Central China, Southern China, Western China, and Overseas. The company was founded on September 1, 1997 and is headquartered in Wuhu City, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue150,360.44M19,184.63M
Gross Profit53,280.71M6,798.13M
Operating income45,186.16M5,765.34M
Income before tax46,393.65M5,919.41M
Net income35,313.64M4,505.70M
EBITDA51,051.45M6,513.70M
Diluted EPS6.660.85
Dividends Per Share1.970.25
Total Assets170,537.39M21,781.80M
Total liabilities37,329.87M4,767.94M
Total equity128,505.60M16,413.31M
Operating cash flow44,013.44M5,615.71M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 76,038.47M 62,353.40M 64,566.16M 85,747.96M 150,360.44M
Gross Profit 24,700.64M 16,090.64M 19,661.47M 28,636.51M 53,280.71M
Operating income 18,706.60M 9,491.85M 13,232.65M 21,844.44M 45,186.16M
Income before tax 18,805.30M 12,430.49M 13,729.05M 24,340.15M 46,393.65M
Net income 13,835.04M 9,271.31M 9,966.51M 18,281.81M 35,313.64M
EBITDA 23,523.96M 14,992.34M 19,444.68M 27,415.85M 51,051.45M
Diluted EPS 2.60 1.75 1.88 3.44 6.66
Dividends Per Share 0.82 0.50 0.56 1.47 1.97
Total Assets 127,816.92M 126,253.60M 122,181.19M 146,625.49M 170,537.39M
Total liabilities 40,665.04M 37,857.17M 32,335.90M 35,836.32M 37,329.87M
Total equity 82,769.15M 84,132.48M 85,468.08M 107,327.36M 128,505.60M
Operating cash flow 22,861.60M 12,835.75M 15,791.36M 20,766.43M 44,013.44M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,805.49M 8,042.92M 8,317.74M 11,003.46M 19,184.63M
Gross Profit 3,185.25M 2,075.52M 2,532.89M 3,674.73M 6,798.13M
Operating income 2,412.29M 1,224.34M 1,704.69M 2,803.15M 5,765.34M
Income before tax 2,425.02M 1,603.40M 1,768.64M 3,123.40M 5,919.41M
Net income 1,784.08M 1,195.90M 1,283.93M 2,345.98M 4,505.70M
EBITDA 3,033.51M 1,933.85M 2,504.96M 3,518.09M 6,513.70M
Diluted EPS 0.33 0.22 0.24 0.44 0.85
Dividends Per Share 0.10 0.06 0.07 0.18 0.25
Total Assets 16,482.19M 16,290.47M 15,758.90M 18,756.53M 21,781.80M
Total liabilities 5,243.82M 4,884.70M 4,170.68M 4,584.23M 4,767.94M
Total equity 10,673.21M 10,855.59M 11,023.65M 13,729.46M 16,413.31M
Operating cash flow 2,948.10M 1,655.67M 2,034.32M 2,664.81M 5,615.71M

Valuation Measures

Dec 2018
PER5.70
ROA22.26%
ROE29.94%
Operating margin30.05%
Profit margin23.48%

Key executives

  • General Manager & Executive Director: Bin Wu
  • Deputy General Manager: Qiu Bi Ke
  • Joint Secretary: Pak Yue Chiu
  • Securities Representative: Dan Liao
  • Joint Secretary: Shui Yu

Shareholders

  • Taiwan Cement Corp. (8.9%)
  • Wellington Management Co. LLP (3.7%)
  • Schroder Investment Management Ltd. (3.3%)
  • The Vanguard Group, Inc. (3.2%)
  • BlackRock Fund Advisors (3.0%)
  • Lazard Asset Management LLC (2.5%)
  • T. Rowe Price International Ltd. (2.2%)
  • APG Asset Management NV (2.1%)
  • Schroder Investment Management North America, Inc. (1.5%)
  • Swedbank Robur Fonder AB (1.3%)

Contact Details

Related Companies

  • Myanmar Conch Cement (Mandalay) Co., Ltd.
  • Vientiane Conch Cement Co., Ltd.
  • Wuhu Conch Mining Co., Ltd.
  • Xingan Conch New Material Co., Ltd.
  • Anhui Jiangbei Haizhong Construction. Trading Co., Ltd
  • Bazhong Conch Construction Co., Ltd.
  • Guangyuan Conch New Material Co., Ltd.
  • Chizhou Conch New Material Co., Ltd
  • Zunyi Huaihui New Material Co., Ltd.
  • Shaanxi Tongchuan Fenghuang Construction Co., Ltd.
  • Guiding Conch Plastic Packaging Co., Ltd.
  • Shuicheng Conch Panjiang Cement Co., Ltd.
  • Baoji Conch Plastic Packaging Co., Ltd.
  • Wuxi Conch Sales Cement Co., Ltd.
  • Taizhou Conch Cement Co., Ltd. (Zhejiang)
  • Conch Material Trading Co., Ltd.
  • Hami Xingyi Mining Co., Ltd.
  • Qianxinan Resource Development Co., Ltd.
  • Guangyuan Conch Plastic Packaging Co., Ltd.
  • Jianghua Conch Plastic Packaging Co., Ltd.
  • Ningde Conch Cement Co., Ltd
  • Guangdong Yinglong Conch Logistic Co., Ltd.
  • Wuhu Conch Logistic Co., Ltd.
  • Anlong Conch Co., Ltd.
  • Wenzhou Conch Cement Co., Ltd.
  • PT Conch South Kalimantan Cement
  • Conch Cement Volga Co., Ltd.
  • Battambang Conch Cement Co., Ltd.
  • Luangprabang Conch Cement Co., Ltd.
  • PT Conch West Kalimantan Cement

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • PT Semen Indonesia (Persero) Tbk
  • West China Cement Ltd.
Last Updated on 26 Apr, 2019

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