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Non-Energy Minerals

Anhui Conch Cement

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
Revenue152,086.98M19,404.92M
Gross Profit54,201.85M6,915.66M
Operating income44,997.51M5,741.27M
Income before tax46,448.28M5,926.38M
Net income35,365.78M4,512.35M
EBITDA50,707.63M6,469.83M
Diluted EPS6.670.85
Dividends Per Share1.920.24
Total Assets170,537.39M21,781.80M
Total liabilities37,316.57M4,766.24M
Total equity128,263.47M16,382.39M
Operating cash flow43,589.26M5,561.59M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 76,466.36M 62,877.95M 65,351.86M 86,839.91M 152,086.98M
Gross Profit 25,420.29M 16,909.84M 20,488.93M 29,429.34M 54,201.85M
Operating income 18,342.73M 9,151.80M 12,536.64M 21,308.98M 44,997.51M
Income before tax 18,860.97M 12,487.38M 13,782.94M 24,393.34M 46,448.28M
Net income 13,819.80M 9,298.84M 10,017.86M 18,332.56M 35,365.78M
EBITDA 23,036.91M 14,518.85M 17,951.31M 26,737.03M 50,707.63M
Diluted EPS 2.60 1.75 1.89 3.45 6.67
Dividends Per Share 0.82 0.50 0.56 1.47 1.92
Total Assets 127,813.89M 126,250.71M 122,178.48M 146,625.49M 170,537.39M
Total liabilities 40,639.05M 37,834.36M 32,316.46M 35,820.31M 37,316.57M
Total equity 82,310.87M 83,721.53M 85,132.98M 107,019.64M 128,263.47M
Operating cash flow 21,439.86M 11,646.36M 14,616.06M 19,992.60M 43,589.26M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,860.67M 8,110.59M 8,418.96M 11,143.58M 19,404.92M
Gross Profit 3,278.05M 2,181.19M 2,639.49M 3,776.47M 6,915.66M
Operating income 2,365.37M 1,180.48M 1,615.03M 2,734.43M 5,741.27M
Income before tax 2,432.20M 1,610.74M 1,775.59M 3,130.23M 5,926.38M
Net income 1,782.12M 1,199.45M 1,290.55M 2,352.49M 4,512.35M
EBITDA 2,970.71M 1,872.77M 2,312.58M 3,430.98M 6,469.83M
Diluted EPS 0.33 0.22 0.24 0.44 0.85
Dividends Per Share 0.10 0.06 0.07 0.18 0.24
Total Assets 16,481.80M 16,290.09M 15,758.56M 18,756.53M 21,781.80M
Total liabilities 5,240.46M 4,881.75M 4,168.17M 4,582.18M 4,766.24M
Total equity 10,614.11M 10,802.56M 10,980.43M 13,690.10M 16,382.39M
Operating cash flow 2,764.76M 1,502.25M 1,882.91M 2,565.51M 5,561.59M

Valuation Measures

Dec 2018
PER4.99
ROA22.30%
ROE30.06%
Operating margin29.58%
Profit margin23.25%

Key executives

  • General Manager & Executive Director: Bin Wu
  • Chief Financial Officer: Guo Ming Li
  • Deputy General Manager: Qiu Bi Ke
  • Executive Director & Deputy General Manager: Qun Feng Li
  • Joint Secretary: Pak Yue Chiu

Shareholders

  • Taiwan Cement Corp. (8.9%)
  • Wellington Management Co. LLP (3.7%)
  • The Vanguard Group, Inc. (3.3%)
  • Schroder Investment Management Ltd. (3.3%)
  • Lazard Asset Management LLC (2.5%)
  • BlackRock Fund Advisors (2.4%)
  • APG Asset Management NV (2.1%)
  • T. Rowe Price International Ltd. (2.0%)
  • Merian Global Investors (UK) Ltd. (1.6%)
  • Schroder Investment Management North America, Inc. (1.5%)

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 19 Nov, 2019

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