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Non-Energy Minerals

Anhui Conch Cement

  • 49.85 HKD
  • +2.50
  • +5.28%
  • China
    Aug 15, 2018
  • Ticker
    HKG(914)
  • Prev. close
    47.35
  • Market cap (HKD)
    229,275.68M
  • Market cap (USD)
    29,207.27M
  • 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 2017 HKDUSD
Revenue85,747.96M11,003.46M
Gross Profit28,661.20M3,677.90M
Operating income21,292.79M2,732.36M
Income before tax24,340.15M3,123.40M
Net income18,281.81M2,345.98M
EBITDA26,839.50M3,444.13M
Diluted EPS3.440.44
Dividends Per Share1.470.18
Total Assets146,625.49M18,756.53M
Total liabilities35,836.32M4,584.23M
Total equity107,327.36M13,729.46M
Operating cash flow20,766.43M2,664.81M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 69,350.19M 76,038.47M 62,353.40M 64,566.16M 85,747.96M
Gross Profit 22,037.80M 24,700.64M 16,090.64M 19,661.47M 28,661.20M
Operating income 16,233.94M 18,296.58M 9,103.54M 13,594.00M 21,292.79M
Income before tax 15,969.50M 18,805.30M 12,430.49M 13,729.05M 24,340.15M
Net income 11,835.11M 13,835.04M 9,271.31M 9,966.51M 18,281.81M
EBITDA 20,743.39M 23,113.94M 14,604.02M 19,145.93M 26,839.50M
Diluted EPS 2.23 2.60 1.75 1.88 3.44
Dividends Per Share 0.43 0.82 0.50 0.56 1.47
Total Assets 119,234.10M 127,816.92M 126,253.60M 122,181.19M 146,625.49M
Total liabilities 43,925.41M 40,665.04M 37,857.17M 32,335.90M 35,836.32M
Total equity 71,875.18M 82,769.15M 84,132.48M 85,468.08M 107,327.36M
Operating cash flow 19,400.71M 22,861.60M 12,835.75M 15,791.36M 20,766.43M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,940.74M 9,805.49M 8,042.92M 8,317.74M 11,003.46M
Gross Profit 2,841.15M 3,185.25M 2,075.52M 2,532.89M 3,677.90M
Operating income 2,092.90M 2,359.42M 1,174.26M 1,751.25M 2,732.36M
Income before tax 2,058.81M 2,425.02M 1,603.40M 1,768.64M 3,123.40M
Net income 1,525.80M 1,784.08M 1,195.90M 1,283.93M 2,345.98M
EBITDA 2,674.27M 2,980.64M 1,883.76M 2,466.47M 3,444.13M
Diluted EPS 0.28 0.33 0.22 0.24 0.44
Dividends Per Share 0.05 0.10 0.06 0.07 0.18
Total Assets 15,377.60M 16,482.19M 16,290.47M 15,758.90M 18,756.53M
Total liabilities 5,665.05M 5,243.82M 4,884.70M 4,170.68M 4,584.23M
Total equity 9,269.73M 10,673.21M 10,855.59M 11,023.65M 13,729.46M
Operating cash flow 2,501.17M 2,948.10M 1,655.67M 2,034.32M 2,664.81M

Valuation Measures

Dec 2017
PER10.65
ROA13.60%
ROE18.96%
Operating margin24.83%
Profit margin21.32%

Key executives

  • General Manager & Executive Director: Bin Wu
  • Secretary: Pak Yue Chiu
  • Securities Representative: Dan Liao

Shareholders

  • Taiwan Cement Corp. (8.9%)
  • Wellington Management Co. LLP (3.7%)
  • Schroder Investment Management Ltd. (3.3%)
  • The Vanguard Group, Inc. (3.0%)
  • BlackRock Fund Advisors (2.3%)
  • Artemis Investment Management LLP (2.0%)
  • APG Asset Management NV (1.7%)
  • Lazard Asset Management LLC (1.5%)
  • Schroder Investment Management North America, Inc. (1.5%)
  • T. Rowe Price International Ltd. (1.4%)

Contact Details

Related Companies

  • Jiande Chengli Building Material Co., Ltd.
  • PT Conch South Kalimantan
  • PT Conch Cement Indonesia
  • Anhui Conch Cement Co. Ltd. /4 Subs/
  • Qianyang Conch Cement Co., Ltd.
  • Chaohu Hailuo Cement Co. Ltd.
  • Conch International Holdings (HK) Ltd.
  • Guochan Industry Hunan Cement Co. Ltd.
  • Shanghai Conch Logistics Co. Ltd.
  • Indonesia Conch Cement Co. Ltd.
  • Wuhu Sanshan Conch Port Co. Ltd.
  • Wuhu Conch Cement Co. Ltd.
  • Prosperity Conch Cement Co. Ltd.
  • Longling Huihe Cement Co. Ltd.
  • Guangxi Sihe Industry & Trading Co. Ltd.
  • Qianxian Conch Cement Co., Ltd.
  • Baoji Zhongxi Jinlinghe Cement Co., Ltd.
  • Baoji Zhongxi Fenghuangshan Cement Co., Ltd.
  • Yunnan Zhuangxiang Cement Co., Ltd.
  • Anhui Conch Cement Ltd.
  • Anhui Xuancheng Conch Cement Co. Ltd.
  • Bangbu Conch Cement Co. Ltd.
  • Anhui Tongling Conch Cement Co. Ltd.
  • Anhui Chizhou Conch Cement Co. Ltd.
  • Anhui Zhongyang Conch Cement Co. Ltd.
  • Anhui Digang Conch Cement Co. Ltd.
  • Shanghai Conch Construction Material Int'l Trading Co. Ltd.
  • Wuhu Conch Plastic Products Co. Ltd.
  • Anhui Ningchang Plastic Package Co. Ltd.
  • Fusui Xinning Conch Cement Co. Ltd.

Competitors

  • PT Indocement Tunggal Prakarsa Tbk
  • PT Semen Indonesia (Persero) Tbk
  • West China Cement Ltd.
  • CITIC Heavy Industries Co., Ltd. Class A
Last Updated on 15 Aug, 2018

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