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Non-Energy Minerals

Anhui Conch Cement Co., Ltd.

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 2021 HKDUSD
Revenue202,418.39M26,041.76M
Gross Profit58,529.47M7,530.00M
Operating income46,674.70M6,004.84M
Income before tax52,419.15M6,743.89M
Net income40,134.36M5,163.41M
EBITDA53,849.94M6,927.96M
Diluted EPS7.570.97
Dividends Per Share2.790.35
Total Assets281,980.66M36,168.52M
Total liabilities46,597.44M5,976.86M
Total equity224,563.99M28,803.92M
Operating cash flow43,250.18M5,564.27M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 86,839.91M 152,086.98M 178,059.27M 198,101.20M 202,418.39M
Gross Profit 29,429.34M 54,201.85M 57,723.38M 56,408.39M 58,529.47M
Operating income 21,308.98M 44,997.51M 45,788.07M 46,311.19M 46,674.70M
Income before tax 24,393.34M 46,448.28M 49,600.04M 52,104.39M 52,419.15M
Net income 18,332.56M 35,365.78M 38,133.38M 39,545.09M 40,134.36M
EBITDA 26,737.03M 50,707.63M 51,761.52M 52,448.00M 53,849.94M
Diluted EPS 2.99 5.62 6.33 7.46 7.57
Dividends Per Share 1.47 1.92 2.17 2.56 2.79
Total Assets 146,625.49M 170,537.39M 199,979.33M 239,324.93M 281,980.66M
Total liabilities 35,820.31M 37,316.57M 40,277.57M 38,776.18M 46,597.44M
Total equity 107,019.64M 128,263.47M 153,456.07M 192,106.61M 224,563.99M
Operating cash flow 19,992.60M 43,589.26M 47,399.07M 41,537.28M 43,250.18M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 11,143.58M 19,404.92M 22,725.56M 25,541.68M 26,041.76M
Gross Profit 3,776.47M 6,915.66M 7,367.18M 7,272.87M 7,530.00M
Operating income 2,734.43M 5,741.27M 5,843.89M 5,971.01M 6,004.84M
Income before tax 3,130.23M 5,926.38M 6,330.41M 6,717.95M 6,743.89M
Net income 2,352.49M 4,512.35M 4,866.93M 5,098.64M 5,163.41M
EBITDA 3,430.98M 6,469.83M 6,606.28M 6,762.25M 6,927.96M
Diluted EPS 0.38 0.71 0.80 0.96 0.97
Dividends Per Share 0.18 0.24 0.27 0.33 0.35
Total Assets 18,756.53M 21,781.80M 25,665.35M 30,865.30M 36,168.52M
Total liabilities 4,582.18M 4,766.24M 5,169.22M 5,000.89M 5,976.86M
Total equity 13,690.10M 16,382.39M 19,694.56M 24,775.64M 28,803.92M
Operating cash flow 2,565.51M 5,561.59M 6,049.50M 5,355.50M 5,564.27M

Valuation Measures

Dec 2021
PER4.20
ROA15.39%
ROE19.26%
Operating margin23.05%
Profit margin19.82%

Key executives

  • General Manager & Executive Director: Qun Feng Li
  • Chief Financial Officer: Guo Ming Li
  • Secretary & Executive Director: Xiao Chuan Zhou
  • Deputy Director-Finance Department: Jing Qian Wang
  • Head-Accounting Department: Yan Liu

Shareholders

  • Taiwan Cement Corp. (8.9%)
  • Artisan Partners LP (5.0%)
  • The Vanguard Group, Inc. (3.0%)
  • BlackRock Fund Advisors (2.3%)
  • Dimensional Fund Advisors LP (1.4%)
  • Lazard Asset Management LLC (1.1%)
  • APG Asset Management NV (1.0%)
  • Massachusetts Financial Services Co. (0.9%)
  • BlackRock Advisors (UK) Ltd. (0.6%)
  • PineBridge Investments Asia Ltd. (0.5%)

Contact Details

Related Companies

  • Jiangsu Conch Building Materials Co., Ltd.
  • Conch New Energy Co., Ltd.
  • Yunnan Haizhong Trading Co., Ltd.
  • Hunan Haizhong Trading Co., Ltd.
  • Jiangsu Conch Cement Construction Materials Co., Ltd.
  • Chuzhou Conch Cement New Construction Materials Co., Ltd.
  • Basu Conch Cement Co., Ltd.
  • Guangdong Qingyuan Guangying Co., Ltd.
  • Zhejiang Ningbo Haizhong Trading Co., Ltd.
  • Shanxi Haizhong Trading Co., Ltd.
  • Nanjing Haizhong Trading Co., Ltd.
  • Shandong Haizhong Trading Co., Ltd.
  • Zhengzhou Haizhong Trading Co., Ltd.
  • Bozhou Haizhong Trading Co., Ltd.
  • Guizhou Haizhong Trading Co., Ltd.
  • Jiangxi Haizhong Trading Co., Ltd.
  • Quanjiao Conch Consturction Technology Co., Ltd.
  • Tongchuan Conch New Material Co., Ltd.
  • Linquan Conch Cement Co., Ltd.
  • Zhuhai Haizhong Trading Co., Ltd.
  • Jiangxi Yiyang Conch New Construction Material Co., Ltd.
  • Jiangxi Yiyang Conch New Materials Co., Ltd.
  • Nanjiang Conch Cement Co., Ltd.
  • Wuhu South Cement Co., Ltd.
  • 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.

Competitors

  • West China Cement Ltd.
  • PT Indocement Tunggal Prakarsa Tbk
  • PT Semen Indonesia (Persero) Tbk
Last Updated on 12 Aug, 2022

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