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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 2020 HKDUSD
Revenue198,042.73M25,534.14M
Gross Profit56,344.43M7,264.63M
Operating income46,259.62M5,964.36M
Income before tax52,071.04M6,713.65M
Net income39,513.03M5,094.51M
EBITDA52,356.89M6,750.50M
Diluted EPS6.620.85
Dividends Per Share2.560.33
Total Assets238,281.38M30,730.72M
Total liabilities38,205.47M4,927.29M
Total equity191,695.25M24,722.59M
Operating cash flow42,375.27M5,463.55M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 65,351.86M 86,839.91M 152,086.98M 178,059.27M 198,042.73M
Gross Profit 20,488.93M 29,429.34M 54,201.85M 57,723.38M 56,344.43M
Operating income 12,536.64M 21,308.98M 44,997.51M 45,788.07M 46,259.62M
Income before tax 13,782.94M 24,393.34M 46,448.28M 49,600.04M 52,071.04M
Net income 10,017.86M 18,332.56M 35,365.78M 38,133.38M 39,513.03M
EBITDA 17,951.31M 26,737.03M 50,707.63M 51,761.52M 52,356.89M
Diluted EPS 1.60 2.99 5.62 6.33 6.62
Dividends Per Share 0.56 1.47 1.92 2.17 2.56
Total Assets 122,178.48M 146,625.49M 170,537.39M 199,979.33M 238,281.38M
Total liabilities 32,316.46M 35,820.31M 37,316.57M 40,277.57M 38,205.47M
Total equity 85,132.98M 107,019.64M 128,263.47M 153,456.07M 191,695.25M
Operating cash flow 14,616.06M 19,992.60M 43,589.26M 47,399.07M 42,375.27M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 8,418.96M 11,143.58M 19,404.92M 22,725.56M 25,534.14M
Gross Profit 2,639.49M 3,776.47M 6,915.66M 7,367.18M 7,264.63M
Operating income 1,615.03M 2,734.43M 5,741.27M 5,843.89M 5,964.36M
Income before tax 1,775.59M 3,130.23M 5,926.38M 6,330.41M 6,713.65M
Net income 1,290.55M 2,352.49M 4,512.35M 4,866.93M 5,094.51M
EBITDA 2,312.58M 3,430.98M 6,469.83M 6,606.28M 6,750.50M
Diluted EPS 0.20 0.38 0.71 0.80 0.85
Dividends Per Share 0.07 0.18 0.24 0.27 0.33
Total Assets 15,758.56M 18,756.53M 21,781.80M 25,665.35M 30,730.72M
Total liabilities 4,168.17M 4,582.18M 4,766.24M 5,169.22M 4,927.29M
Total equity 10,980.43M 13,690.10M 16,382.39M 19,694.56M 24,722.59M
Operating cash flow 1,882.91M 2,565.51M 5,561.59M 6,049.50M 5,463.55M

Valuation Measures

Dec 2020
PER6.17
ROA18.03%
ROE22.89%
Operating margin23.35%
Profit margin19.95%

Key executives

  • General Manager & Executive Director: Qun Feng Li
  • Chief Financial Officer: Guo Ming Li
  • Deputy General Manager: Qiu Bi Ke
  • Joint Secretary & Executive Director: Xiao Chuan Zhou
  • Head-Accounting Department: Yan Liu

Shareholders

  • Taiwan Cement Corp. (8.9%)
  • Artisan Partners LP (3.3%)
  • The Vanguard Group, Inc. (2.9%)
  • BlackRock Fund Advisors (2.1%)
  • Dimensional Fund Advisors LP (1.5%)
  • APG Asset Management NV (1.4%)
  • Lazard Asset Management LLC (1.2%)
  • BlackRock Investment Management (UK) Ltd. (0.8%)
  • FIL Investment Management (Hong Kong) Ltd. (0.6%)
  • Macquarie Investment Management Business Trust (0.6%)

Contact Details

Related Companies

  • 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.
  • Guangyuan Conch New Material Co., Ltd.

Competitors

  • West China Cement Ltd.
  • PT Indocement Tunggal Prakarsa Tbk
  • PT Semen Indonesia (Persero) Tbk
Last Updated on 26 Nov, 2021

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