|Aug 22, 2017|
|Aug 22, 2017|
Currency in HKD
|Full time employees:||44,859|
Anhui Conch Cement Co., Ltd. engages in the manufacture and sales of cement and commodity clinker. It operates through the Sale of Clinkers and Other Cement Products; and Sale of Materials and Other Products segments. It focuses on portland cement clinker and high grade portland cement. Its products include common cement such as portland cement, ordinary portland cement, slag portland cement, and composite portland cement; and special cement contains sulfate resistance cement, moderate portland cement, low heat slag portland cement, highway portland cement, oil well portland cement, non-maglev portland cement, nuclear station portland cement, and white cement. The company was founded on September 1, 1997 and is headquartered in Wuhu City, China.
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.
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- Local currency
- US Dollar
|Income before tax||13,729.05M|
|Dividends per share||0.56|
|Operating cash flow||15,791.36M|
Currency in HKD
|Income before tax||1,768.64M|
|Dividends per share||0.07|
|Operating cash flow||2,034.32M|
Currency in USD
- General Manager & Executive Director: Bin Wu
- Executive Director & Chief Accountant: Bo Zhou
- Secretary: Pak Yue Chiu
- Taiwan Cement Corp.(8.9%)
- Investec Asset Management Ltd.(4.9%)
- Genesis Investment Management LLP(4.9%)
- Schroder Investment Management Ltd.(3.4%)
- APG Asset Management NV(3.4%)
- The Vanguard Group, Inc.(3.0%)
- BlackRock Fund Advisors(2.1%)
- Aberdeen Asset Management (Asia) Ltd.(1.9%)
- PineBridge Investments Asia Ltd.(1.5%)
- Schroder Investment Management North America, Inc.(1.5%)
- Website: http://www.conch.cn
- Address: No. 39 Wenhua Road, Wuhu City, 241000, China
- Phone: +86.553.31188688
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