Annuncio • Apr 24
Anhui Conch Cement Company Limited, Annual General Meeting, May 28, 2026 Anhui Conch Cement Company Limited, Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: No. 39, Wenhua Road, Wuhu, Anhui China Annuncio • Mar 30
Anhui Conch Cement Company Limited to Report Q1, 2026 Results on Apr 30, 2026 Anhui Conch Cement Company Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Annuncio • Dec 26
Anhui Conch Cement Company Limited to Report Fiscal Year 2025 Results on Mar 28, 2026 Anhui Conch Cement Company Limited announced that they will report fiscal year 2025 results on Mar 28, 2026 Annuncio • Sep 30
Anhui Conch Cement Company Limited to Report Q3, 2025 Results on Oct 31, 2025 Anhui Conch Cement Company Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Major Estimate Revision • Sep 03
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥91.2b to CN¥88.3b. EPS estimate also fell from CN¥2.00 per share to CN¥1.78 per share. Net income forecast to grow 19% next year vs 21% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$27.55. Share price fell 2.9% to HK$23.74 over the past week. Upcoming Dividend • Sep 01
Upcoming dividend of HK$0.26 per share Eligible shareholders must have bought the stock before 08 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Hong Kong dividend payers (6.7%). Lower than average of industry peers (2.6%). Reported Earnings • Aug 28
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: CN¥0.54 (up from CN¥0.35 in 2Q 2024). Revenue: CN¥22.2b (down 8.2% from 2Q 2024). Net income: CN¥2.82b (up 55% from 2Q 2024). Profit margin: 13% (up from 7.5% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Annuncio • Aug 27
Anhui Conch Cement Company Limited announces Annual dividend, payable on September 30, 2025 Anhui Conch Cement Company Limited announced Annual dividend of HKD 0.2630 per share payable on September 30, 2025, ex-date on September 08, 2025 and record date on September 09, 2025. Annuncio • Jun 30
Anhui Conch Cement Company Limited to Report First Half, 2025 Results on Aug 27, 2025 Anhui Conch Cement Company Limited announced that they will report first half, 2025 results on Aug 27, 2025 Major Estimate Revision • Jun 27
Consensus EPS estimates fall by 11%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from CN¥89.4b to CN¥91.4b. EPS estimate fell from CN¥2.40 to CN¥2.13 per share. Net income forecast to grow 36% next year vs 31% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$27.18. Share price rose 6.6% to HK$20.10 over the past week. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.71 per share Eligible shareholders must have bought the stock before 03 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (4.1%). Major Estimate Revision • May 06
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥92.3b to CN¥98.2b. EPS estimate increased from CN¥2.14 to CN¥2.41 per share. Net income forecast to grow 41% next year vs 25% growth forecast for Basic Materials industry in Hong Kong. Consensus price target broadly unchanged at HK$27.24. Share price was steady at HK$21.85 over the past week. Reported Earnings • Apr 30
First quarter 2025 earnings released: EPS: CN¥0.34 (vs CN¥0.28 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.34 (up from CN¥0.28 in 1Q 2024). Revenue: CN¥19.1b (down 11% from 1Q 2024). Net income: CN¥1.81b (up 21% from 1Q 2024). Profit margin: 9.5% (up from 7.0% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 26
Dividend of CN¥0.71 announced Shareholders will receive a dividend of CN¥0.71. Ex-date: 3rd June 2025 Payment date: 30th June 2025 Dividend yield will be 3.2%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 7.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 24
Anhui Conch Cement Company Limited, Annual General Meeting, May 29, 2025 Anhui Conch Cement Company Limited, Annual General Meeting, May 29, 2025, at 14:30 China Standard Time. Location: no. 39 wenhua road, wuhu city, anhui, China Annuncio • Apr 08
Anhui Conch Cement Company Limited Provides Group Earnings Guidance for the First Quarter of 2025 Anhui Conch Cement Company Limited provided group earnings guidance for the first quarter of 2025. Based on the preliminary calculation by the finance department of the Company in accordance with the China Accounting Standards for Business Enterprises, it is estimated that the Group will realise a net profit attributable to equity shareholders of the Company for the First Quarter of 2025 of approximately RMB 1,808 million, representing an increase of about 20% as compared with that for the corresponding period of the previous year (statutory disclosed data). It is estimated that the Group will realise a net profit after extraordinary items attributable to equity shareholders of the Company for the First Quarter of 2025 of approximately RMB 1,650 million, representing an increase of about 20% as compared with that for the corresponding period of the previous year (statutory disclosed data). MAJOR REASONS FOR THE ESTIMATED INCREASE IN THE RESULTS FOR THIS PERIOD: Mainly due to the decrease in the Company's product costs and increase in sales volume. For the period from 1 January 2024 to 31 March 2024, net profit attributable to equity shareholders of the Company: RMB 1,502 million; net profit after extraordinary items attributable to equity shareholders of the Company: RMB 1,368 million. For the period from 1 January 2024 to 31 March 2024, earnings per share: RMB 0.28 per share. Annuncio • Mar 28
Anhui Conch Cement Company Limited to Report Q1, 2025 Results on Apr 30, 2025 Anhui Conch Cement Company Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.53 (down from CN¥2.02 in FY 2023). Revenue: CN¥91.0b (down 35% from FY 2023). Net income: CN¥8.05b (down 25% from FY 2023). Profit margin: 8.8% (up from 7.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates by 6.8%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Annuncio • Mar 24
Anhui Conch Cement Company Limited Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 30 June 2025 Anhui Conch Cement Company Limited proposed final dividend of RMB 0.71 per share for the year ended 31 December 2024. Payment date is 30 June 2025. Buy Or Sell Opportunity • Mar 18
Now 20% undervalued Over the last 90 days, the stock has risen 18% to HK$23.40. The fair value is estimated to be HK$29.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 54%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Annuncio • Dec 27
Anhui Conch Cement Company Limited to Report Fiscal Year 2024 Results on Mar 25, 2025 Anhui Conch Cement Company Limited announced that they will report fiscal year 2024 results on Mar 25, 2025 Major Estimate Revision • Nov 14
Consensus revenue estimates fall by 15% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥119.1b to CN¥100.8b. EPS estimate fell from CN¥1.79 to CN¥1.76 per share. Net income forecast to grow 31% next year vs 31% growth forecast for Basic Materials industry in Hong Kong. Consensus price target up from HK$23.70 to HK$24.23. Share price fell 8.1% to HK$21.05 over the past week. Reported Earnings • Oct 30
Third quarter 2024 earnings released: EPS: CN¥0.36 (vs CN¥0.42 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.36 (down from CN¥0.42 in 3Q 2023). Revenue: CN¥22.6b (down 33% from 3Q 2023). Net income: CN¥1.87b (down 15% from 3Q 2023). Profit margin: 8.3% (up from 6.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to HK$21.75, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$24.11 per share. Annuncio • Sep 30
Anhui Conch Cement Company Limited to Report Q3, 2024 Results on Oct 30, 2024 Anhui Conch Cement Company Limited announced that they will report Q3, 2024 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to HK$20.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at HK$23.97 per share. New Risk • Aug 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.1% Last year net profit margin: 8.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (224% cash payout ratio). Profit margins are more than 30% lower than last year (6.1% net profit margin). Annuncio • Aug 21
Anhui Conch Cement Company Limited Approves Election of Zhu Shengli as Deputy Chairman Anhui Conch Cement Company Limited at its board meeting held on August 21, 2024 approved election of Mr. Zhu Shengli as deputy chairman of the ninth session of the Board. Annuncio • Jul 12
Anhui Conch Cement Company Limited Announces Resignation of Wang Jianchao as Deputy Chairman Cum an Executive Director Anhui Conch Cement Company Limited announced that with effect from 12 July 2024, Mr. Wang Jianchao resigned as the Deputy Chairman cum an executive Director due to reaching of the statutory retirement age. As at the date of this announcement, the Board comprises (i) Mr. Yang Jun, Mr. Li Qunfeng and Mr. Wu Tiejun as executive Directors; (ii) Mr. Qu Wenzhou, Ms. Ho Shuk Yee, Samantha and Ms. Zhang Yunyan as independent non-executive Directors. Annuncio • Jun 28
Anhui Conch Cement Company Limited to Report First Half, 2024 Results on Aug 28, 2024 Anhui Conch Cement Company Limited announced that they will report first half, 2024 results on Aug 28, 2024 Annuncio • Jun 08
Anhui Conch Cement Company Limited Approves Ordinary Final Dividend for the Year Ended 31 December 2023, Payable on 03 July 2024 Anhui Conch Cement Company Limited approved ordinary final dividend of RMB 0.96 per share for the Year Ended 31 December 2023. Ex-dividend date is 03 June 2024. Record date is 12 June 2024. Payment date is 03 July 2024. Date of shareholders' approval is 30 May 2024. Upcoming Dividend • May 27
Upcoming dividend of CN¥0.96 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.6%). In line with average of industry peers (5.2%). Reported Earnings • Apr 27
First quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.48 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.48 in 1Q 2023). Revenue: CN¥21.3b (down 32% from 1Q 2023). Net income: CN¥1.50b (down 41% from 1Q 2023). Profit margin: 7.0% (down from 8.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 25
Dividend of CN¥0.96 announced Shareholders will receive a dividend of CN¥0.96. Ex-date: 3rd June 2024 Payment date: 3rd July 2024 Dividend yield will be 5.5%, which is lower than the industry average of 11%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 6.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Apr 24
Anhui Conch Cement Company Limited, Annual General Meeting, May 30, 2024 Anhui Conch Cement Company Limited, Annual General Meeting, May 30, 2024, at 14:30 China Standard Time. Location: No. 39 Wenhua Road, Anhui, the People's Republic of China Wuhu City China Agenda: To consider and approve the report of the board of directors of the company for the year ended 31 December 2023; to consider and approve the report of the supervisory committee of the company for the year ended 31 December 2023; to consider and approve the appointment of Ernst & Young Hua Ming LLP and Ernst & Young as the PRC and international (financial) auditors of the company for the financial year ending 31 December 2024 respectively, the appointment of Ernst & Young Hua Ming LLP as the internal control auditor of the company for FY2024, and the determination of audit fees of the company for FY2024 of RMB 4.96 million; and to consider other matters. Annuncio • Apr 23
Anhui Conch Cement Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 03 July 2024 Anhui Conch Cement Company Limited proposed the payment of a final dividend of RMB 0.96 per share for the Year Ended 31 December 2023. Ex-dividend date is 03 June 2024. Record date is 12 June 2024. Payment date is 03 July 2024. Date of shareholders' approval is 30 May 2024. Buy Or Sell Opportunity • Apr 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.7% to HK$17.52. The fair value is estimated to be HK$14.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Annuncio • Mar 29
Anhui Conch Cement Company Limited to Report Q1, 2024 Results on Apr 27, 2024 Anhui Conch Cement Company Limited announced that they will report Q1, 2024 results on Apr 27, 2024 Reported Earnings • Mar 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CN¥1.97 (down from CN¥2.96 in FY 2022). Revenue: CN¥141.0b (up 6.8% from FY 2022). Net income: CN¥10.4b (down 33% from FY 2022). Profit margin: 7.4% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Annuncio • Mar 20
Anhui Conch Cement Company Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 03 July 2024 Anhui Conch Cement Company Limited at its board meeting held on 19 March 2024 approved the payment of a final dividend of RMB 0.96 per share (tax inclusive) is proposed for the Year Ended 31 December 2023. Payment date: 03 July 2024. Annuncio • Dec 29
Anhui Conch Cement Company Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 Anhui Conch Cement Company Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 Annuncio • Nov 05
Anhui Conch Cement Company Limited (SEHK:914) announces an Equity Buyback for CNY 600 million worth of its shares. Anhui Conch Cement Company Limited (SEHK:914) announces a share repurchase program. Under the program, the company will repurchase up to CNY 600 million worth of its shares. The shares will be purchased at a price not exceeding CNY 32.30 per share. The purpose of the program is to safeguard value and shareholders’ rights. The program will be funded from company's own funds. The program will be valid for 3 months. Annuncio • Nov 03
Anhui Conch Cement Company Limited Appoints Mr. He Chengfa as A Supervisor of the Ninth Session of the Supervisory Committee Anhui Conch Cement Company Limited elected and appointed Mr. He Chengfa as a Supervisor of the ninth session of the Supervisory Committee at the First Extraordinary General Meeting in 2023 held on 2 November 2023. Mr. He has been elected and appointed as a Supervisor of the ninth session of the Supervisory Committee at the EGM. His term of office became effective from the date of approval by the Shareholders at the EGM (that is 2 November 2023) until the date of expiry of the ninth session of the Supervisory Committee (which is expected to be on 30 May 2025). According to the Articles of Association, Mr. He is entitled to be re-elected at the Company's annual general meeting to serve consecutive terms. Mr. He Chengfa, born in January 1966, a senior engineer. Mr. He graduated from Wuhan Industrial University (now known as Wuhan University of Technology) in the PRC specialising in mechanical design and manufacturing. Mr. He joined the Group in 1990, and had been the deputy engineer-in-chief of Ningguo Cement Plant of the Group, head of the equipment department and deputy general manager of the Company. He has extensive experience in equipment management and corporate management. Mr. He is currently a party member, deputy general manager, executive deputy officer of the technology center of Anhui Conch Holdings Company Limited ("Conch Holdings"), a director and executive deputy general manager of Santan (Anhui) Institute of Science and Technology Co. Ltd. (a subsidiary of Conch Holdings), chairman of the board of directors of Anhui Conch Materials Design Institute Co. Ltd. (a subsidiary of Conch Holdings) and a director of Anhui Conch Information Technology Engineering Co. Ltd. (a subsidiary of Conch Holdings). Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.42 (vs CN¥0.48 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.42 (down from CN¥0.48 in 3Q 2022). Revenue: CN¥33.6b (up 16% from 3Q 2022). Net income: CN¥2.20b (down 14% from 3Q 2022). Profit margin: 6.6% (down from 8.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Annuncio • Sep 30
Anhui Conch Cement Company Limited to Report Q3, 2023 Results on Oct 28, 2023 Anhui Conch Cement Company Limited announced that they will report Q3, 2023 results on Oct 28, 2023 Annuncio • Sep 27
Anhui Conch Cement Company Limited Announces Resignation of Chairman of the Supervisory Committee Anhui Conch Cement Company Limited announced resignation of the Chairman of the Supervisory Committee Mr. Wu Xiaoming, the chairman of the Supervisory Committee cum a Supervisor, tendered a written resignation report on 26 September 2023 to the Supervisory Committee, applying for resignation from his role as the chairman of the Supervisory Committee cum a Supervisor due to his reaching of the statutory retirement age. The Supervisory Committee would like to express its sincere appreciation to Mr. Wu for his contribution to the Company during his term of office. Mr. Wu, the board of directors of the Company and the Supervisory Committee have confirmed that Mr. Wu has no disagreement with the Board and/or the Supervisory Committee, and there are no other matters in connection with Mr. Wu's resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. Major Estimate Revision • Aug 28
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥3.28 to CN¥2.93 per share. Revenue forecast steady at CN¥136.2b. Net income forecast to grow 33% next year vs 38% growth forecast for Basic Materials industry in Hong Kong. Consensus price target down from HK$31.30 to HK$29.00. Share price rose 5.8% to HK$22.00 over the past week. Reported Earnings • Aug 22
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: CN¥0.74 (down from CN¥0.93 in 2Q 2022). Revenue: CN¥34.1b (up 11% from 2Q 2022). Net income: CN¥3.92b (down 20% from 2Q 2022). Profit margin: 12% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 29% per year and the company’s share price has also fallen by 29% per year. Annuncio • Jun 28
Anhui Conch Cement Company Limited to Report First Half, 2023 Results on Aug 26, 2023 Anhui Conch Cement Company Limited announced that they will report first half, 2023 results on Aug 26, 2023 Annuncio • Jun 13
Anhui Conch Cement Company Limited Approves the Payment of the Final Dividend, Payable on June 20, 2023 Anhui Conch Cement Company Limited approved the payment of the Final Dividend of RMB 1.48 per share (tax inclusive) at the 2022 annual general meeting of the Company. The Final Dividend will be distributed on 20 June 2023 to the Shareholders whose names appear on the register of members of A Shares of the Company on 19 June 2023 and will be distributed on 30 June 2023 to those whose names appear on the register of members of H Shares of the Company on 12 June 2023. The Final Dividend payable to holders of H Shares shall be paid in Hong Kong dollar. The Hong Kong dollar exchange rate to be adopted shall be the average median rates (HKD 1.00 to RMB 0.90205) of the five business days in the PRC preceding the date of declaration of such dividend (31 May 2023, excluding that date) as announced by the People's Bank of China. Accordingly, the dividend per H Share is HKD 1.64071 (tax inclusive). Upcoming Dividend • May 26
Upcoming dividend of CN¥1.48 per share at 7.5% yield Eligible shareholders must have bought the stock before 02 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 7.5%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (7.4%). Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥2.96 (vs CN¥6.28 in FY 2021) Full year 2022 results: EPS: CN¥2.96 (down from CN¥6.28 in FY 2021). Revenue: CN¥132.0b (down 21% from FY 2021). Net income: CN¥15.7b (down 53% from FY 2021). Profit margin: 12% (down from 20% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Annuncio • Jan 31
Anhui Conch Cement Company Limited Provides Consolidated Earnings Guidance for the Year Ended 31 December 2022 Anhui Conch Cement Company Limited provided consolidated earnings guidance for the year ended 31 December 2022. The group's net profit for fiscal year 2022 is expected to decrease by RMB 16.634 billion to RMB 19.294 billion, representing a year-on-year reduction of 50% to 58%. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Samantha Ho was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to HK$23.30, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 4x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 43% over the past three years. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥29.1b (down 30% from 3Q 2021). Net income: CN¥2.58b (down 65% from 3Q 2021). Profit margin: 8.9% (down from 18% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: CN¥0.95 (down from CN¥1.73 in 2Q 2021). Revenue: CN¥30.8b (down 33% from 2Q 2021). Net income: CN¥5.05b (down 45% from 2Q 2021). Profit margin: 16% (down from 20% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 2.0% compared to a 1.7% decline forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to HK$32.70, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 4x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 14% over the past three years. Upcoming Dividend • May 26
Upcoming dividend of CN¥2.38 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 39% and the cash payout ratio is 96%. Trailing yield: 7.0%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (7.9%).