View ValuationWest China Cement 将来の成長Future 基準チェック /46West China Cement利益と収益がそれぞれ年間20.1%と14.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.4% 20.5%なると予測されています。主要情報20.1%収益成長率20.46%EPS成長率Basic Materials 収益成長17.9%収益成長率14.3%将来の株主資本利益率9.42%アナリストカバレッジLow最終更新日19 Apr 2026今後の成長に関する最新情報お知らせ • Aug 16West China Cement Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022West China Cement Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected that the group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021 due to the following reasons: The Group recorded a foreign exchange gain of RMB 27.5 million during the six months ended 30 June 2022, which mainly related to the translation of other long-term payable from United States Dollar ('USD') to Meticais ('MZN') as well as the exchange difference incurred on intercompany balances between various subsidiaries within the Group with different functional currencies. This is compared with a foreign exchange gain of the Group of RMB 347.3 million for the six months ended 30 June 2021; The Group recorded a significant gain on disposal of an associate for the six months ended 30 June 2021 in the amount of RMB 79.3 million. The Group currently does not expect to record similar significant gain on disposal of an associate for the six months ended 30 June 2022; and There was an increase of finance costs of RMB 73.3 million during the six months ended 30 June 2022 mainly arising from the five-year senior notes with an aggregated principal amount of USD 600,000,000 due in 2026 (the 'Senior Notes') issued by the Company in July 2021.すべての更新を表示Recent updatesDeclared Dividend • May 20Dividend of CN¥0.048 announcedShareholders will receive a dividend of CN¥0.048. Ex-date: 3rd June 2026 Payment date: 31st July 2026 Dividend yield will be 20%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Ka Keung Lau was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Mar 24West China Cement Limited, Annual General Meeting, May 29, 2026West China Cement Limited, Annual General Meeting, May 29, 2026.お知らせ • Mar 09West China Cement Limited to Report Fiscal Year 2025 Results on Mar 23, 2026West China Cement Limited announced that they will report fiscal year 2025 results on Mar 23, 2026お知らせ • Aug 15West China Cement Limited to Report First Half, 2025 Results on Aug 25, 2025West China Cement Limited announced that they will report first half, 2025 results on Aug 25, 2025お知らせ • May 23West China Cement Limited Approves Final Dividend for the Year Ended December 31, 2024West China Cement Limited at the AGM held on 23 May 2025 approved to declared a final dividend of RMB 0.034 per ordinary share for the year ended 31 December 2024 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.お知らせ • Mar 25West China Cement Limited, Annual General Meeting, May 23, 2025West China Cement Limited, Annual General Meeting, May 23, 2025.お知らせ • Mar 24+ 1 more updateWest China Cement Limited Announces Executive Appointments, Change in Composition of Board CommitteeThe board of directors of West China Cement Limited announced that Mr. Lau Ka Keung has been appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 24 March 2025. The biographical details of Mr. Lau are set out below: Mr. Lau Ka Keung, BBS, MH, JP, aged 49, received his bachelor's degree in information technology from Manchester Metropolitan University, the United Kingdom in July 1997 and obtained his master's degree in business administration from University of Leicester, the United Kingdom in July 2008. Mr. Lau possesses more than 20 years of experience in business management. From August 2015 to April 2018, he served as a non-executive director at Nameson Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Since August 2016, Mr. Lau has been serving as an executive director and the chief executive officer of Million Cities Holdings Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 2892). In addition, he has been an independent non-executive directors of two other companies listed on the Main Board of the Stock Exchange: OrbusNeich Medical Group Holdings Limited (stock code: 6929) since September 2021 and Tianjin Development Holdings Limited (stock code: 882) since March 2023. In public service, Mr. Lau is currently a delegate of the Hong Kong Special Administrative Region to the 14th National People's Congress of the People's Republic of China, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, the Chairman of the 28th Hong Kong United Youth Association and the Vice Chairman of Joint Committee for the Promotion of the Basic Law of Hong Kong . The Board has designated Mr. Lee Kong Wai, Conway, an independent non-executive Director, to assume the position of the lead independent non-executive Director (Lead INED) with effect from 24 March 2025. Lead INED is not an executive position in the Company and does not have any management role in the Group. Mr. Lee's other positions at the Board and the relevant Board committees remain unchanged. The Board has appointed Ms. Wang Rui as an additional member of the nomination committee of the Company with effect from 24 March 2025.お知らせ • Mar 13West China Cement Limited to Report Fiscal Year 2024 Results on Mar 24, 2025West China Cement Limited announced that they will report fiscal year 2024 results on Mar 24, 2025Reported Earnings • Aug 22First half 2024 earnings released: EPS: CN¥0.071 (vs CN¥0.098 in 1H 2023)First half 2024 results: EPS: CN¥0.071 (down from CN¥0.098 in 1H 2023). Revenue: CN¥3.70b (down 16% from 1H 2023). Net income: CN¥386.9m (down 27% from 1H 2023). Profit margin: 11% (down from 12% in 1H 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Aug 07West China Cement Limited to Report First Half, 2024 Results on Aug 19, 2024West China Cement Limited announced that they will report first half, 2024 results on Aug 19, 2024お知らせ • May 26West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2023West China Cement Limited at its AGM held on 24 May 2024, approved final dividend of RMB 0.023 per ordinary share for the year ended 31 December 2023 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.Upcoming Dividend • May 22Upcoming dividend of CN¥0.023 per shareEligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.3%).Reported Earnings • Apr 21Full year 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.22 in FY 2022)Full year 2023 results: EPS: CN¥0.077 (down from CN¥0.22 in FY 2022). Revenue: CN¥9.02b (up 6.3% from FY 2022). Net income: CN¥421.3m (down 65% from FY 2022). Profit margin: 4.7% (down from 14% in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 17West China Cement Limited Announces Directorate ChangesThe board of directors of West China Cement Limited announced that, with effect from 16 April 2024: Mr. Wang Fayin has tendered his resignation as an executive Director of the Company due to adjustment in work arrangements with effective from 16 April 2024. Ms. Wang Rui has been appointed as an executive Director with effect from 16 April 2024. The biographical details of Ms. Wang are set out below: Ms. Wang, aged 45, is the vice chair and Party secretary of the general branch of Yaobai Special Cement Group Co. Ltd. She has held the position since January 2023 and is primarily responsible for overseeing the market management, procurement, logistics, and other operations of the Yaobai Group. Ms. Wang obtained a master's degree in business administration from the University of Management and Technology in June 2018. She joined the Group in December 1998 and held several positions, including: (i) manager of general administration of Pucheng Yaobai Special Cement Co. Ltd. () from December 1998 to December 2006; (ii) assistant general manager of Xi'an Lantian Yaobai Cement Co. Ltd. from January 2007 to August 2008; (iii) assistant general manager of Xi'an Yaobai Material Co. Ltd. from January 2007 to August 2008; (iv) chief administration officer of Yaobai Group from July 2009 to June 2010; (v) deputy general manager of sales department of Yaobai Group from July 2010 to September 2010; (vi) general manager of Yaobai Material from October 2010 to January 2015; (vii) vice president of Yaobai Group from January 2018 to December 2019; and (viii) the chief executive officer of the Yaobai Group from January 2020 to December 2022. She has won several rewards, such as being recognized as a High- level Talent in Xi'an, Outstanding Communist Party Member of the Ministry of Industry and Information of Shaanxi Province, and Outstanding Entrepreneur of National Building Material Industry.Recent Insider Transactions • Apr 16CEO & Executive Director recently sold €157k worth of stockOn the 12th of April, Jianshun Cao sold around 1m shares on-market at roughly €0.13 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jianshun's only on-market trade for the last 12 months.Declared Dividend • Mar 25Dividend of HK$0.023 announcedShareholders will receive a dividend of HK$0.023. Ex-date: 29th May 2024 Payment date: 31st July 2024 Dividend yield will be 20%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 261% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 21West China Cement Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 31 July 2024West China Cement Limited proposed final dividend of RMB 0.023 per share for the year ended December 31, 2023 at AGM to be held on 24 May 2024. Ex-dividend date: 29 May 2024. Record date 04 June 2024. Payment date 31 July 2024.お知らせ • Mar 19West China Cement Limited, Annual General Meeting, May 24, 2024West China Cement Limited, Annual General Meeting, May 24, 2024.Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.22 in FY 2022)Full year 2023 results: EPS: CN¥0.077 (down from CN¥0.22 in FY 2022). Revenue: CN¥9.02b (up 6.3% from FY 2022). Net income: CN¥421.3m (down 65% from FY 2022). Profit margin: 4.7% (down from 14% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Mar 08West China Cement Limited to Report Fiscal Year 2023 Results on Mar 18, 2024West China Cement Limited announced that they will report fiscal year 2023 results on Mar 18, 2024お知らせ • Jan 10West China Cement Limited Announces Board ChangesThe board of directors of West China Cement Limited announced that, with effect from 10 January 2024: Mr. Fan Changhong (Mr. Fan) has resigned as a non-executive director due to adjustment of work arrangements. Mr. Wang Zhixin (Mr. Wang') has been appointed as a non-executive Director. Mr. Wang, aged 50, graduated with a bachelor's degree in inorganic non-metallic materials from Wuhan University of Technology in June 2014. Mr. Wang has extensive experience in cement production management and external communication. From June 2004 to July 2014, he held various key positions at Anhui Huaining Conch Cement Co. Ltd., including (i) assistant to the factory director of the manufacturing branch from June 2004 to January 2006; (ii) deputy factory director of the manufacturing branch from February 2006 to March 2008; (iii) factory director of the manufacturing branch from March 2008 to June 2009; (iv) assistant to general manager from June 2009 to February 2011; and (v) deputy general manager from February 2011 to July 2014. From July 2014 to August 2020, Mr. Wang held two positions in Baoji Zhongxi Jinlinghe Cement Co. Ltd., including (i) executive deputy general manager from July 2014 to December 2015; and (ii) general manager from December 2015 to August 2020. From August 2020 to April 2023, Mr. Wang served as deputy director of the Shaanxi-Gansu Regional Committee of Anhui Conch Cement Company Limited (the Conch Cement'), general manager of Pingliang Conch Cement Co. Ltd. and Secretary of the Party Committee and general manager of Hami Hongyi Building Materials Co. Ltd. Mr. Wang has been the executive president of Shaanxi-Gansu Region of Conch Cement since October 2021.Reported Earnings • Sep 24First half 2023 earnings released: EPS: CN¥0.098 (vs CN¥0.12 in 1H 2022)First half 2023 results: EPS: CN¥0.098 (down from CN¥0.12 in 1H 2022). Revenue: CN¥4.40b (up 5.9% from 1H 2022). Net income: CN¥532.2m (down 19% from 1H 2022). Profit margin: 12% (down from 16% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year.New Risk • Aug 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.お知らせ • Aug 10West China Cement Limited to Report First Half, 2023 Results on Aug 21, 2023West China Cement Limited announced that they will report first half, 2023 results on Aug 21, 2023New Risk • Aug 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks High level of debt (67% net debt to equity). Paying a dividend despite having no free cash flows.お知らせ • Jun 08West China Cement Limited Announces Directorate ChangesThe board of directors of West China Cement Limited announced that, with effect from 7 June 2023 Mr. Wang Jingqian has resigned as a non-executive Director due to adjustment of work arrangements. Mr. Wang has confirmed that there is no disagreement with the Board or the Company and there are no matters which need to be brought to the attention of the shareholders of the Company (the ``Shareholders'') or The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') in relation to his resignation as a non- executive Director. Mr. Fan Zhan has been appointed as a non-executive Director with effect from 7 June 2023. The biographical details of Mr. Fan are set out below: Mr. Fan, aged 38, is a senior accountant. Mr. Fan Zhan graduated from Tongling University () in accounting in July 2006. Mr. Fan has extensive experience in finance and investment management. He is currently a deputy head of financial department in Anhui Conch Cement Company Limited () (the ``Conch Cement'') and an executive director of China Conch Environment Protection Holdings Limited (), whose shares are listed on the Main Board of the Stock Exchange (stock code: 0587). Prior to that, he served as an accountant and the financial head of Anhui Tongling Conch Cement Co. Ltd. () from July 2006 to March 2007 and from March 2007 to March 2008, respectively. From March 2008 to October 2017, Mr. Fan held various positions at Conch Cement, including (i) an accountant from March 2008 to December 2009; (ii) the head of the financial department from December 2009 to March 2011; and (iii) the assistant to department director from March 2011 to October 2017.お知らせ • May 26West China Cement Limited Approves Declare A Final Dividend for the Year Ended 31 December 2022West China Cement Limited at its AGM held on May 25, 2023, declared a final dividend of RMB 0.067 per ordinary share for the year ended 31 December 2022 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.Upcoming Dividend • May 23Upcoming dividend of CN¥0.067 per share at 7.5% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).Reported Earnings • Mar 29Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.29 in FY 2021)Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.29 in FY 2021). Revenue: CN¥8.49b (up 6.1% from FY 2021). Net income: CN¥1.21b (down 23% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.お知らせ • Feb 03+ 1 more updateWest China Cement Limited Announces Chief Executive Officer ChangesThe board of West China Cement Limited announced that, with effect from 2 February 2023 Dr. Ma Weiping has resigned as chief executive officer with effect from 2 February 2023 in order to devote more time to his other personal endeavours. Mr. Cao Jianshun has been appointed as chief executive officer with effect from 2 February 2023. Mr. Cao, aged 50, graduated with a bachelor's degree in economics management from Party School of Shaanxi Provincial Committee of the C.P.C and a master's degree in business administration from Northwest University in China. Mr. Cao has extensive management and technical experience in the building materials industry in China. He joined Yaobai Special Cement Group Co. Ltd., a wholly-owned subsidiary of the Company, in March 1994 and has held various key positions successively, including (i) director of Cement Machinery Factory of Yaobai Group from January 1997 to August 2005; (ii) director of No. 1 Cement Factory of Pucheng Yaobai Special Cement Co. Ltd. from August 2005 to June 2008; (iii) manager of Ankang Yaobai Cement Co. Ltd. from June 2008 to December 2012; and (iv) general manager in the Ankang Region of Yaobai Group from January 2013 to December 2015. Besides, Mr. Cao served as general manager of Chzhungtsai Mohir Cement LLC from January 2016 to December 2018 and vice president of International Cement Investment Management Company from January 2019 to January 2023. He has been the chairman and president of Yaobai Group since January 2023. With extensive experience in the building materials industry, Mr. Cao won the 'Shaanxi Provincial Building Materials Industry Advanced Individual' award.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Dong Zhu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 31First half 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 1H 2021)First half 2022 results: EPS: CN¥0.12 (down from CN¥0.19 in 1H 2021). Revenue: CN¥4.15b (down 1.9% from 1H 2021). Net income: CN¥658.2m (down 38% from 1H 2021). Profit margin: 16% (down from 25% in 1H 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 3.5% growth forecast for the Basic Materials industry in Germany. 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 10% per year, which means it is performing significantly worse than earnings.お知らせ • Aug 17West China Cement Limited to Report First Half, 2022 Results on Aug 29, 2022West China Cement Limited announced that they will report first half, 2022 results on Aug 29, 2022お知らせ • Aug 16West China Cement Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022West China Cement Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected that the group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021 due to the following reasons: The Group recorded a foreign exchange gain of RMB 27.5 million during the six months ended 30 June 2022, which mainly related to the translation of other long-term payable from United States Dollar ('USD') to Meticais ('MZN') as well as the exchange difference incurred on intercompany balances between various subsidiaries within the Group with different functional currencies. This is compared with a foreign exchange gain of the Group of RMB 347.3 million for the six months ended 30 June 2021; The Group recorded a significant gain on disposal of an associate for the six months ended 30 June 2021 in the amount of RMB 79.3 million. The Group currently does not expect to record similar significant gain on disposal of an associate for the six months ended 30 June 2022; and There was an increase of finance costs of RMB 73.3 million during the six months ended 30 June 2022 mainly arising from the five-year senior notes with an aggregated principal amount of USD 600,000,000 due in 2026 (the 'Senior Notes') issued by the Company in July 2021.お知らせ • Jul 13West China Cement Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on 29 July 2022West China Cement Limited announced Final Dividend of RMB 0.087 per share For The Year Ended 31 December 2021, payable on 29 July 2022. Ex-dividend date is 01 June 2022 and Record date is 07 June 2022.お知らせ • May 28West China Cement Limited Declares Final Dividend for the Year Ended 31 December 2021West China Cement Limited at it's AGM approved to declare a final dividend of RMB 0.087 per ordinary share for the year ended 31 December 2021 to the shareholders of the Company which shall be paid out of the distributablereserve of the Company.Upcoming Dividend • May 25Upcoming dividend of CN¥0.087 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.9%).Reported Earnings • Apr 28Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.29 in FY 2020). Revenue: CN¥8.00b (up 12% from FY 2020). Net income: CN¥1.59b (up 1.6% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Dong Zhu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 26West China Cement Limited Recommends the Payment of Final Dividend for the Year Ended 31 December 2021, Payable on or Around 29 July 2022The Board of West China Cement Limited recommended the payment of final dividend for the year ended 31 December 2021 of RMB 0.087 per Share which is subject to the approval of Shareholders at the Annual General Meeting. The final dividend, if approved by the Shareholders at the Annual General Meeting, will be paid on or around 29 July 2022 to Shareholders whose names appear on the register of members of the Company at the close of business on 7 June 2022.お知らせ • Apr 20West China Cement Limited Announces board ChangesWest China Cement Limited announced that Mr. Shi Guanglei (``Mr. Shi'') has resigned as a non-executive Director due to adjustment of work arrangements. Mr. Wang Jingqian has been appointed as a non-executive Director. Mr. Wang, aged 39, graduated from Xi'an Polytechnic University, the PRC in July 2004. Mr. Wang has extensive experience in financial management. He is currently a deputy director (work assignment) of the finance department and the secretary of the mission committee of Anhui Conch Cement Company Limited (``Anhui Couch'').Reported Earnings • Mar 29Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.29 in FY 2020). Revenue: CN¥8.00b (up 12% from FY 2020). Net income: CN¥1.59b (up 1.6% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.お知らせ • Mar 29West China Cement Limited, Annual General Meeting, May 27, 2022West China Cement Limited, Annual General Meeting, May 27, 2022. Agenda: To consider payment of a final dividend of RMB0.087 per ordinary share for the year ended 31 December 2021.お知らせ • Mar 28West China Cement Limited Proposes Final Dividend for the Year Ended 31 December 2021West China Cement Limited proposed Final Dividend of RMB 0.087 per share for the Year Ended 31 December 2021.お知らせ • Sep 08West China Cement Limited (SEHK:2233) entered into share purchase agreement to acquire an unknown stake in National Cement Share Company from East African Mining Corporation PLC for $17 million.West China Cement Limited (SEHK:2233) entered into share purchase agreement to acquire an unknown stake in National Cement Share Company from East African Mining Corporation PLC for $17 million on March 3, 2021. The transaction includes acquisition of 41,661 ordinary shares of 1,000 Birr each in the share capital of National Cement Share Company. In a related transaction, the share purchase agreement dated 16 July 2021 entered between Schulze Global Ethiopia Growth and Transformation Fund I L.P., West International and Schulze Global EGTF Cement Ltd. in relation to the sale and purchase of the EGTF Sale Shares, the share purchase agreement dated 16 July 2021 entered into between SGI Africa Cement Partners, L.P., Schulze Global Ethiopia Growth and Transformation Fund I L.P., West International and SGI Ethiopia Cement Ltd. in relation to the sale and purchase of the SGI Sale Shares and the subscription agreement dated 7 September 2021 entered into between East Africa Mining Corporation PLC, East Africa Group (Ethiopia) PLC, Ato Buzuayehu Tadele, WINBM, West International and NCSC for the subscription of new shares of NCSC. Post completion, West China Cement Limited would result in the direct and indirect interests of 61.9% in aggregate in National Cement Share Company. The transaction is subject to regulatory and antitrust approval. For the year ending June 30, 2020, National Cement Share Company reported revenues of $52.8 million, net income of $5.4 million and as of June 30, 2021, National Cement Share Company had net assets of $20.5 million.Reported Earnings • Sep 04First half 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥4.23b (up 41% from 1H 2020). Net income: CN¥1.06b (up 40% from 1H 2020). Profit margin: 25% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Executive Departure • Aug 03Non-Executive Director Shan Liu has left the companyOn the 23rd of July, Shan Liu's tenure as Non-Executive Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Shan's name. Shan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.50 years.お知らせ • Jun 09West China Cement Limited Declares Special Dividend for the Year Ended December 31, 2020, Payable on July 30, 2021West China Cement Limited announced declaration of a special dividend of RMB 0.034 per ordinary share the special dividend were approved by the shareholders at the annual general meeting of the company held on May 28, 2021. The special dividend will be paid in Hong Kong Dollars on July 30, 2021. Based on the exchange rate of RMB 1: HKD 1.215, being the median exchange rate of Renminbi to Hong Kong dollars as published by the People's Bank of China prevailing on May 28, 2021, the record date of the special dividend, the company announced that the amount of the special dividend payable per ordinary share for the year ended December 31, 2020 are HKD 0.041.お知らせ • May 29West China Cement Limited Declares Dividend for the Year Ended March 31, 2021West China Cement Limited announced at the AGM held on May 28, 2021 that the company approved to declare a dividend of RMB 0.086 per ordinary share for the year ended 31 December 2020 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.Upcoming Dividend • May 26Upcoming dividend of CN¥0.12 per shareEligible shareholders must have bought the stock before 02 June 2021. Payment date: 30 July 2021. Trailing yield: 7.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%).Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.13b (down 1.6% from FY 2019). Net income: CN¥1.56b (down 13% from FY 2019). Profit margin: 22% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Mar 31West China Cement Limited Recommends Special Dividend for the Year Ended 31 December 2020, Payable on or Around 30 July 2021At the Board meeting held on 29 March 2021, the Directors of West China Cement Limited announced that to celebrate the 10th anniversary of the listing of the Company and to reward the shareholders, the Directors also proposed to recommend the payment of a special dividend of RMB 0.034 per ordinary share for the year ended 31 December 2020. The special dividend is subject to approval by the shareholders at the forthcoming annual general meeting of the Company to be held on 28 May 2021, and will be paid to the shareholders whose names appear on the register of members of the Company at the close of business on 7 June 2021. The special dividend will be paid on or around 30 July 2021.Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.13b (down 1.6% from FY 2019). Net income: CN¥1.56b (down 13% from FY 2019). Profit margin: 22% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Mar 18West China Cement Limited to Report Fiscal Year 2020 Results on Mar 29, 2021West China Cement Limited announced that they will report fiscal year 2020 results on Mar 29, 2021Reported Earnings • Sep 29First half earnings releasedOver the last 12 months the company has reported total profits of CN¥1.76b, up 35% from the prior year. Total revenue was CN¥6.95b over the last 12 months, up 4.9% from the prior year.お知らせ • Aug 26West China Cement Limited Decides Not to Declare Dividend for the Interim Period Ended Six Months Ended 30 June 2020The directors of West China Cement Limited have determined that no dividend will be paid in respect of the interim period ended six months ended 30 June 2020 (six months ended 30 June 2019: RMB 3.6 cents per share).お知らせ • Aug 14West China Cement Limited to Report First Half, 2020 Results on Aug 24, 2020West China Cement Limited announced that they will report first half, 2020 results on Aug 24, 2020業績と収益の成長予測DB:WFG1 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202814,5471,435N/AN/A212/31/202713,4271,4232,6104,643312/31/202610,9907891,4993,531212/31/20259,621880-1,1651,847N/A9/30/20259,841934-1,0281,568N/A6/30/202510,061988-8911,288N/A3/31/20259,203807-5321,666N/A12/31/20248,345626-1742,043N/A9/30/20248,335451-1492,491N/A6/30/20248,324276-1242,940N/A3/31/20248,673349-1622,820N/A12/31/20239,021421-2002,700N/A9/30/20238,878755-3932,487N/A6/30/20238,7351,089-5872,274N/A3/31/20238,6121,152-6792,204N/A12/31/20228,4891,215-7712,135N/A9/30/20228,2061,201-5862,105N/A6/30/20227,9221,187-4012,075N/A3/31/20227,9621,386-1,0022,017N/A12/31/20218,0031,585-1,6031,960N/A9/30/20218,1791,725-1,4142,372N/A6/30/20218,3551,864-1,2242,784N/A3/31/20217,7431,712-6482,733N/A12/31/20207,1311,560-712,682N/A9/30/20207,0381,660-832,317N/A6/30/20206,9461,760-951,951N/A3/31/20207,0961,7814702,323N/A12/31/20197,2471,8011,0362,695N/A9/30/20196,9341,554N/A2,841N/A6/30/20196,6201,306N/A2,987N/A3/31/20196,2661,233N/A2,745N/A12/31/20185,9121,159N/A2,503N/A9/30/20185,5811,149N/A2,377N/A6/30/20185,2501,139N/A2,251N/A3/31/20185,005925N/A2,010N/A12/31/20174,760711N/A1,770N/A9/30/20174,481526N/A1,601N/A6/30/20174,202342N/A1,433N/A3/31/20173,961176N/A1,373N/A12/31/20163,71910N/A1,313N/A9/30/20163,579-207N/A974N/A6/30/20163,439-425N/A635N/A3/31/20163,470-367N/A554N/A12/31/20153,501-309N/A474N/A9/30/20153,539-216N/A642N/A6/30/20153,577-122N/A810N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: WFG1の予測収益成長率 (年間20.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: WFG1の収益 ( 20.1% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: WFG1の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: WFG1の収益 ( 14.3% ) German市場 ( 6.8% ) よりも速いペースで成長すると予測されています。高い収益成長: WFG1の収益 ( 14.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: WFG1の 自己資本利益率 は、3年後には低くなると予測されています ( 9.4 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 18:51終値2026/05/22 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋West China Cement Limited 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。14 アナリスト機関Felix LamCCB International Securities LimitedKevin YouCGS InternationalFelix LamDaiwa Securities Co. Ltd.11 その他のアナリストを表示
お知らせ • Aug 16West China Cement Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022West China Cement Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected that the group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021 due to the following reasons: The Group recorded a foreign exchange gain of RMB 27.5 million during the six months ended 30 June 2022, which mainly related to the translation of other long-term payable from United States Dollar ('USD') to Meticais ('MZN') as well as the exchange difference incurred on intercompany balances between various subsidiaries within the Group with different functional currencies. This is compared with a foreign exchange gain of the Group of RMB 347.3 million for the six months ended 30 June 2021; The Group recorded a significant gain on disposal of an associate for the six months ended 30 June 2021 in the amount of RMB 79.3 million. The Group currently does not expect to record similar significant gain on disposal of an associate for the six months ended 30 June 2022; and There was an increase of finance costs of RMB 73.3 million during the six months ended 30 June 2022 mainly arising from the five-year senior notes with an aggregated principal amount of USD 600,000,000 due in 2026 (the 'Senior Notes') issued by the Company in July 2021.
Declared Dividend • May 20Dividend of CN¥0.048 announcedShareholders will receive a dividend of CN¥0.048. Ex-date: 3rd June 2026 Payment date: 31st July 2026 Dividend yield will be 20%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Non-Executive Director Ka Keung Lau was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 24West China Cement Limited, Annual General Meeting, May 29, 2026West China Cement Limited, Annual General Meeting, May 29, 2026.
お知らせ • Mar 09West China Cement Limited to Report Fiscal Year 2025 Results on Mar 23, 2026West China Cement Limited announced that they will report fiscal year 2025 results on Mar 23, 2026
お知らせ • Aug 15West China Cement Limited to Report First Half, 2025 Results on Aug 25, 2025West China Cement Limited announced that they will report first half, 2025 results on Aug 25, 2025
お知らせ • May 23West China Cement Limited Approves Final Dividend for the Year Ended December 31, 2024West China Cement Limited at the AGM held on 23 May 2025 approved to declared a final dividend of RMB 0.034 per ordinary share for the year ended 31 December 2024 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.
お知らせ • Mar 25West China Cement Limited, Annual General Meeting, May 23, 2025West China Cement Limited, Annual General Meeting, May 23, 2025.
お知らせ • Mar 24+ 1 more updateWest China Cement Limited Announces Executive Appointments, Change in Composition of Board CommitteeThe board of directors of West China Cement Limited announced that Mr. Lau Ka Keung has been appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 24 March 2025. The biographical details of Mr. Lau are set out below: Mr. Lau Ka Keung, BBS, MH, JP, aged 49, received his bachelor's degree in information technology from Manchester Metropolitan University, the United Kingdom in July 1997 and obtained his master's degree in business administration from University of Leicester, the United Kingdom in July 2008. Mr. Lau possesses more than 20 years of experience in business management. From August 2015 to April 2018, he served as a non-executive director at Nameson Holdings Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Since August 2016, Mr. Lau has been serving as an executive director and the chief executive officer of Million Cities Holdings Limited, a company listed on the Main Board of the Stock Exchange (Stock Code: 2892). In addition, he has been an independent non-executive directors of two other companies listed on the Main Board of the Stock Exchange: OrbusNeich Medical Group Holdings Limited (stock code: 6929) since September 2021 and Tianjin Development Holdings Limited (stock code: 882) since March 2023. In public service, Mr. Lau is currently a delegate of the Hong Kong Special Administrative Region to the 14th National People's Congress of the People's Republic of China, a member of the 13th National Committee of the Chinese People's Political Consultative Conference, the Chairman of the 28th Hong Kong United Youth Association and the Vice Chairman of Joint Committee for the Promotion of the Basic Law of Hong Kong . The Board has designated Mr. Lee Kong Wai, Conway, an independent non-executive Director, to assume the position of the lead independent non-executive Director (Lead INED) with effect from 24 March 2025. Lead INED is not an executive position in the Company and does not have any management role in the Group. Mr. Lee's other positions at the Board and the relevant Board committees remain unchanged. The Board has appointed Ms. Wang Rui as an additional member of the nomination committee of the Company with effect from 24 March 2025.
お知らせ • Mar 13West China Cement Limited to Report Fiscal Year 2024 Results on Mar 24, 2025West China Cement Limited announced that they will report fiscal year 2024 results on Mar 24, 2025
Reported Earnings • Aug 22First half 2024 earnings released: EPS: CN¥0.071 (vs CN¥0.098 in 1H 2023)First half 2024 results: EPS: CN¥0.071 (down from CN¥0.098 in 1H 2023). Revenue: CN¥3.70b (down 16% from 1H 2023). Net income: CN¥386.9m (down 27% from 1H 2023). Profit margin: 11% (down from 12% in 1H 2023). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 07West China Cement Limited to Report First Half, 2024 Results on Aug 19, 2024West China Cement Limited announced that they will report first half, 2024 results on Aug 19, 2024
お知らせ • May 26West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2023West China Cement Limited at its AGM held on 24 May 2024, approved final dividend of RMB 0.023 per ordinary share for the year ended 31 December 2023 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.
Upcoming Dividend • May 22Upcoming dividend of CN¥0.023 per shareEligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.3%).
Reported Earnings • Apr 21Full year 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.22 in FY 2022)Full year 2023 results: EPS: CN¥0.077 (down from CN¥0.22 in FY 2022). Revenue: CN¥9.02b (up 6.3% from FY 2022). Net income: CN¥421.3m (down 65% from FY 2022). Profit margin: 4.7% (down from 14% in FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 17West China Cement Limited Announces Directorate ChangesThe board of directors of West China Cement Limited announced that, with effect from 16 April 2024: Mr. Wang Fayin has tendered his resignation as an executive Director of the Company due to adjustment in work arrangements with effective from 16 April 2024. Ms. Wang Rui has been appointed as an executive Director with effect from 16 April 2024. The biographical details of Ms. Wang are set out below: Ms. Wang, aged 45, is the vice chair and Party secretary of the general branch of Yaobai Special Cement Group Co. Ltd. She has held the position since January 2023 and is primarily responsible for overseeing the market management, procurement, logistics, and other operations of the Yaobai Group. Ms. Wang obtained a master's degree in business administration from the University of Management and Technology in June 2018. She joined the Group in December 1998 and held several positions, including: (i) manager of general administration of Pucheng Yaobai Special Cement Co. Ltd. () from December 1998 to December 2006; (ii) assistant general manager of Xi'an Lantian Yaobai Cement Co. Ltd. from January 2007 to August 2008; (iii) assistant general manager of Xi'an Yaobai Material Co. Ltd. from January 2007 to August 2008; (iv) chief administration officer of Yaobai Group from July 2009 to June 2010; (v) deputy general manager of sales department of Yaobai Group from July 2010 to September 2010; (vi) general manager of Yaobai Material from October 2010 to January 2015; (vii) vice president of Yaobai Group from January 2018 to December 2019; and (viii) the chief executive officer of the Yaobai Group from January 2020 to December 2022. She has won several rewards, such as being recognized as a High- level Talent in Xi'an, Outstanding Communist Party Member of the Ministry of Industry and Information of Shaanxi Province, and Outstanding Entrepreneur of National Building Material Industry.
Recent Insider Transactions • Apr 16CEO & Executive Director recently sold €157k worth of stockOn the 12th of April, Jianshun Cao sold around 1m shares on-market at roughly €0.13 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jianshun's only on-market trade for the last 12 months.
Declared Dividend • Mar 25Dividend of HK$0.023 announcedShareholders will receive a dividend of HK$0.023. Ex-date: 29th May 2024 Payment date: 31st July 2024 Dividend yield will be 20%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 261% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 21West China Cement Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 31 July 2024West China Cement Limited proposed final dividend of RMB 0.023 per share for the year ended December 31, 2023 at AGM to be held on 24 May 2024. Ex-dividend date: 29 May 2024. Record date 04 June 2024. Payment date 31 July 2024.
お知らせ • Mar 19West China Cement Limited, Annual General Meeting, May 24, 2024West China Cement Limited, Annual General Meeting, May 24, 2024.
Reported Earnings • Mar 19Full year 2023 earnings released: EPS: CN¥0.077 (vs CN¥0.22 in FY 2022)Full year 2023 results: EPS: CN¥0.077 (down from CN¥0.22 in FY 2022). Revenue: CN¥9.02b (up 6.3% from FY 2022). Net income: CN¥421.3m (down 65% from FY 2022). Profit margin: 4.7% (down from 14% in FY 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 08West China Cement Limited to Report Fiscal Year 2023 Results on Mar 18, 2024West China Cement Limited announced that they will report fiscal year 2023 results on Mar 18, 2024
お知らせ • Jan 10West China Cement Limited Announces Board ChangesThe board of directors of West China Cement Limited announced that, with effect from 10 January 2024: Mr. Fan Changhong (Mr. Fan) has resigned as a non-executive director due to adjustment of work arrangements. Mr. Wang Zhixin (Mr. Wang') has been appointed as a non-executive Director. Mr. Wang, aged 50, graduated with a bachelor's degree in inorganic non-metallic materials from Wuhan University of Technology in June 2014. Mr. Wang has extensive experience in cement production management and external communication. From June 2004 to July 2014, he held various key positions at Anhui Huaining Conch Cement Co. Ltd., including (i) assistant to the factory director of the manufacturing branch from June 2004 to January 2006; (ii) deputy factory director of the manufacturing branch from February 2006 to March 2008; (iii) factory director of the manufacturing branch from March 2008 to June 2009; (iv) assistant to general manager from June 2009 to February 2011; and (v) deputy general manager from February 2011 to July 2014. From July 2014 to August 2020, Mr. Wang held two positions in Baoji Zhongxi Jinlinghe Cement Co. Ltd., including (i) executive deputy general manager from July 2014 to December 2015; and (ii) general manager from December 2015 to August 2020. From August 2020 to April 2023, Mr. Wang served as deputy director of the Shaanxi-Gansu Regional Committee of Anhui Conch Cement Company Limited (the Conch Cement'), general manager of Pingliang Conch Cement Co. Ltd. and Secretary of the Party Committee and general manager of Hami Hongyi Building Materials Co. Ltd. Mr. Wang has been the executive president of Shaanxi-Gansu Region of Conch Cement since October 2021.
Reported Earnings • Sep 24First half 2023 earnings released: EPS: CN¥0.098 (vs CN¥0.12 in 1H 2022)First half 2023 results: EPS: CN¥0.098 (down from CN¥0.12 in 1H 2022). Revenue: CN¥4.40b (up 5.9% from 1H 2022). Net income: CN¥532.2m (down 19% from 1H 2022). Profit margin: 12% (down from 16% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year.
New Risk • Aug 22New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Paying a dividend despite having no free cash flows.
お知らせ • Aug 10West China Cement Limited to Report First Half, 2023 Results on Aug 21, 2023West China Cement Limited announced that they will report first half, 2023 results on Aug 21, 2023
New Risk • Aug 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks High level of debt (67% net debt to equity). Paying a dividend despite having no free cash flows.
お知らせ • Jun 08West China Cement Limited Announces Directorate ChangesThe board of directors of West China Cement Limited announced that, with effect from 7 June 2023 Mr. Wang Jingqian has resigned as a non-executive Director due to adjustment of work arrangements. Mr. Wang has confirmed that there is no disagreement with the Board or the Company and there are no matters which need to be brought to the attention of the shareholders of the Company (the ``Shareholders'') or The Stock Exchange of Hong Kong Limited (the ``Stock Exchange'') in relation to his resignation as a non- executive Director. Mr. Fan Zhan has been appointed as a non-executive Director with effect from 7 June 2023. The biographical details of Mr. Fan are set out below: Mr. Fan, aged 38, is a senior accountant. Mr. Fan Zhan graduated from Tongling University () in accounting in July 2006. Mr. Fan has extensive experience in finance and investment management. He is currently a deputy head of financial department in Anhui Conch Cement Company Limited () (the ``Conch Cement'') and an executive director of China Conch Environment Protection Holdings Limited (), whose shares are listed on the Main Board of the Stock Exchange (stock code: 0587). Prior to that, he served as an accountant and the financial head of Anhui Tongling Conch Cement Co. Ltd. () from July 2006 to March 2007 and from March 2007 to March 2008, respectively. From March 2008 to October 2017, Mr. Fan held various positions at Conch Cement, including (i) an accountant from March 2008 to December 2009; (ii) the head of the financial department from December 2009 to March 2011; and (iii) the assistant to department director from March 2011 to October 2017.
お知らせ • May 26West China Cement Limited Approves Declare A Final Dividend for the Year Ended 31 December 2022West China Cement Limited at its AGM held on May 25, 2023, declared a final dividend of RMB 0.067 per ordinary share for the year ended 31 December 2022 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.
Upcoming Dividend • May 23Upcoming dividend of CN¥0.067 per share at 7.5% yieldEligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 7.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: CN¥0.22 (vs CN¥0.29 in FY 2021)Full year 2022 results: EPS: CN¥0.22 (down from CN¥0.29 in FY 2021). Revenue: CN¥8.49b (up 6.1% from FY 2021). Net income: CN¥1.21b (down 23% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.
お知らせ • Feb 03+ 1 more updateWest China Cement Limited Announces Chief Executive Officer ChangesThe board of West China Cement Limited announced that, with effect from 2 February 2023 Dr. Ma Weiping has resigned as chief executive officer with effect from 2 February 2023 in order to devote more time to his other personal endeavours. Mr. Cao Jianshun has been appointed as chief executive officer with effect from 2 February 2023. Mr. Cao, aged 50, graduated with a bachelor's degree in economics management from Party School of Shaanxi Provincial Committee of the C.P.C and a master's degree in business administration from Northwest University in China. Mr. Cao has extensive management and technical experience in the building materials industry in China. He joined Yaobai Special Cement Group Co. Ltd., a wholly-owned subsidiary of the Company, in March 1994 and has held various key positions successively, including (i) director of Cement Machinery Factory of Yaobai Group from January 1997 to August 2005; (ii) director of No. 1 Cement Factory of Pucheng Yaobai Special Cement Co. Ltd. from August 2005 to June 2008; (iii) manager of Ankang Yaobai Cement Co. Ltd. from June 2008 to December 2012; and (iv) general manager in the Ankang Region of Yaobai Group from January 2013 to December 2015. Besides, Mr. Cao served as general manager of Chzhungtsai Mohir Cement LLC from January 2016 to December 2018 and vice president of International Cement Investment Management Company from January 2019 to January 2023. He has been the chairman and president of Yaobai Group since January 2023. With extensive experience in the building materials industry, Mr. Cao won the 'Shaanxi Provincial Building Materials Industry Advanced Individual' award.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Dong Zhu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 31First half 2022 earnings released: EPS: CN¥0.12 (vs CN¥0.19 in 1H 2021)First half 2022 results: EPS: CN¥0.12 (down from CN¥0.19 in 1H 2021). Revenue: CN¥4.15b (down 1.9% from 1H 2021). Net income: CN¥658.2m (down 38% from 1H 2021). Profit margin: 16% (down from 25% in 1H 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 3.5% growth forecast for the Basic Materials industry in Germany. 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 10% per year, which means it is performing significantly worse than earnings.
お知らせ • Aug 17West China Cement Limited to Report First Half, 2022 Results on Aug 29, 2022West China Cement Limited announced that they will report first half, 2022 results on Aug 29, 2022
お知らせ • Aug 16West China Cement Limited Provides Earnings Guidance for the Six Months Ended June 30, 2022West China Cement Limited provided earnings guidance for the six months ended June 30, 2022. For the six months, the company expected that the group's net profit attributable to the Shareholders will decrease by approximately 40% to 45% for the six months ended 30 June 2022 as compared to the six months ended 30 June 2021 due to the following reasons: The Group recorded a foreign exchange gain of RMB 27.5 million during the six months ended 30 June 2022, which mainly related to the translation of other long-term payable from United States Dollar ('USD') to Meticais ('MZN') as well as the exchange difference incurred on intercompany balances between various subsidiaries within the Group with different functional currencies. This is compared with a foreign exchange gain of the Group of RMB 347.3 million for the six months ended 30 June 2021; The Group recorded a significant gain on disposal of an associate for the six months ended 30 June 2021 in the amount of RMB 79.3 million. The Group currently does not expect to record similar significant gain on disposal of an associate for the six months ended 30 June 2022; and There was an increase of finance costs of RMB 73.3 million during the six months ended 30 June 2022 mainly arising from the five-year senior notes with an aggregated principal amount of USD 600,000,000 due in 2026 (the 'Senior Notes') issued by the Company in July 2021.
お知らせ • Jul 13West China Cement Limited Announces Final Dividend for the Year Ended 31 December 2021, Payable on 29 July 2022West China Cement Limited announced Final Dividend of RMB 0.087 per share For The Year Ended 31 December 2021, payable on 29 July 2022. Ex-dividend date is 01 June 2022 and Record date is 07 June 2022.
お知らせ • May 28West China Cement Limited Declares Final Dividend for the Year Ended 31 December 2021West China Cement Limited at it's AGM approved to declare a final dividend of RMB 0.087 per ordinary share for the year ended 31 December 2021 to the shareholders of the Company which shall be paid out of the distributablereserve of the Company.
Upcoming Dividend • May 25Upcoming dividend of CN¥0.087 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 9.0%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.9%).
Reported Earnings • Apr 28Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.29 in FY 2020). Revenue: CN¥8.00b (up 12% from FY 2020). Net income: CN¥1.59b (up 1.6% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 16%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Dong Zhu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 26West China Cement Limited Recommends the Payment of Final Dividend for the Year Ended 31 December 2021, Payable on or Around 29 July 2022The Board of West China Cement Limited recommended the payment of final dividend for the year ended 31 December 2021 of RMB 0.087 per Share which is subject to the approval of Shareholders at the Annual General Meeting. The final dividend, if approved by the Shareholders at the Annual General Meeting, will be paid on or around 29 July 2022 to Shareholders whose names appear on the register of members of the Company at the close of business on 7 June 2022.
お知らせ • Apr 20West China Cement Limited Announces board ChangesWest China Cement Limited announced that Mr. Shi Guanglei (``Mr. Shi'') has resigned as a non-executive Director due to adjustment of work arrangements. Mr. Wang Jingqian has been appointed as a non-executive Director. Mr. Wang, aged 39, graduated from Xi'an Polytechnic University, the PRC in July 2004. Mr. Wang has extensive experience in financial management. He is currently a deputy director (work assignment) of the finance department and the secretary of the mission committee of Anhui Conch Cement Company Limited (``Anhui Couch'').
Reported Earnings • Mar 29Full year 2021 earnings released: EPS: CN¥0.29 (vs CN¥0.29 in FY 2020)Full year 2021 results: EPS: CN¥0.29 (up from CN¥0.29 in FY 2020). Revenue: CN¥8.00b (up 12% from FY 2020). Net income: CN¥1.59b (up 1.6% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.6%, compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.
お知らせ • Mar 29West China Cement Limited, Annual General Meeting, May 27, 2022West China Cement Limited, Annual General Meeting, May 27, 2022. Agenda: To consider payment of a final dividend of RMB0.087 per ordinary share for the year ended 31 December 2021.
お知らせ • Mar 28West China Cement Limited Proposes Final Dividend for the Year Ended 31 December 2021West China Cement Limited proposed Final Dividend of RMB 0.087 per share for the Year Ended 31 December 2021.
お知らせ • Sep 08West China Cement Limited (SEHK:2233) entered into share purchase agreement to acquire an unknown stake in National Cement Share Company from East African Mining Corporation PLC for $17 million.West China Cement Limited (SEHK:2233) entered into share purchase agreement to acquire an unknown stake in National Cement Share Company from East African Mining Corporation PLC for $17 million on March 3, 2021. The transaction includes acquisition of 41,661 ordinary shares of 1,000 Birr each in the share capital of National Cement Share Company. In a related transaction, the share purchase agreement dated 16 July 2021 entered between Schulze Global Ethiopia Growth and Transformation Fund I L.P., West International and Schulze Global EGTF Cement Ltd. in relation to the sale and purchase of the EGTF Sale Shares, the share purchase agreement dated 16 July 2021 entered into between SGI Africa Cement Partners, L.P., Schulze Global Ethiopia Growth and Transformation Fund I L.P., West International and SGI Ethiopia Cement Ltd. in relation to the sale and purchase of the SGI Sale Shares and the subscription agreement dated 7 September 2021 entered into between East Africa Mining Corporation PLC, East Africa Group (Ethiopia) PLC, Ato Buzuayehu Tadele, WINBM, West International and NCSC for the subscription of new shares of NCSC. Post completion, West China Cement Limited would result in the direct and indirect interests of 61.9% in aggregate in National Cement Share Company. The transaction is subject to regulatory and antitrust approval. For the year ending June 30, 2020, National Cement Share Company reported revenues of $52.8 million, net income of $5.4 million and as of June 30, 2021, National Cement Share Company had net assets of $20.5 million.
Reported Earnings • Sep 04First half 2021 earnings released: EPS CN¥0.19 (vs CN¥0.14 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: CN¥4.23b (up 41% from 1H 2020). Net income: CN¥1.06b (up 40% from 1H 2020). Profit margin: 25% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Executive Departure • Aug 03Non-Executive Director Shan Liu has left the companyOn the 23rd of July, Shan Liu's tenure as Non-Executive Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Shan's name. Shan is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 6.50 years.
お知らせ • Jun 09West China Cement Limited Declares Special Dividend for the Year Ended December 31, 2020, Payable on July 30, 2021West China Cement Limited announced declaration of a special dividend of RMB 0.034 per ordinary share the special dividend were approved by the shareholders at the annual general meeting of the company held on May 28, 2021. The special dividend will be paid in Hong Kong Dollars on July 30, 2021. Based on the exchange rate of RMB 1: HKD 1.215, being the median exchange rate of Renminbi to Hong Kong dollars as published by the People's Bank of China prevailing on May 28, 2021, the record date of the special dividend, the company announced that the amount of the special dividend payable per ordinary share for the year ended December 31, 2020 are HKD 0.041.
お知らせ • May 29West China Cement Limited Declares Dividend for the Year Ended March 31, 2021West China Cement Limited announced at the AGM held on May 28, 2021 that the company approved to declare a dividend of RMB 0.086 per ordinary share for the year ended 31 December 2020 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.
Upcoming Dividend • May 26Upcoming dividend of CN¥0.12 per shareEligible shareholders must have bought the stock before 02 June 2021. Payment date: 30 July 2021. Trailing yield: 7.8%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%).
Reported Earnings • Apr 25Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.13b (down 1.6% from FY 2019). Net income: CN¥1.56b (down 13% from FY 2019). Profit margin: 22% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Mar 31West China Cement Limited Recommends Special Dividend for the Year Ended 31 December 2020, Payable on or Around 30 July 2021At the Board meeting held on 29 March 2021, the Directors of West China Cement Limited announced that to celebrate the 10th anniversary of the listing of the Company and to reward the shareholders, the Directors also proposed to recommend the payment of a special dividend of RMB 0.034 per ordinary share for the year ended 31 December 2020. The special dividend is subject to approval by the shareholders at the forthcoming annual general meeting of the Company to be held on 28 May 2021, and will be paid to the shareholders whose names appear on the register of members of the Company at the close of business on 7 June 2021. The special dividend will be paid on or around 30 July 2021.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS CN¥0.29 (vs CN¥0.33 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥7.13b (down 1.6% from FY 2019). Net income: CN¥1.56b (down 13% from FY 2019). Profit margin: 22% (down from 25% in FY 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Mar 18West China Cement Limited to Report Fiscal Year 2020 Results on Mar 29, 2021West China Cement Limited announced that they will report fiscal year 2020 results on Mar 29, 2021
Reported Earnings • Sep 29First half earnings releasedOver the last 12 months the company has reported total profits of CN¥1.76b, up 35% from the prior year. Total revenue was CN¥6.95b over the last 12 months, up 4.9% from the prior year.
お知らせ • Aug 26West China Cement Limited Decides Not to Declare Dividend for the Interim Period Ended Six Months Ended 30 June 2020The directors of West China Cement Limited have determined that no dividend will be paid in respect of the interim period ended six months ended 30 June 2020 (six months ended 30 June 2019: RMB 3.6 cents per share).
お知らせ • Aug 14West China Cement Limited to Report First Half, 2020 Results on Aug 24, 2020West China Cement Limited announced that they will report first half, 2020 results on Aug 24, 2020