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20.5%と13.8%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20.5%収益成長率20.46%EPS成長率Basic Materials 収益成長18.7%収益成長率13.8%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08 Jun 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$1.38, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 7.5% over the past year.Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to HK$1.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Basic Materials industry in Hong Kong. Total returns to shareholders of 20% over the past year.New Risk • Jun 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.お知らせ • May 30West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2025West China Cement Limited at the AGM held on 29 May 2026, approved to declare a final dividend of RMB 0.048 per ordinary share for the year ended 31 December 2025 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.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, 2025Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.02, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 29% over the past three years.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 4.0% growth forecast for the Basic Materials industry in Hong Kong. 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 Hong Kong dividend payers (7.4%). Lower than average of industry peers (4.9%).Reported Earnings • Apr 20Full 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 2.2% 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 but the company’s share price has only fallen by 7% 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 HK$1.3m worth of stockOn the 12th of April, Jianshun Cao sold around 1m shares on-market at roughly HK$1.09 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.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 1.6% 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 but the company’s share price has only fallen by 7% 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, 2024Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 36%After last week's 36% share price gain to HK$1.03, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 8.4% over the past three years.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 23First 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 2.8% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Board Change • Sep 15Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Tao Feng was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.業績と収益の成長予測SHSC:2233 - 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12/31/202814,2961,437N/AN/A212/31/202713,3461,4352,6104,643312/31/202610,9187661,4993,531212/31/20259,621880-1,1651,847N/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/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: 2233の予測収益成長率 (年間20.5% ) は 貯蓄率 ( 3% ) を上回っています。収益対市場: 2233の収益 ( 20.5% ) はHong Kong市場 ( 12.5% ) 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: 2233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: 2233の収益 ( 13.8% ) Hong Kong市場 ( 8.9% ) 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: 2233の収益 ( 13.8% ) 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: 2233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2026/07/14 17:49終値2026/07/14 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to HK$1.38, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 7.5% over the past year.
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to HK$1.63, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Basic Materials industry in Hong Kong. Total returns to shareholders of 20% over the past year.
New Risk • Jun 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
お知らせ • May 30West China Cement Limited Approves Final Dividend for the Year Ended 31 December 2025West China Cement Limited at the AGM held on 29 May 2026, approved to declare a final dividend of RMB 0.048 per ordinary share for the year ended 31 December 2025 to the shareholders of the Company which shall be paid out of the distributable reserve of the Company.
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
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to HK$1.02, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 29% over the past three years.
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 4.0% growth forecast for the Basic Materials industry in Hong Kong. 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 Hong Kong dividend payers (7.4%). Lower than average of industry peers (4.9%).
Reported Earnings • Apr 20Full 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 2.2% 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 but the company’s share price has only fallen by 7% 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 HK$1.3m worth of stockOn the 12th of April, Jianshun Cao sold around 1m shares on-market at roughly HK$1.09 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.
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 1.6% 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 but the company’s share price has only fallen by 7% 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
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improves as stock rises 36%After last week's 36% share price gain to HK$1.03, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Basic Materials industry in Hong Kong. Total loss to shareholders of 8.4% over the past three years.
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 23First 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 2.8% growth forecast for the Basic Materials industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Board Change • Sep 15Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Non-Executive Director Tao Feng was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.