Board Change • May 20
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Chairman of the Supervisory Board Dachun Tian is the most experienced director on the board, commencing their role in 2021. Non-Independent Director Peihe Ding was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 31
BBMG Jidong Cement Group Co., Ltd to Report Q1, 2026 Results on Apr 30, 2026 BBMG Jidong Cement Group Co., Ltd announced that they will report Q1, 2026 results on Apr 30, 2026 Aankondiging • Mar 26
BBMG Jidong Cement Group Co., Ltd, Annual General Meeting, Apr 29, 2026 BBMG Jidong Cement Group Co., Ltd, Annual General Meeting, Apr 29, 2026, at 14:00 China Standard Time. Location: 27F, No. 27, Beisihuan Middle Road, Chaoyang District, Beijing China Aankondiging • Dec 31
BBMG Jidong Cement Group Co., Ltd to Report Fiscal Year 2025 Results on Mar 27, 2026 BBMG Jidong Cement Group Co., Ltd announced that they will report fiscal year 2025 results on Mar 27, 2026 Aankondiging • Oct 30
BBMG Jidong Cement Group Co., Ltd Elects GE Dong as Non-Independent Director BBMG Jidong Cement Group Co. Ltd. held its 4th Extraordinary General Meeting of 2025 on 28 October 2025, approved the Election of Ge Dong as a non-independent director. Aankondiging • Jul 02
Tangshan Jidong Cement Co.,Ltd. to Report First Half, 2025 Results on Aug 28, 2025 Tangshan Jidong Cement Co.,Ltd. announced that they will report first half, 2025 results on Aug 28, 2025 Aankondiging • Mar 31
Tangshan Jidong Cement Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Tangshan Jidong Cement Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Aankondiging • Mar 29
Tangshan Jidong Cement Co.,Ltd. Proposes Cash Dividend for 2024 Tangshan Jidong Cement Co.,Ltd. announced on 28 March 2025 the profit distribution proposal for 2024 as Cash dividend/10 shares (tax included): CNY 1.00000000. Aankondiging • Mar 28
Tangshan Jidong Cement Co.,Ltd., Annual General Meeting, Apr 29, 2025 Tangshan Jidong Cement Co.,Ltd., Annual General Meeting, Apr 29, 2025, at 14:00 China Standard Time. Location: 27F, No. 27, Beisihuan Middle Road, Chaoyang District, Beijing China Aankondiging • Dec 31
Tangshan Jidong Cement Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 28, 2025 Tangshan Jidong Cement Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 28, 2025 Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.19 (vs CN¥0.022 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.19 (up from CN¥0.022 in 3Q 2023). Revenue: CN¥7.34b (down 6.6% from 3Q 2023). Net income: CN¥509.4m (up CN¥451.9m from 3Q 2023). Profit margin: 6.9% (up from 0.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
Tangshan Jidong Cement Co.,Ltd. to Report Q3, 2024 Results on Oct 30, 2024 Tangshan Jidong Cement Co.,Ltd. announced that they will report Q3, 2024 results on Oct 30, 2024 Buy Or Sell Opportunity • Sep 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.7% to CN¥4.46. The fair value is estimated to be CN¥3.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 03
Now 21% overvalued Over the last 90 days, the stock has fallen 1.3% to CN¥4.44. The fair value is estimated to be CN¥3.67, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.11 (vs CN¥0.16 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.11 (down from CN¥0.16 in 2Q 2023). Revenue: CN¥7.88b (down 15% from 2Q 2023). Net income: CN¥292.5m (down 31% from 2Q 2023). Profit margin: 3.7% (down from 4.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Aankondiging • Jun 29
Tangshan Jidong Cement Co.,Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Tangshan Jidong Cement Co.,Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.41 loss per share (vs CN¥0.30 loss in 1Q 2023) First quarter 2024 results: CN¥0.41 loss per share (further deteriorated from CN¥0.30 loss in 1Q 2023). Revenue: CN¥3.34b (down 36% from 1Q 2023). Net loss: CN¥1.10b (loss widened 39% from 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 30
Tangshan Jidong Cement Co.,Ltd. to Report Q1, 2024 Results on Apr 27, 2024 Tangshan Jidong Cement Co.,Ltd. announced that they will report Q1, 2024 results on Apr 27, 2024 Aankondiging • Mar 28
Tangshan Jidong Cement Co.,Ltd., Annual General Meeting, Apr 26, 2024 Tangshan Jidong Cement Co.,Ltd., Annual General Meeting, Apr 26, 2024, at 14:00 China Standard Time. Location: 22F, Tower A, No. 36, Beisanhuan East Road, Dongcheng District, Beijing China Reported Earnings • Mar 28
Full year 2023 earnings released: CN¥0.56 loss per share (vs CN¥0.51 profit in FY 2022) Full year 2023 results: CN¥0.56 loss per share (down from CN¥0.51 profit in FY 2022). Revenue: CN¥28.2b (down 18% from FY 2022). Net loss: CN¥1.50b (down 210% from profit in FY 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 29
Tangshan Jidong Cement Co.,Ltd. Approves the Election of Zhu Yan as Non-Independent Director Tangshan Jidong Cement Co.,Ltd. at its Extraordinary General Meeting held on 27 February 2024 approved the election of Zhu Yan as non-independent director. Aankondiging • Dec 29
Tangshan Jidong Cement Co.,Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2024 Tangshan Jidong Cement Co.,Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2024 New Risk • Nov 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 10% 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 (10% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 379% Aankondiging • Nov 01
Tangshan Jidong Cement Co.,Ltd. Approves Election of Independent Directors Tangshan Jidong Cement Co.,Ltd. held its 2nd Extraordinary General Meeting of 2023 on 30 October 2023, during which it approved: 1. Election of independent directors, cumulative voting system applicable: Wang Jianxin, He Jie. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: CN¥0.018 (vs CN¥0.19 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.018 (down from CN¥0.19 in 3Q 2022). Revenue: CN¥7.86b (down 25% from 3Q 2022). Net income: CN¥46.7m (down 91% from 3Q 2022). Profit margin: 0.6% (down from 4.7% in 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 30
Tangshan Jidong Cement Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Tangshan Jidong Cement Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: CN¥0.16 (vs CN¥0.52 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.16 (down from CN¥0.52 in 2Q 2022). Revenue: CN¥9.30b (down 22% from 2Q 2022). Net income: CN¥423.2m (down 69% from 2Q 2022). Profit margin: 4.6% (down from 12% in 2Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: CN¥0.51 (vs CN¥1.77 in FY 2021) Full year 2022 results: EPS: CN¥0.51 (down from CN¥1.77 in FY 2021). Revenue: CN¥34.5b (down 4.9% from FY 2021). Net income: CN¥1.36b (down 52% from FY 2021). Profit margin: 3.9% (down from 7.7% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 24% per year. Board Change • Nov 16
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Director Peng Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: CN¥0.19 (vs CN¥0.38 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.19 (down from CN¥0.38 in 3Q 2021). Revenue: CN¥10.5b (up 6.3% from 3Q 2021). Net income: CN¥493.4m (down 17% from 3Q 2021). Profit margin: 4.7% (down from 6.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.52 (vs CN¥0.91 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.52. Revenue: CN¥11.9b (up 5.9% from 2Q 2021). Net income: CN¥1.37b (up 7.4% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 3.8%, compared to a 17% growth forecast for the Basic Materials industry in China. Board Change • May 28
Less than half of directors are independent Following 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. 6 non-independent directors. Independent Director Peng Wu was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: CN¥1.77 (down from CN¥1.96 in FY 2020). Revenue: CN¥36.3b (up 2.4% from FY 2020). Net income: CN¥2.81b (down 1.4% from FY 2020). Profit margin: 7.7% (down from 8.0% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 9.6%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.38 (vs CN¥0.77 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥9.89b (down 9.3% from 3Q 2020). Net income: CN¥593.0m (down 46% from 3Q 2020). Profit margin: 6.0% (down from 10.0% in 3Q 2020). The decrease in margin was driven by lower revenue. 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. Reported Earnings • Aug 19
Second quarter 2021 earnings released The company reported a mediocre second quarter result with flat earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥11.2b (flat on 2Q 2020). Net income: CN¥1.28b (flat on 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 25
First quarter 2021 earnings released: CN¥0.038 loss per share (vs CN¥0.25 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: CN¥5.10b (up 64% from 1Q 2020). Net loss: CN¥51.5m (loss narrowed 82% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS CN¥1.96 (vs CN¥1.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥35.5b (up 2.8% from FY 2019). Net income: CN¥2.85b (up 5.5% from FY 2019). Profit margin: 8.0% (up from 7.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 16
New 90-day high: CN¥15.82 The company is up 5.0% from a price of CN¥15.06 on 16 December 2020. Outperformed the Chinese market which is down 2.0% over the last 90 days. Lagged the Basic Materials industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥13.86 The company is down 8.0% from its price of CN¥14.99 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥79.23 per share. Is New 90 Day High Low • Dec 21
New 90-day low: CN¥14.91 The company is down 9.0% from its price of CN¥16.31 on 23 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥80.52 per share. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥14.99 The company is down 22% from its price of CN¥19.16 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥72.30 per share. Is New 90 Day High Low • Sep 24
New 90-day low: CN¥15.90 The company is down 4.0% from its price of CN¥16.55 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥54.56 per share. 
