Announcement • May 30
Huaxin Building Materials Group Co., Ltd. Approves Final Ordinary Cash Dividend for the Year Ended December 31, 2025, Payable on 24 July 2026 Huaxin Building Materials Group Co., Ltd. at its AGM held on May 28, 2026, approved final ordinary cash dividend of RMB 0.21 per H share for the year ended December 31, 2025. Ex-dividend date is 01 June 2026, Record date is 05 June 2026, Payment date is 24 July 2026. Announcement • May 28
Huaxin Building Materials Group Co., Ltd. Appoints Ming Jinhua as Non-Executive Director, Effective 28 May 2026 Huaxin Building Materials Group Co., Ltd. at its Annual General Meeting held on 28 May 2026, approved the Proposal on Electing Mr. Ming Jinhua as a Non-executive Director Candidate for the Eleventh Board of Directors. Reported Earnings • Apr 30
First quarter 2026 earnings released: EPS: CN¥0.30 (vs CN¥0.11 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.30 (up from CN¥0.11 in 1Q 2025). Revenue: CN¥8.91b (up 24% from 1Q 2025). Net income: CN¥630.1m (up 169% from 1Q 2025). Profit margin: 7.1% (up from 3.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Basic Materials industry in China. 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 14% per year. Announcement • Apr 29
Huaxin Building Materials Group Co., Ltd., Annual General Meeting, May 28, 2026 Huaxin Building Materials Group Co., Ltd., Annual General Meeting, May 28, 2026, at 14:30 China Standard Time. Location: companys conference room on 2/f, block b, huaxin building, no. 426 gaoxin avenue, east lake high-tech development zone, hubei province, wuhan city, China Price Target Changed • Apr 24
Price target increased by 13% to CN¥24.53 Up from CN¥21.73, the current price target is an average from 4 analysts. New target price is 6.2% above last closing price of CN¥23.10. Stock is up 79% over the past year. The company is forecast to post earnings per share of CN¥1.76 for next year compared to CN¥1.37 last year. New Risk • Apr 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 30
Huaxin Building Materials Group Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Huaxin Building Materials Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥1.37 (up from CN¥1.16 in FY 2024). Revenue: CN¥35.3b (up 3.3% from FY 2024). Net income: CN¥2.85b (up 18% from FY 2024). Profit margin: 8.1% (up from 7.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 5.1%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 9% per year. Announcement • Jan 28
Huaxin Cement Co., Ltd. Provides Earnings Guidance for the Period from January 1, 2025 to December 31, 2025 Huaxin Cement Co., Ltd. provided earnings guidance for the period from January 1, 2025 to December 31, 2025. According to the preliminary accounting of the Financial Department of the Company, it is estimated that the net profit attributable to owners of the parent Company for the year of 2025 will range from RMB 2,700 million to 2,950 million, representing an increase of RMB 280 million to RMB 530 million or an increase of 11.6% to 21.9% as compared with the same period last year. It is estimated that the net profit attributable to owners of the parent company after deducting non-recurring items for the year of 2025 will range from RMB 2,580 million to RMB 2,760 million, representing an increase of RMB 800 million to RMB 980 million, or an increase of 45% to 55% as compared with the same period last year. During the reporting period, the company's overseas business continued to scale up and made a significant contribution to results. Meanwhile, the domestic business continued to face an intensely competitive market environment; however, benefiting from lower fuel costs and the company's unwavering efforts to deepen various cost-reduction and efficiency-enhancement initiatives, the unit profitability of major products showed a recovery. Announcement • Dec 26
Huaxin Building Materials Group Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2026 Huaxin Building Materials Group Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2026 Price Target Changed • Nov 10
Price target increased by 11% to CN¥21.18 Up from CN¥19.14, the current price target is an average from 6 analysts. New target price is 14% below last closing price of CN¥24.57. Stock is up 76% over the past year. The company is forecast to post earnings per share of CN¥1.46 for next year compared to CN¥1.16 last year. Buy Or Sell Opportunity • Nov 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 49% to CN¥22.96. The fair value is estimated to be CN¥19.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 3.4%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 2.8% in the next 2 years. Major Estimate Revision • Oct 31
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥35.4b to CN¥37.3b. EPS estimate increased from CN¥1.28 to CN¥1.43 per share. Net income forecast to shrink 5.2% next year vs 17% growth forecast for Basic Materials industry in China . Consensus price target up from CN¥19.14 to CN¥20.35. Share price rose 4.5% to CN¥21.58 over the past week. Reported Earnings • Oct 26
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: CN¥0.44 (up from CN¥0.20 in 3Q 2024). Revenue: CN¥8.99b (up 5.9% from 3Q 2024). Net income: CN¥900.3m (up 121% from 3Q 2024). Profit margin: 10.0% (up from 4.8% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Price Target Changed • Oct 25
Price target increased by 13% to CN¥20.35 Up from CN¥18.05, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of CN¥20.66. Stock is up 57% over the past year. The company is forecast to post earnings per share of CN¥1.43 for next year compared to CN¥1.16 last year. Announcement • Oct 24
Huaxin Cement Co., Ltd. Proposes Cash Distribution for the First Three Quarters of 2025, Payable on or Before 24 December 2025 Huaxin Cement Co., Ltd. proposed to distribute a cash dividend of CNY 0.34 per share (including tax) for the first three quarters of 2025 to all shareholders at its EGM to be held on 12 November 2025. According to the current work plan, it is expected that the Company will distribute dividends to the eligible Shareholders on or before 24 December 2025. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥21.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Basic Materials industry in China. Total returns to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥35.65 per share. Announcement • Oct 09
Huaxin Cement Co., Ltd. (SHSE:600801) announces an Equity Buyback for CNY 64.5 million worth of its shares. Huaxin Cement Co., Ltd. (SHSE:600801) announces a share repurchase program. Under the program, the company will repurchase up to CNY 64.5 million worth of its common shares. The shares will be repurchased at a price not exceeding CNY 25 per share. The purpose of share repurchase is equity incentive. The program is valid for a period of 6 months. Announcement • Sep 30
Huaxin Cement Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Huaxin Cement Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Price Target Changed • Sep 04
Price target increased by 8.8% to CN¥17.54 Up from CN¥16.12, the current price target is an average from 6 analysts. New target price is 11% above last closing price of CN¥15.78. Stock is up 42% over the past year. The company is forecast to post earnings per share of CN¥1.23 for next year compared to CN¥1.16 last year. Recent Insider Transactions • Sep 03
President recently bought CN¥858k worth of stock On the 2nd of September, Yeqing Li bought around 55k shares on-market at roughly CN¥15.71 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yeqing has been a buyer over the last 12 months, purchasing a net total of CN¥1.9m worth in shares. Reported Earnings • Sep 01
Second quarter 2025 earnings released: EPS: CN¥0.43 (vs CN¥0.25 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.43 (up from CN¥0.25 in 2Q 2024). Revenue: CN¥8.88b (down 2.9% from 2Q 2024). Net income: CN¥869.6m (up 57% from 2Q 2024). Profit margin: 9.8% (up from 6.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Jul 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥15.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Basic Materials industry in China. Total loss to shareholders of 2.2% over the past three years. Announcement • Jul 15
Huaxin Cement Co., Ltd. Appoints Olivier Milhaud as Non-Executive Director Huaxin Cement Co., Ltd., at the EGM held on 15 July 2025 announced that Mr. Olivier Milhaud was elected as an non-executive director of the Company with effect from the conclusion of the EGM. The biographical details of Mr. Olivier Milhaud are as follow: Mr. Olivier Mihaud, French nationality, born in September 1962, master of ESSEC(Paris). He worked in FRAMATOME GROUP (Now as EDF) from 1989 to 2000, successively served as the Head of Economic Department, Group Financial Reporting Manager, Head of Finance, Information & Technology Division, Head of Control of Engineering Division, Deputy Controller of Engineering and Construction Division, CFO of Manufacturing Division and Negotiator in the merger of the nuclear activities of FRAMATOME and SIEMENS. From 2000 to 2003, he served as the Deputy Group Financial Controller of Lafarge Group in Paris; from 2003 to 2005, he served as the Director Strategy and Development of LAFARGE CHINA in Beijing; from 2006 to 2011, he was the Financial Controller of LAFARGE SHUI ONCEMENT in Beijing; from 2011 to 2015, he was the CFO of LAFARGE SHUI ON Construction Materials in Yunnan. From 2015 to 2025, he successively held the position as CFO and General Manager of Lafarge Emirates Cement LLC in United Arab Emirates. Currently, he is the CFO of Holcim UAE and Oman. Announcement • Jun 30
Huaxin Cement Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Huaxin Cement Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • Jun 18
Dividend reduced to CN¥0.46 Dividend of CN¥0.46 is 13% lower than last year. Ex-date: 20th June 2025 Payment date: 20th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (39% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
Huaxin Cement Co., Ltd. Announces Resignation of Non-Executive Director Effective June 4, 2025 Huaxin Cement Co., Ltd. announced that on June 4, 2025, the Board received the written resignation of Mr. Lo Chi Kong. He resigned from his position as a non-executive Director, member of each of the audit committee and the remuneration and assessment committee of the Board, and chairman of the governance and compliance committee of the Board as he has reached his retirement age. According to the relevant regulations in the Company Law of the People's Republic of China and the articles of association of the Company, Mr. Lo Chi Kong's resignation will not lead to the number of Directors falling below the statutory quorum, nor affect the normal operation of the Board. The resignation became effective from the date of delivery of the resignation letter, i.e., June 4, 2025. The Company will complete the by-election of a new Director and the chairman of the governance and compliance committee of the Board as soon as possible in accordance with relevant laws, regulations, and the Articles of Association. Recent Insider Transactions • May 05
President recently bought CN¥600k worth of stock On the 30th of April, Yeqing Li bought around 50k shares on-market at roughly CN¥12.00 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Yeqing has been a buyer over the last 12 months, purchasing a net total of CN¥1.0m worth in shares. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: CN¥0.11 (vs CN¥0.09 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.11 (up from CN¥0.09 in 1Q 2024). Revenue: CN¥7.16b (up 1.1% from 1Q 2024). Net income: CN¥233.9m (up 32% from 1Q 2024). Profit margin: 3.3% (up from 2.5% in 1Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Huaxin Cement Co., Ltd., Annual General Meeting, May 27, 2025 Huaxin Cement Co., Ltd., Annual General Meeting, May 27, 2025, at 14:00 China Standard Time. Location: company`s conference room on 2f, block b, huaxin building, no. 426 gaoxin avenue, east lake high-tech development zone, wuhan city, hubei province, China New Risk • Apr 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Mar 28
Huaxin Cement Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Huaxin Cement Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Mar 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥1.16 (down from CN¥1.33 in FY 2023). Revenue: CN¥34.2b (up 1.4% from FY 2023). Net income: CN¥2.42b (down 13% from FY 2023). Profit margin: 7.1% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
Huaxin Cement Co., Ltd. Proposes Final Ordinary Dividend for the Year Ended 31 December 2024, Payable on 25 July 2025 Huaxin Cement Co., Ltd. proposed Final Ordinary Dividend for the Year Ended 31 December 2024 of RMB 0.46 per share. Payment date 25 July 2025. Announcement • Dec 27
Huaxin Cement Co., Ltd. to Report Fiscal Year 2024 Results on Mar 27, 2025 Huaxin Cement Co., Ltd. announced that they will report fiscal year 2024 results on Mar 27, 2025 Price Target Changed • Dec 10
Price target increased by 7.4% to CN¥16.23 Up from CN¥15.10, the current price target is an average from 5 analysts. New target price is 25% above last closing price of CN¥12.97. Stock is down 0.2% over the past year. The company is forecast to post earnings per share of CN¥0.94 for next year compared to CN¥1.33 last year. Major Estimate Revision • Nov 01
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥1.05 to CN¥0.923 per share. Revenue forecast steady at CN¥35.1b. Net income forecast to grow 21% next year vs 44% growth forecast for Basic Materials industry in China. Consensus price target broadly unchanged at CN¥14.87. Share price rose 14% to CN¥15.02 over the past week. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.32 in 3Q 2023). Revenue: CN¥8.48b (up 1.8% from 3Q 2023). Net income: CN¥407.9m (down 40% from 3Q 2023). Profit margin: 4.8% (down from 8.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 30
Huaxin Cement Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Huaxin Cement Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CN¥12.94, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Basic Materials industry in China. Total loss to shareholders of 28% over the past three years. Recent Insider Transactions • Sep 14
CEO & Executive Director recently bought CN¥400k worth of stock On the 13th of September, Yeqing Li bought around 40k shares on-market at roughly CN¥10.07 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yeqing's only on-market trade for the last 12 months. Price Target Changed • Sep 03
Price target decreased by 8.9% to CN¥16.11 Down from CN¥17.69, the current price target is an average from 6 analysts. New target price is 54% above last closing price of CN¥10.45. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥1.09 for next year compared to CN¥1.33 last year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.46 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.46 in 2Q 2023). Revenue: CN¥9.15b (flat on 2Q 2023). Net income: CN¥553.1m (down 41% from 2Q 2023). Profit margin: 6.0% (down from 10% in 2Q 2023). Revenue is forecast to grow 7.6% 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, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
Huaxin Cement Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024 Huaxin Cement Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • Jun 14
Dividend increased to CN¥0.53 Dividend of CN¥0.53 is 3.9% higher than last year. Ex-date: 18th June 2024 Payment date: 18th June 2024 Dividend yield will be 3.8%, which is higher than the industry average of 3.0%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 24
Huaxin Cement Co., Ltd. Announces Final Ordinary Cash Dividend for the Year Ended 31 December 2023, Payable on 19 July 2024 Huaxin Cement Co., Ltd. announced final ordinary cash dividend of RMB 0.53 per share for the year ended 31 December 2023, payable on 19 July 2024. Record date is 31 May 2024. Ex-dividend date is 24 May 2024. Date of shareholders' approval is 21 May 2024. Announcement • May 23
Huaxin Cement Co., Ltd. Elects Liu Sheng as Supervisor Huaxin Cement Co., Ltd. at the Annual General Meeting held on 21 May 2024 Mr. Liu Sheng has been elected and appointed as a Supervisor of the eleventh session of the Supervisory Committee, their term of office become effective from 21 May 2024 until the expiry of the eleventh session of the Supervisory Committee. Announcement • Apr 28
Huaxin Cement Co., Ltd., Annual General Meeting, May 21, 2024 Huaxin Cement Co., Ltd., Annual General Meeting, May 21, 2024, at 14:00 China Standard Time. Location: Company's Conference Room on 2/F Block B, Huaxin Building, No. 426 Gaoxin Avenue East Lake High-tech Development Zone, Wuhan City, Hubei Province Wuhan City Hubei Province China Agenda: To consider and approve the Work Report of the Board of Directors in 2023; to consider and approve the Work Report of the Board of Supervisors in 2023; to consider and approve the 2023 Final Financial Report and 2024 Financial Budget Report; to consider and approve the 2023 Profit Distribution Plan; and to discuss other matters. Major Estimate Revision • Apr 04
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥37.9b to CN¥36.1b. EPS estimate also fell from CN¥1.69 per share to CN¥1.51 per share. Net income forecast to grow 14% next year vs 24% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥17.59 to CN¥16.54. Share price rose 8.8% to CN¥14.30 over the past week. Reported Earnings • Mar 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: CN¥1.33 (up from CN¥1.30 in FY 2022). Revenue: CN¥33.8b (up 11% from FY 2022). Net income: CN¥2.76b (up 2.3% from FY 2022). Profit margin: 8.2% (down from 8.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
Huaxin Cement Co., Ltd. to Report Fiscal Year 2023 Results on Mar 29, 2024 Huaxin Cement Co., Ltd. announced that they will report fiscal year 2023 results on Mar 29, 2024 Announcement • Dec 27
Huaxin Cement Co., Ltd. (SHSE:600801) acquired Operations in South Africa of InterCement Participações S.A. Huaxin Cement Co., Ltd. (SHSE:600801) signed an agreement to acquire Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on June 27, 2023.JPMorgan Chase & Co. (NYSE:JPM) acted as Financial advisor to InterCement Participações S.A.Huaxin Cement Co., Ltd. (SHSE:600801) completed the acquisition of Operations in South Africa of InterCement Participações S.A. from InterCement Participações S.A. on December 27, 2023. Reported Earnings • Oct 29
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: CN¥0.32 (up from CN¥0.30 in 3Q 2022). Revenue: CN¥8.33b (up 12% from 3Q 2022). Net income: CN¥681.8m (up 6.9% from 3Q 2022). Profit margin: 8.2% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: CN¥0.46 (vs CN¥0.45 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.46 (up from CN¥0.45 in 2Q 2022). Revenue: CN¥9.20b (up 17% from 2Q 2022). Net income: CN¥944.6m (up 3.2% from 2Q 2022). Profit margin: 10% (down from 12% in 2Q 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 12% growth forecast for the Basic Materials industry in China. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • May 25
Huaxin Cement Co., Ltd. Announces Dividend for the Year Ended 31 December 2022, Payable on 21 July 2023 Huaxin Cement Co., Ltd. announced Dividend of RMB 0.51 per share for the Year Ended 31 December 2022. Ex-dividend date 24 May 2023. Record date 01 June 2023. Payment date 21 July 2023. Dividend payable to the H-share holders will be paid in HKD or USD, which amounts to approximately HKD 0.567663 (tax inclusive) or USD 0.072519 (tax inclusive) per H share. Such Final Dividend will be paid by the receiving agent on 21 July 2023. In order to determine the list of H-share holders who are entitled to receive the Final Dividend for the year ended 31 December 2022, the H share register of members of the Company will be closed from 29 May 2023 to 1 June 2023 (both days inclusive), during which period no transfer of H shares will be registered. Major Estimate Revision • Apr 06
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CN¥2.05 to CN¥1.84 per share. Revenue forecast steady at CN¥35.1b. Net income forecast to grow 43% next year vs 62% growth forecast for Basic Materials industry in China. Consensus price target of CN¥19.01 unchanged from last update. Share price was steady at CN¥15.66 over the past week. Reported Earnings • Mar 30
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: CN¥30.5b (down 6.1% from FY 2021). Net income: CN¥2.70b (down 50% from FY 2021). Profit margin: 8.9% (down from 17% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.7%. Revenue is forecast to grow 11% 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 10% per year whereas the company’s share price has fallen by 12% per year. Announcement • Jan 31
Huaxin Cement Co., Ltd. Provides Earnings Guidance for the Year Ended December 31, 2022 Huaxin Cement Co., Ltd. provided earnings guidance for the year ended December 31, 2022. Based on its preliminary review of the relevant financial statements of the Company and its subsidiaries (the "Group"), it is expected that the profit attributable to equity holders of the Group for the year ended 31 December 2022 will be in the range from RMB 2,520.86 million to RMB 2,842.67 million, representing a decrease by approximately 47% to 53% to approximately as compared with that of the same period in 2021. The above expected decrease is mainly due to the decrease in sales volume driven by the recurrence of the COVID-19, and the downturn of the real estate industry; meanwhile, the cost of cement and clinker increased as the energy price went up. Announcement • Jan 10
Huaxin Cement Co., Ltd. Appoints Martin Kriegner as Non-Executive Director of the Tenth Board of Directors Huaxin Cement Co., Ltd. announced that at the AGM was held on 9 January 2023, the company approved the appointment of Mr. Martin Kriegner as non-executive Director of the Tenth Board of Directors. Mr. Martin Kriegner, male, born in September 1961, graduated from the University of Vienna with a Doctorate in Law and he obtained a Master of Business Administration from the Vienna University of Economics and Business. Mr. Martin Kriegner joined the Holcim Group in 1990 and became the Chief Executive Officer of the Austrian operations in 1998. He served as the Chief Executive Officer of India operations in 2002 and later served as the Regional President Cement for Asia. In 2012, he was appointed as the Chief Executive Officer of Lafarge India for Cement, RMX and Aggregates. In July 2015, he became the Area Manager Central Europe and was appointed as the Head of India in 2016. He serves as the Region Head for Asia, Middle East & Africa and a member of Holcim's Group Executive Committee since 2016 and he served as director of the Company from April 2017 to April 2018. Mr. Martin Kriegner is a member of the board of directors of LafargeHolcim Bangladesh Limited listed on the Chittagong Stock Exchange (trading code: LHBL) and the Dhaka Stock Exchange in Bangladesh (trading code: LHBL), Holcim Philippines Inc. listed on the Philippine Stock Exchange (stock code: HLCM) and LafargeHolcim Maroc S.A. listed on the Casablanca Stock Exchange in Morocco (ticker: LHM). Mr. Martin Kriegner is also a director of ACC Limited listed on the National Stock Exchange of India and the BSE in India and Ambuja Cements Limited listed on the National Stock Exchange of India and the BSE in India. Announcement • Dec 13
Huaxin Cement Co., Ltd. Announces Resignation of Geraldine Picaud as Non-Executive Director The board of directors of Huaxin Cement Co., Ltd. announced that on 9 December 2022, the Board received the written resignation of Ms. Geraldine Picaud. She resigned her position as a non-executive director of the Company and member of the audit committee of the Board due to commitment change. Ms. Picaud took the office as a non-executive director of the Company since April 2018. During her tenure, she was devoted and fulfilled her duty diligently, playing an active role in enhancing corporate governance and scientific decision-making. Board Change • Nov 16
Less than half of directors are independent There are 5 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: 3 independent directors. 6 non-independent directors. Independent Director Hong Jiang was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Price Target Changed • Nov 03
Price target decreased to CN¥18.82 Down from CN¥20.30, the current price target is an average from 6 analysts. New target price is 37% above last closing price of CN¥13.77. Stock is down 17% over the past year. The company is forecast to post earnings per share of CN¥1.58 for next year compared to CN¥2.58 last year. Major Estimate Revision • Nov 02
Consensus EPS estimates fall by 16% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥33.6b to CN¥33.0b. EPS estimate also fell from CN¥1.94 per share to CN¥1.63 per share. Net income forecast to grow 13% next year vs 51% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥20.30 to CN¥19.56. Share price fell 5.3% to CN¥13.90 over the past week. Reported Earnings • Oct 27
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥7.42b (down 3.7% from 3Q 2021). Net income: CN¥734.1m (down 35% from 3Q 2021). Profit margin: 9.9% (down from 15% in 3Q 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.2% 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 8% per year whereas the company’s share price has fallen by 9% per year. Announcement • Oct 13
Huaxin Cement Co., Ltd. to Report Q3, 2022 Results on Oct 26, 2022 Huaxin Cement Co., Ltd. announced that they will report Q3, 2022 results on Oct 26, 2022 Price Target Changed • Aug 30
Price target decreased to CN¥20.94 Down from CN¥23.45, the current price target is an average from 10 analysts. New target price is 24% above last closing price of CN¥16.87. Stock is down 13% over the past year. The company is forecast to post earnings per share of CN¥2.00 for next year compared to CN¥2.58 last year. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥36.1b to CN¥34.4b. EPS estimate also fell from CN¥2.64 per share to CN¥1.81 per share. Net income forecast to grow 16% next year vs 33% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥24.30 to CN¥23.31. Share price was steady at CN¥17.30 over the past week. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: CN¥0.44 (vs CN¥0.84 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.44 (down from CN¥0.84 in 2Q 2021). Revenue: CN¥7.86b (down 8.1% from 2Q 2021). Net income: CN¥915.1m (down 46% from 2Q 2021). Profit margin: 12% (down from 20% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is forecast to grow 18%, 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 8% per year whereas the company’s share price has fallen by 3% per year. Announcement • Aug 11
Huaxin Cement Co., Ltd. Announces Executive Changes The board of directors of Huaxin Cement Co., Ltd. announced that Ms. Mak Sze Man ("Ms. Mak") has tendered her resignation as a joint company secretary of the Company and will cease to be an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong KongLimited (the "Stock Exchange"), an authorized representative in Hong Kong of the Company for the purpose of Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively the "Authorized Representative") and an authorized person of the Company to accept service of process and notice in Hong Kong under Rule 19A.13(2) of Listing Rules (the "Authorized Person") with effect from 11 August 2022. Following the resignation of Ms. Mak, the Board is pleased to further announce that Ms. Lee Mei Yi ("Ms. Lee") has been appointed as a joint company secretary, the Authorized Representative and the Authorized Person of the Company with effect from 11 August 2022. Mr. Ye Jiaxing ("Mr. Ye"), theother joint company secretary of the Company, will continue to act as a joint company secretary of the Company. The address of Ms. Lee for acceptance of service of process and notice in Hong Kong on behalf of the Company is 5/F, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong. Ms. Lee is an Executive Director of Corporate Services of Tricor Services Limited, a global professional services provider specializing in integrated business, corporate and investor services. Ms. Lee has over 25 years of experience in the corporate secretarial field, holds an Honours Bachelor's Degree in Accountancy and is a Chartered Secretary, a Chartered Governance Professional and a Fellow of both The Hong Kong Chartered Governance Institute (formerly "The Hong Kong Institute of Chartered Secretaries") and The Chartered Governance Institute (formerly "The Institute of Chartered Secretaries and Administrators") in the United Kingdom. Announcement • May 26
Huaxin Cement Co., Ltd. Proposes Final Dividend for the Year Ended December 31, 2021, Payable on 20 July 2022 Huaxin Cement Co., Ltd. proposed final dividend of RMB 1 per share for the year ended December 31, 2021. Ex Dividend date is 24 May 2022. Record date is 31 May 2022. Payment date is 20 July 2022. Reported Earnings • May 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: CN¥0.32 (down from CN¥0.35 in 1Q 2021). Revenue: CN¥6.53b (up 5.5% from 1Q 2021). Net income: CN¥671.8m (down 8.5% from 1Q 2021). Profit margin: 10% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 22%. Over the next year, revenue is forecast to grow 17%, compared to a 19% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Director Hong Jiang was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 13
Huaxin Cement Co., Ltd. to Report Q1, 2022 Results on Apr 27, 2022 Huaxin Cement Co., Ltd. announced that they will report Q1, 2022 results on Apr 27, 2022 Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥2.58 (down from CN¥2.69 in FY 2020). Revenue: CN¥32.5b (up 11% from FY 2020). Net income: CN¥5.36b (down 4.7% from FY 2020). Profit margin: 17% (down from 19% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 16%, compared to a 20% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Announcement • Apr 01
Huaxin Cement Co., Ltd. Proposes Final Dividend for the Year Ended December 31, 2021 Huaxin Cement Co., Ltd. proposed final dividend for the year ended December 31, 2021. For the period, the company declared RMB 1 per share. Major Estimate Revision • Apr 01
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥38.2b to CN¥36.9b. EPS estimate also fell from CN¥3.28 per share to CN¥2.88 per share. Net income forecast to grow 16% next year vs 28% growth forecast for Basic Materials industry in China. Consensus price target down from CN¥25.93 to CN¥25.28. Share price rose 14% to CN¥20.40 over the past week. Announcement • Mar 31
Huaxin Cement Co., Ltd. to Report Fiscal Year 2021 Results on Mar 29, 2022 Huaxin Cement Co., Ltd. announced that they will report fiscal year 2021 results on Mar 29, 2022 Announcement • Mar 30
Huaxin Cement Co., Ltd.(SHSE:900933) dropped from FTSE All-World Index (USD) Huaxin Cement Co., Ltd.(SHSE:900933) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥21.72, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Basic Materials industry in China. Total returns to shareholders of 94% over the past three years. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.85 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥7.71b (down 1.7% from 3Q 2020). Net income: CN¥1.13b (down 37% from 3Q 2020). Profit margin: 15% (down from 23% in 3Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. 
