Asia Cement (China) Holdings Corp (HK:0743)
:0743
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Asia Cement (China) Holdings
(0743)
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Rating:44Neutral
Price Target:
HK$2.00
Action:Reiterated
Date:03/12/26
The score is weighed down primarily by deteriorated operating results and negative free cash flow in 2025, which raises near-term financial flexibility risk. Technicals are also bearish with price below key moving averages and negative MACD. Valuation is an additional headwind due to a high P/E, partly offset by a conservatively financed balance sheet with low leverage.
Positive Factors
Conservative balance sheet
A very low debt-to-equity ratio (~0.10) provides durable financial flexibility. It lowers refinancing and interest risks during cyclical slowdowns, enabling the company to fund operations or selective capex from internal resources and preserves optionality for strategic moves over the next 2–6 months.
Negative Factors
Multi-year revenue decline
Sustained top-line contraction and a 12.6% drop in 2025 signal structural demand or pricing weakness in core markets. Prolonged revenue declines erode fixed-cost coverage, limit operating leverage recovery, and make it harder to rebuild margins or fund growth without external measures.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity ratio (~0.10) provides durable financial flexibility. It lowers refinancing and interest risks during cyclical slowdowns, enabling the company to fund operations or selective capex from internal resources and preserves optionality for strategic moves over the next 2–6 months.
Read all positive factors
Asia Cement (China) Holdings (0743) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.84B
Dividend YieldN/A
Average Volume (3M)346.08K
Price to Earnings (P/E)2237.9
Beta (1Y)0.53
Revenue Growth-12.92%
EPS Growth97.78%
CountryHK
Employees2,727
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.16
Shares Outstanding1,566,851,000
10 Day Avg. Volume177,900
30 Day Avg. Volume346,083
Financial Highlights & Ratios
PEG Ratio-0.29
Price to Book (P/B)0.20
Price to Sales (P/S)0.65
P/FCF Ratio-9.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.31
Revenue Forecast (FY)HK$5.53B
Asia Cement (China) Holdings Business Overview & Revenue Model
Company Description
Asia Cement (China) Holdings Corporation, an investment holding company, manufactures and sells cement, concrete, and related products in the People's Republic of China. It operates through Cement Business and Concrete Business segments. The compa...
How the Company Makes Money
The company primarily makes money by producing and selling cement, clinker, and ready-mixed concrete. (1) Cement sales are a core revenue stream: the company manufactures cement and sells it to customers such as construction contractors, developer...
Asia Cement (China) Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.69B | 5.11B | 5.89B | 7.43B | 9.61B | 11.76B |
| Gross Profit | 959.14M | 779.45M | 592.56M | 1.07B | 1.29B | 3.68B |
| EBITDA | 1.11B | 169.69M | 839.65M | 1.15B | 1.46B | 3.65B |
| Net Income | 255.59M | 85.72M | -263.68M | 106.09M | 420.07M | 1.77B |
Balance Sheet | ||||||
| Total Assets | 19.63B | 19.81B | 19.68B | 20.28B | 21.15B | 21.42B |
| Cash, Cash Equivalents and Short-Term Investments | 6.26B | 5.11B | 9.02B | 9.40B | 9.02B | 7.56B |
| Total Debt | 1.24B | 1.70B | 1.24B | 1.87B | 2.47B | 1.57B |
| Total Liabilities | 2.63B | 2.84B | 2.80B | 3.08B | 3.76B | 3.74B |
| Stockholders Equity | 16.63B | 16.61B | 16.51B | 16.84B | 16.99B | 17.27B |
Cash Flow | ||||||
| Free Cash Flow | 147.03M | -359.40M | 1.35M | 1.21B | 1.25B | 2.15B |
| Operating Cash Flow | 633.86M | 310.35M | 459.74M | 1.53B | 1.61B | 2.50B |
| Investing Cash Flow | -4.20B | -904.04M | -4.12B | -2.81B | 257.34M | 1.39B |
| Financing Cash Flow | 53.33M | 287.72M | -759.14M | -973.67M | 138.93M | -2.40B |
Asia Cement (China) Holdings Technical Analysis
―
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0743, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:0743.
Asia Cement (China) Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$38.15B | 11.08 | 10.24% | 4.82% | 10.08% | 33.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | HK$105.12B | 11.86 | 4.06% | 4.59% | -9.32% | 5.05% | |
48 Neutral | HK$739.99M | 1.88 | 2.06% | ― | 0.18% | ― | |
48 Neutral | HK$4.47B | -76.83 | -16.84% | ― | -3.75% | -13.94% | |
45 Neutral | HK$1.35B | -1.18 | -5.53% | ― | -20.28% | -604.87% | |
44 Neutral | HK$2.84B | 2,237.94 | 0.02% | ― | -12.92% | 97.78% |
* Basic Materials Sector Average
HK:0743
Asia Cement (China) Holdings
1.81
-0.44
-19.56%
HK:0914
Anhui Conch Cement Company
17.32
-1.51
-8.04%
HK:0691
China Shanshui Cement Group
0.31
-0.18
-36.73%
HK:1252
China Tianrui Group Cement Co., Ltd.
0.24
-0.05
-17.24%
HK:6655
Huaxin Cement Co., Ltd. Class H
12.34
3.81
44.63%
HK:0695
Dongwu Cement International Ltd.
8.29
5.59
207.04%
Asia Cement (China) Holdings Corporate Events
Asia Cement (China) Wins Full Shareholder Backing at AGM, Confirms 2025 Final Dividend
May 26, 2026
Asia Cement (China) Holdings reported that all resolutions put to shareholders at its 26 May 2026 annual general meeting were approved by poll, with no shareholders required to abstain and strong voting support across the agenda. The meeting backe...
Asia Cement (China) Sets Final 2025 Dividend and HKD Payout Terms
May 26, 2026
Asia Cement (China) Holdings has declared a final ordinary dividend of RMB 0.03 per share for the financial year ended 31 December 2025, following shareholder approval on 26 May 2026. The payout underscores the company’s continued willingnes...
Asia Cement (China) Sets 2026 AGM to Approve Dividend, Board Changes and Share Issuance Mandate
Apr 29, 2026
Asia Cement (China) Holdings Corporation has convened its annual general meeting for 26 May 2026 in Taipei, where shareholders will review and adopt the group’s audited financial statements for the year ended 31 December 2025 and vote on a p...
Asia Cement (China) Swings to Quarterly Loss as Revenue and Margins Decline
Apr 24, 2026
Asia Cement (China) Holdings Corporation reported an unaudited consolidated loss attributable to owners of about RMB81.3 million for the quarter ended 31 March 2026, reversing a small profit a year earlier. Revenue declined to RMB1.02 billion from...
Asia Cement (China) Seeks Shareholder Approval to Extend and Upsize Connected Supply Deals to 2028
Apr 24, 2026
Asia Cement (China) Holdings has entered into supplemental agreements with related parties Asia Cement Corporation, Asia Cement (Singapore) and Alliance Concrete Singapore to revise annual caps for sales and purchases of clinker, cement and slag p...
Asia Cement (China) flags first-quarter 2026 loss on weaker prices
Apr 17, 2026
Asia Cement (China) Holdings has warned that it expects to post an unaudited loss attributable to equity holders of about RMB81.3 million for the three months ended 31 March 2026, a sharp reversal from a net profit of roughly RMB3.1 million a year...
Asia Cement (China) Sets Board Meeting to Review Q1 2026 Results and Possible Interim Dividend
Apr 9, 2026
Asia Cement (China) Holdings Corporation has scheduled a board meeting for 24 April 2026 to review and approve the group’s quarterly results for the three months ended 31 March 2026. The board will also consider whether to recommend the paym...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.