Anhui Conch Cement Company (0914) AI Stock Analysis

• Market Cap: HK$141.87B
• Dividend Yield: 4.59%
• Average Volume (3M): 7.63M
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.81
• Revenue Growth: -28.50%
• EPS Growth: 23.92%
• Country: HK
• Employees: 49,397
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 0.42
• Shares Outstanding: 1,299,600,000
• 10 Day Avg. Volume: 5,606,889
• 30 Day Avg. Volume: 7,630,863
• PEG Ratio: -0.49
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 1.08
• P/FCF Ratio: 13.76
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$29.00
• Price Target Upside: 27.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: HK$27.00 ▲(19.05% Upside)

Anhui Conch Cement Company's strong financial performance, characterized by robust profitability and a solid balance sheet, is a key strength. However, technical indicators suggest bearish momentum, and the valuation is moderate with a low dividend yield. These factors collectively result in a balanced overall stock score.

Positive Factors

Strong Balance Sheet

A strong balance sheet with low debt and high equity ensures financial stability and flexibility, supporting long-term growth initiatives.

Profitability

Strong profitability metrics indicate efficient operations and cost management, providing a solid foundation for sustained business performance.

Cash Reserves

Significant cash reserves enhance the company's ability to invest in growth opportunities and weather economic downturns, securing long-term viability.

Negative Factors

Revenue Decline

Declining revenue trends can hinder growth prospects and indicate challenges in market demand or competitive positioning, affecting future performance.

Inconsistent Free Cash Flow

Inconsistent free cash flow suggests potential inefficiencies in capital allocation, which could impact the company's ability to fund strategic initiatives.

Revenue Growth Challenges

Challenges in revenue growth may signal difficulties in market expansion or competitive pressures, potentially limiting future earnings potential.

Anhui Conch Cement Company Business Overview & Revenue Model

Company Description

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products. The company conducts its operations through five segments, which include Eastern China, Central China, Southern China, Western China, and Overseas. It provides construction and installation services for industrial purposes; logistic services; and mining and related services. The company manufactures and sells cement packaging products, concrete products, and refractory materials; and develops and sells profile and related products, as well as exports clinker and cement products. In addition, it engages in investment and trading; and selling aggregates. Anhui Conch Cement Company Limited was founded in 1997 and is based in Wuhu, the People's Republic of China.

How the Company Makes Money

Anhui Conch Cement generates revenue primarily through the sale of cement and clinker, which are essential materials in the construction sector. The company benefits from a diverse range of revenue streams, including the sale of ready-mixed concrete and various construction materials. A significant portion of its earnings comes from domestic sales, driven by China's ongoing urbanization and infrastructure development projects. Additionally, Anhui Conch Cement has established strategic partnerships and joint ventures, enhancing its market presence and operational efficiency. The company's extensive distribution network and production capacity allow it to meet the high demand in the construction industry, further contributing to its profitability.

Anhui Conch Cement Company Financial Statement Overview

Summary

Anhui Conch Cement Company demonstrates strong profitability and financial stability, with a solid balance sheet and significant cash reserves. However, recent declines in revenue and inconsistent free cash flow growth highlight areas for improvement in sustaining growth and optimizing capital allocation.

Income Statement

Anhui Conch Cement Company shows robust profitability with a strong gross profit margin and solid EBIT and EBITDA margins. However, revenue has declined recently, indicating potential challenges in growth, which is a concern for future performance.

Balance Sheet

The company's balance sheet is strong, characterized by a low debt-to-equity ratio and a high equity ratio. Return on equity is healthy, reflecting efficient use of equity to generate profits. The company maintains substantial cash reserves, ensuring liquidity and financial stability.

Cash Flow

The cash flow statement shows a mixed performance. While operating cash flow is positive and supports net income, free cash flow growth has been inconsistent, raising concerns about capital expenditure management and investment efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	86.76B	91.03B	141.00B	132.02B	167.95B	176.24B
Gross Profit	21.54B	19.76B	22.36B	28.12B	49.77B	51.40B
EBITDA	12.61B	19.30B	21.97B	26.76B	50.07B	52.59B
Net Income	8.74B	7.70B	10.43B	15.66B	33.27B	35.16B
Balance Sheet
Total Assets	253.14B	254.64B	246.19B	243.98B	230.51B	200.97B
Cash, Cash Equivalents and Short-Term Investments	63.84B	70.74B	70.57B	68.62B	93.81B	89.06B
Total Debt	26.49B	27.58B	20.29B	22.14B	11.90B	10.48B
Total Liabilities	51.94B	54.26B	48.22B	47.98B	38.69B	32.76B
Stockholders Equity	189.09B	187.94B	185.32B	183.64B	183.69B	161.82B
Cash Flow
Free Cash Flow	6.75B	7.16B	5.91B	-17.00B	18.70B	24.83B
Operating Cash Flow	8.29B	18.48B	20.07B	9.65B	33.90B	34.80B
Investing Cash Flow	-18.27B	-13.33B	-19.31B	-5.28B	-21.67B	-26.77B
Financing Cash Flow	-1.89B	-385.48M	-5.44B	-5.72B	-11.60B	-13.26B

Anhui Conch Cement Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.68
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0914, the sentiment is Positive. The current price of 22.68 is below the 20-day moving average (MA) of 23.57, below the 50-day MA of 23.22, and above the 200-day MA of 22.49, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 60.73 is Neutral, neither overbought nor oversold. The STOCH value of 84.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0914.

Anhui Conch Cement Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6655	66 Neutral	HK$50.81B	10.84	10.68%	4.82%	0.40%	62.35%
0914	65 Neutral	HK$141.87B	13.19	4.59%	4.59%	-28.50%	23.92%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
2233	60 Neutral	HK$20.48B	19.26	7.74%	1.29%	20.56%	254.64%
0691	48 Neutral	HK$2.57B	16.67	0.80%	―	-14.85%	―
1252	48 Neutral	HK$801.65M	2.19	2.15%	―	0.18%	―
1313	45 Neutral	HK$11.94B	47.63	0.51%	1.52%	―	―

Anhui Conch Cement Company Corporate Events

Conch Cement’s Controlling Shareholder Issues Non-Compete Pledge Amid Wanwei Acquisition

Anhui Conch Cement has announced that its controlling shareholder, Anhui Conch Holdings Company Limited, has issued a new non-compete undertaking letter to the company in connection with Conch Holdings’ proposed acquisition of a 60% equity interest in Anhui Wanwei Holdings Company Limited via a capital increase. Wanwei Holdings controls Anhui Wanwei High New Materials Co., Ltd., which has minor cement-related assets and business that could potentially compete with Anhui Conch Cement’s core operations; to address this risk and ensure compliance with existing non-compete commitments and relevant regulations, Conch Holdings has formally reaffirmed and extended non-compete undertakings aimed at safeguarding the interests of the listed company and its shareholders and preventing same-industry competition arising from the acquisition.

The most recent analyst rating on (HK:0914) stock is a Hold with a HK$25.00 price target. To see the full list of analyst forecasts on Anhui Conch Cement Company stock, see the HK:0914 Stock Forecast page.

Anhui Conch Cement Signs RMB300 Million Related-Party Supply Deals for Key Chemicals

Anhui Conch Cement has entered into two framework agreements with related-party Conch Accelerants Manufacturing to procure combustion accelerants, melting accelerants, desulfurizers and water treatment chemicals for the period from 1 January 2026 to 31 December 2026. The annual caps are set at RMB151 million for combustion and melting accelerants and RMB149 million for desulfurizers and water treatment chemicals, for a combined transaction limit of RMB300 million. As Conch Accelerants Manufacturing is an associate of the company’s controlling shareholder Conch Holdings, the deals are classified as continuing connected transactions under Hong Kong listing rules, requiring disclosure and annual review but exempt from independent shareholders’ approval due to their size. The arrangements secure key input materials for Conch Cement’s operations while formalising its reliance on a related-party supplier within the regulatory framework.

The most recent analyst rating on (HK:0914) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on Anhui Conch Cement Company stock, see the HK:0914 Stock Forecast page.

Anhui Conch Cement Signs RMB3.15 Billion Connected Deals With Subsidiary Haihui for 2026 Logistics and Charging Services

Anhui Conch Cement has entered into two continuing connected transactions with its non-wholly-owned subsidiary Haihui Company for 2026, underscoring the group’s efforts to streamline logistics and monetize infrastructure within its corporate network. Under a supply chain logistic transportation service contract effective from 1 January to 31 December 2026, Haihui will provide transportation services for cement, clinker, aggregates, commodity concrete, coal and other products, with the annual transaction cap set at RMB3 billion. Separately, a charging (battery changing) station equipment and power supply contract, also running through 2026, allows Haihui to use the group’s charging infrastructure for external operations, capped at RMB150 million for the year. Both deals are classified as continuing connected transactions under Hong Kong listing rules, triggering disclosure and annual review requirements but remaining exempt from independent shareholder approval given their size, reflecting routine intra-group arrangements rather than transformative transactions for the company’s capital structure.

The most recent analyst rating on (HK:0914) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on Anhui Conch Cement Company stock, see the HK:0914 Stock Forecast page.

Anhui Conch Cement Secures Procurement Contracts for 2026

Anhui Conch Cement Company Limited has entered into two procurement contracts with Conch Material Technology for cement and concrete admixtures, effective from January 1, 2026, to December 31, 2026. These contracts, with a combined annual cap of RMB 860 million, are subject to shareholder approval and are classified as continuing connected transactions under listing rules, impacting the company’s operational strategy and market positioning.

The most recent analyst rating on (HK:0914) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on Anhui Conch Cement Company stock, see the HK:0914 Stock Forecast page.