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China Resources Cement Holdings
(OTC:1313)
China Resources Cement Holdings (1313) vs. iShares MSCI Hong Kong ETF (EWH)
China Resources Cement Holdings Business Overview & Revenue Model
China Resources Cement Holdings Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.51B | 28.23B | 32.22B | 43.96B | 40.09B |
| Gross Profit | 4.04B | 4.26B | 4.92B | 14.12B | 15.64B |
| EBITDA | 3.28B | 4.03B | 5.23B | 10.67B | 12.67B |
| Net Income | 224.37M | 643.82M | 1.61B | 6.35B | 7.55B |
Balance Sheet | |||||
| Total Assets | 76.57B | 80.08B | 80.61B | 79.15B | 68.53B |
| Cash, Cash Equivalents and Short-Term Investments | 2.38B | 2.60B | 2.18B | 7.07B | 13.23B |
| Total Debt | 15.51B | 16.57B | 16.69B | 10.64B | 7.08B |
| Total Liabilities | 27.95B | 29.78B | 29.77B | 23.51B | 18.51B |
| Stockholders Equity | 44.12B | 48.56B | 49.23B | 54.86B | 49.63B |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -888.08M | -5.28B | -3.30B | 5.07B |
| Operating Cash Flow | 0.00 | 3.92B | 3.17B | 6.03B | 10.27B |
| Investing Cash Flow | 0.00 | -4.68B | -10.34B | -11.73B | -5.00B |
| Financing Cash Flow | 0.00 | 1.41B | 2.70B | -754.54M | -5.69B |
China Resources Cement Holdings Technical Analysis
China Resources Cement Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
50 Neutral | HK$14.52B | 38.81 | 0.79% | 1.44% | ― | ― | |
44 Neutral | C$994.00M | -6.64 | -13.68% | 1.83% | 17.55% | -32.71% | |
| ― | $17.93B | 13.76 | 4.26% | 1.17% | ― | ― | |
54 Neutral | HK$2.57B | ― | -0.77% | ― | -21.41% | 84.29% | |
| ― | $1.27B | 11.13 | 5.10% | 15.14% | ― | ― | |
| ― | €96.75M | 2.46 | 1.77% | ― | ― | ― | |
78 Outperform | HK$35.78B | 11.10 | 8.32% | 0.41% | -1.00% | -9.13% |
China Resources Cement Holdings Corporate Events
China Resources Cement Holdings has announced its upcoming annual general meeting, scheduled for May 30, 2025, in Shenzhen, China. The agenda includes the consideration of audited financial statements, declaration of a final dividend, re-election of directors, re-appointment of KPMG as the independent auditor, and authorization for the company to repurchase its shares. These actions reflect the company’s ongoing governance practices and strategic financial management, potentially impacting shareholder value and market perception.
China Resources Cement Holdings reported a 3.4% decrease in turnover for the first quarter of 2025 compared to the same period in 2024, with turnover figures dropping from RMB 4,788.4 million to RMB 4,626.9 million. Despite the decline in turnover, the company achieved a profit attributable to owners of RMB 107.0 million, a significant improvement from a loss of RMB 28.9 million in the previous year. The company’s gross profit increased to RMB 755.4 million, and there was a slight increase in equity attributable to owners, reflecting a stable financial position. The announcement highlights a positive turnaround in profitability, which could strengthen the company’s market positioning and offer reassurance to stakeholders.
China Resources Building Materials Technology Holdings Limited has announced a board meeting scheduled for April 25, 2025, to discuss and approve the unaudited financial report for the first quarter of 2025. This meeting is significant as it will provide insights into the company’s financial performance and could influence its market positioning and stakeholder confidence.
China Resources Building Materials Technology Holdings Limited has announced a profit alert for the first quarter of 2025, expecting a profit of RMB100.0 million to RMB120.0 million, compared to a loss of RMB28.9 million in the same period last year. This turnaround is attributed to increased selling prices and reduced costs of sales for its cement products, signaling a positive shift in the company’s financial performance.
China Resources Cement Holdings, through its subsidiary Redland Concrete Limited, has secured a HKD1,300,000,000 term loan facility with a bank. This agreement mandates that China Resources (Holdings) Company Limited must maintain at least a 35% shareholding in the company, with current ownership at approximately 68.72%. The facility has a maturity of three years from the first drawdown date. If the shareholding requirement is not met, it could trigger a mandatory prepayment, making the entire loan amount immediately due.
China Resources Building Materials Technology Holdings Limited, through its subsidiary Redland Concrete Limited, has secured a HKD1,000,000,000 term loan facility with a bank. A key condition of this loan is that China Resources (Holdings) Company Limited must maintain at least a 35% shareholding in the company, which currently stands at approximately 68.72%. Failure to maintain this shareholding could result in an event of default, making the loan immediately due and payable, impacting the company’s financial stability and stakeholder interests.
China Resources Cement Holdings announced its audited consolidated results for the year ending December 31, 2024, revealing a decrease in turnover by 9.8% to RMB 23,037.8 million and a significant drop in profit attributable to owners by 67.2% to RMB 210.9 million. Despite a stable gross profit, the company faced challenges such as increased general and administrative expenses and reduced other income, impacting its overall profitability. The proposed final dividend per share increased to HK$0.01, indicating a commitment to shareholder returns despite financial pressures. These results reflect broader challenges in the building materials industry, with potential implications for stakeholders as the company navigates a competitive and fluctuating market environment.
China Resources Cement Holdings has announced a final ordinary cash dividend of HKD 0.01 per share for the financial year ending December 31, 2024. Shareholders have the option to receive the dividend in an alternative currency, with the RMB exchange rate to be announced. The ex-dividend date is set for June 5, 2025, and the payment date is scheduled for July 23, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may impact its financial positioning and stakeholder relations.
China Resources Cement Holdings, operating under the name China Resources Building Materials Technology Holdings Limited, has announced a board meeting scheduled for March 14, 2025. The meeting will focus on approving the company’s annual results for the year ending December 31, 2024, and considering a final dividend recommendation, which could impact shareholder returns and market perception.
China Resources Cement Holdings has entered into an Entrusted Management Agreement with CR Power and Chongqing Energy to manage the daily operations of Chongqing Energy’s Building Materials Branch and its subsidiaries. The agreement, effective from March 3, 2025, to February 29, 2028, involves a proposed annual cap of RMB36,000,000 and covers various management aspects such as financial, human resources, and risk management. This strategic move is expected to enhance operational efficiency and potentially increase annual operating profits for the managed entities, while complying with specific reporting and review requirements under the Listing Rules.
China Resources Cement Holdings has entered into a Framework Agreement with CR Power for the procurement of Power Plant By-Products, including fly ash, desulfuration gypsum, and furnace slag. The agreement, effective from February 21, 2025, to December 31, 2025, sets an annual cap of RMB30,000,000, determined by historical transaction values and projected demands. This collaboration aims to ensure a consistent supply of by-products for the company’s business development, adhering to market-based pricing strategies and fulfilling reporting and review requirements under Hong Kong’s Listing Rules.
China Resources Cement Holdings has issued a profit warning, announcing an expected decrease in profits by approximately 62% to 72% for the year ended December 31, 2024, compared to the previous year. This decline is attributed to lower gross margins in non-cement and concrete businesses, the absence of a one-off gain from the disposal of subsidiaries in 2023, and impairment losses recognized in 2024, which could impact investor sentiment and require cautious trading of its shares.