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China Resources Cement Holdings (HK:1313)
:1313

China Resources Cement Holdings (1313) AI Stock Analysis

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HK

China Resources Cement Holdings

(OTC:1313)

Rating:50Neutral
Price Target:
China Resources Cement Holdings has a challenging financial performance, particularly with declining revenues and profitability, as well as cash flow concerns. Technical indicators provide a mixed picture, with slight upward momentum in the short term but no strong trend. The stock appears overvalued with a high P/E ratio and low dividend yield, which could be a risk for potential investors. Overall, the stock score reflects the need for caution given the financial and valuation challenges.

China Resources Cement Holdings (1313) vs. iShares MSCI Hong Kong ETF (EWH)

China Resources Cement Holdings Business Overview & Revenue Model

Company DescriptionChina Resources Cement Holdings Limited, an investment holding company, manufactures and sells cement, concrete, and related products and services in Mainland China and Hong Kong. The company engages in the excavation of limestone; and production, sale, and distribution of cement, clinker, and concrete. It offers Portland, ordinary Portland, composite Portland, and slag Portland cement under the Runfeng name. The company's products are used in the construction of infrastructure projects, such as railways, highways, subways, bridges, airports, ports, dams, and hydroelectric and nuclear power stations, as well as high-rise buildings, and suburban and rural area development. It also trades in cement products and construction materials; provides environmental protection engineering and building materials testing and consultancy services; mines aggregates; holds properties; and manufactures and sells prefabricated construction materials. The company was incorporated in 2003 and is headquartered in Wanchai, Hong Kong. China Resources Cement Holdings Limited is a subsidiary of CRH (Cement) Limited.
How the Company Makes MoneyChina Resources Cement Holdings generates revenue primarily through the sale of its core products: cement, clinker, and concrete. The company supplies these materials to a wide range of customers, including construction companies, real estate developers, and infrastructure projects. Revenue streams are bolstered by the company's extensive distribution network and strategic location of production facilities, allowing for efficient supply chain management. Additionally, partnerships with local governments and adherence to sustainable practices enhance its market position, further driving sales and profitability.

China Resources Cement Holdings Financial Statement Overview

Summary
China Resources Cement Holdings faces challenges in revenue growth and profitability, as indicated by declining income statement metrics. While the balance sheet remains relatively stable with a moderate debt-to-equity ratio, cash flow issues are prominent, highlighting potential liquidity concerns. Addressing these areas is crucial for long-term financial stability and growth.
Income Statement
45
Neutral
The company has shown a decline in revenue over the past few years, with a notable decrease in 2024 compared to previous years. The gross profit margin and net profit margin have both decreased, indicating lower profitability. The EBIT and EBITDA margins have also narrowed, reflecting reduced operating efficiency. The company needs to address declining revenues and margins to improve its financial health.
Balance Sheet
60
Neutral
The company maintains a relatively stable equity base with a moderate debt-to-equity ratio. However, there has been a decline in stockholders' equity over the recent periods. The equity ratio is fairly strong, indicating a solid financial position. The return on equity has decreased significantly, suggesting challenges in generating profit from equity investments.
Cash Flow
30
Negative
Cash flow metrics indicate a concerning trend, with operating cash flow and free cash flow both showing negative growth. Additionally, the free cash flow to net income ratio is unfavorable, suggesting that the company struggles to convert income into cash flow. The company should focus on improving cash generation to support operations and growth.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue24.51B28.23B32.22B43.96B40.09B
Gross Profit4.04B4.26B4.92B14.12B15.64B
EBITDA3.28B4.03B5.23B10.67B12.67B
Net Income224.37M643.82M1.61B6.35B7.55B
Balance Sheet
Total Assets76.57B80.08B80.61B79.15B68.53B
Cash, Cash Equivalents and Short-Term Investments2.38B2.60B2.18B7.07B13.23B
Total Debt15.51B16.57B16.69B10.64B7.08B
Total Liabilities27.95B29.78B29.77B23.51B18.51B
Stockholders Equity44.12B48.56B49.23B54.86B49.63B
Cash Flow
Free Cash Flow0.00-888.08M-5.28B-3.30B5.07B
Operating Cash Flow0.003.92B3.17B6.03B10.27B
Investing Cash Flow0.00-4.68B-10.34B-11.73B-5.00B
Financing Cash Flow0.001.41B2.70B-754.54M-5.69B

China Resources Cement Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.68
Price Trends
50DMA
1.65
Positive
100DMA
1.65
Positive
200DMA
1.69
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
55.76
Neutral
STOCH
71.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1313, the sentiment is Positive. The current price of 1.68 is above the 20-day moving average (MA) of 1.64, above the 50-day MA of 1.65, and below the 200-day MA of 1.69, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.76 is Neutral, neither overbought nor oversold. The STOCH value of 71.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1313.

China Resources Cement Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (43)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$9.79B7.464.75%3.95%4.24%25.30%
67
Neutral
$701.56B11.09
3.70%-7.72%-26.66%
50
Neutral
HK$11.73B31.340.79%1.19%
47
Neutral
HK$2.11B-0.77%-21.41%84.29%
43
Neutral
AU$1.38B-6.10-40.62%4.17%-4.78%-42.91%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1313
China Resources Cement Holdings
1.68
0.27
19.06%
HK:2314
Lee & Man Paper Manufacturing
2.28
0.10
4.54%
HK:0386
China Petroleum & Chemical
4.12
-0.46
-10.14%
HK:0691
China Shanshui Cement Group
0.48
-0.13
-21.31%

China Resources Cement Holdings Corporate Events

China Resources Cement Holdings Announces 2025 AGM Agenda
Apr 30, 2025

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 Reports Q1 2025 Financials
Apr 25, 2025

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 Schedules Board Meeting for Q1 Financial Review
Apr 11, 2025

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 Cement Expects Q1 2025 Profit Surge
Apr 9, 2025

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 Secures HKD1.3 Billion Loan with Shareholding Conditions
Mar 21, 2025

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 Secures HKD1 Billion Loan with Shareholding Condition
Mar 21, 2025

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 Reports Decline in 2024 Financial Results
Mar 14, 2025

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 Announces Final Dividend for 2024
Mar 14, 2025

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 Schedules Board Meeting for Annual Results and Dividend Decision
Mar 4, 2025

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 Enters Management Agreement with Chongqing Energy
Mar 3, 2025

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 Secures By-Product Supply with CR Power
Feb 21, 2025

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 Issues Significant Profit Warning for 2024
Feb 13, 2025

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.

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.Date of analysis: Apr 26, 2025