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West China Cement Ltd. (HK:2233)
:2233
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West China Cement (2233) AI Stock Analysis

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HK:2233

West China Cement

(2233)

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Neutral 66 (OpenAI - 4o)
Rating:66Neutral
Price Target:
HK$3.50
▲(11.46% Upside)
The overall stock score is primarily influenced by the company's mixed financial performance and positive technical indicators. While operational efficiency and asset strength are positives, concerns about revenue decline, leverage, and cash flow weigh on the score. The technical analysis suggests moderate bullish momentum, providing some optimism. Valuation concerns due to a high P/E ratio and modest dividend yield also impact the score.

West China Cement (2233) vs. iShares MSCI Hong Kong ETF (EWH)

West China Cement Business Overview & Revenue Model

Company DescriptionWest China Cement Limited, an investment holding company, manufactures and sells cement and cement products in the People's Republic of China. It sells its products under the Yao Bai and Yaobaishuini names. The company's cement products are used in the construction of infrastructure projects, such as highways, railways, bridges, hydroelectric power stations, and water conservancy and water transfer projects, as well as housing and social infrastructure projects. It also engages in financial leasing and transportation businesses. The company is headquartered in Xi'an, the People's Republic of China.
How the Company Makes MoneyWest China Cement generates revenue primarily through the sale of its cement products, which constitute the bulk of its income. The company benefits from a diverse customer base, including state-owned enterprises, large construction firms, and small to medium-sized contractors. Key revenue streams include the direct sale of cement, ready-mix concrete, and other related materials. Additionally, West China Cement has established strategic partnerships with construction firms and government entities for large-scale infrastructure projects, ensuring a steady demand for its products. The company's ability to maintain cost efficiencies in production, coupled with its strategic positioning in regions experiencing significant growth, contributes to its overall earnings.

West China Cement Financial Statement Overview

Summary
West China Cement shows operational efficiency and a strong asset base, but recent declines in revenue and net income, higher leverage, and negative cash flow indicate potential financial concerns.
Income Statement
65
Positive
The company's revenue has shown fluctuations over the years, with a decline from 2023 to 2024. The gross profit and net profit margins have been generally healthy, but there was a notable decrease in net income in 2024 compared to 2023, impacting the overall profitability. The EBIT and EBITDA margins remained stable, indicating consistent operational efficiency.
Balance Sheet
70
Positive
West China Cement maintains a solid equity base with a relatively stable equity ratio. However, the debt-to-equity ratio has increased, reflecting a higher leverage position, which could pose risks if not managed carefully. Return on equity has weakened due to lower net income, but the company still shows a strong asset base.
Cash Flow
55
Neutral
The cash flow situation presents challenges, with a negative free cash flow and an absence of operating cash flow in 2024. The company previously relied on positive operating cash flows, but the recent figures highlight potential liquidity concerns. The company's ability to convert net income to cash has been inconsistent, affecting overall financial flexibility.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue10.06B8.34B9.02B8.49B8.00B7.13B
Gross Profit2.65B1.97B2.46B2.18B2.38B2.34B
EBITDA3.08B2.33B2.62B3.22B3.43B2.91B
Net Income987.56M626.18M421.28M1.21B1.59B1.56B
Balance Sheet
Total Assets35.79B36.29B32.90B30.24B26.65B18.91B
Cash, Cash Equivalents and Short-Term Investments854.48M1.16B922.66M1.42B3.59B751.46M
Total Debt11.70B11.56B10.68B9.53B9.13B3.71B
Total Liabilities21.45B22.47B18.73B16.85B14.86B8.38B
Stockholders Equity12.72B12.27B12.28B12.03B11.31B10.33B
Cash Flow
Free Cash Flow-743.07M-181.88M-224.02M-826.78M-1.84B-259.73M
Operating Cash Flow1.29B2.04B2.70B2.13B1.96B2.68B
Investing Cash Flow-905.56M-1.88B-3.35B-3.28B-3.52B-3.12B
Financing Cash Flow-505.45M85.46M139.81M-1.08B4.45B322.04M

West China Cement Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.14
Price Trends
50DMA
3.06
Positive
100DMA
2.48
Positive
200DMA
1.98
Positive
Market Momentum
MACD
>-0.01
Positive
RSI
50.38
Neutral
STOCH
59.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2233, the sentiment is Positive. The current price of 3.14 is below the 20-day moving average (MA) of 3.23, above the 50-day MA of 3.06, and above the 200-day MA of 1.98, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 50.38 is Neutral, neither overbought nor oversold. The STOCH value of 59.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2233.

West China Cement Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
HK$44.61B10.2710.68%3.09%0.40%62.35%
66
Neutral
$16.22B15.257.74%1.18%20.56%254.64%
65
Neutral
$130.00B12.094.59%1.13%-28.50%23.92%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
48
Neutral
HK$3.09B20.060.80%-14.85%
48
Neutral
€955.82M2.622.15%0.18%
45
Neutral
$11.45B45.680.51%1.44%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:2233
West China Cement
3.14
1.93
159.93%
HK:0914
Anhui Conch Cement Company
23.32
2.05
9.66%
HK:0691
China Shanshui Cement Group
0.72
0.18
33.33%
HK:1313
China Resources Building Materials Technology Holdings
1.67
-0.42
-20.13%
HK:1252
China Tianrui Group Cement Co., Ltd.
0.33
0.28
577.08%
HK:6655
Huaxin Cement Co., Ltd. Class H
18.71
10.76
135.35%

West China Cement Corporate Events

West China Cement Reports Strong H1 2025 Results
Aug 26, 2025

West China Cement Limited, a key player in the cement industry, specializes in the production and sale of cement and related products, with a significant presence in both domestic and international markets. The company has a unique focus on expanding its operations in sub-Saharan Africa and Central Asia.

West China Cement Reports Strong Interim Results for 2025
Aug 25, 2025

West China Cement Limited reported a robust financial performance for the first half of 2025, with significant increases in sales volumes and revenue. Cement and clinker sales volumes rose by 23.6%, while aggregates sales volumes increased by 39.4%, contributing to a 46.4% rise in revenue. The company’s gross profit surged by 67.2%, and profit attributable to owners nearly doubled, reflecting a 93.4% increase. Despite a slight decrease in EBITDA margin, the overall financial health remains strong, with a notable improvement in gross profit margin. These results underscore the company’s strong market positioning and operational efficiency, promising positive implications for stakeholders.

The most recent analyst rating on (HK:2233) stock is a Buy with a HK$2.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Completes Major Disposals in Xinjiang
Aug 15, 2025

West China Cement Limited has announced the completion of major disposals and connected transactions involving the sale of companies and assets in Xinjiang. As a result of these transactions, the target companies will no longer be subsidiaries of West China Cement, and their financial information will not be consolidated into the group’s accounts, potentially impacting the company’s financial structure and market positioning.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Schedules Board Meeting to Review Interim Results
Aug 14, 2025

West China Cement Limited has announced a board meeting scheduled for August 25, 2025, to review and approve the interim financial results for the first half of the year and to consider the payment of an interim dividend. This meeting could have significant implications for the company’s financial strategy and shareholder returns, potentially influencing its market position and investor confidence.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Approves Strategic Asset Disposal in Xinjiang
Aug 14, 2025

West China Cement Limited announced the successful passing of an ordinary resolution at its Extraordinary General Meeting (EGM) held on August 14, 2025, which approved the Equity Transfer Agreement and related transactions. This decision marks a significant step in the company’s strategic plan to dispose of certain companies and assets in Xinjiang, potentially impacting its operational focus and market positioning in the region.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Postpones EGM Due to Severe Weather
Aug 14, 2025

West China Cement Limited has announced the postponement of its Extraordinary General Meeting (EGM) originally scheduled for the morning of August 14, 2025, due to a black rainstorm warning. The meeting has been rescheduled to the same day at 4:00 p.m. at the same venue, with all proposed resolutions remaining unchanged. Shareholders are advised to exercise caution if they choose to attend the rescheduled meeting under adverse weather conditions.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Announces Extraordinary General Meeting for Key Approvals
Jul 24, 2025

West China Cement Limited has announced an extraordinary general meeting to be held on August 14, 2025, in Hong Kong. The meeting will address the approval and ratification of several agreements, including an Equity Transfer Agreement and multiple Asset Purchase Agreements (APA B, C, and D). This meeting is significant for the company as it involves key transactions that could impact its operational strategies and stakeholder interests.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Clarifies Positive Profit Outlook for H1 2025
Jul 23, 2025

West China Cement Limited has issued a clarification regarding its positive profit alert for the first half of 2025. The company expects a significant increase in net profit attributable to its owners, ranging from approximately RMB696.4 million to RMB773.8 million, which represents an 80% to 100% rise compared to the same period in 2024. This announcement underscores the company’s strong financial performance and potential positive impact on its market position.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

West China Cement Projects Significant Profit Surge for H1 2025
Jul 23, 2025

West China Cement Limited has announced a significant increase in its profit for the first half of 2025, with expectations of an 80% to 100% rise compared to the same period in 2024. This growth is attributed to a substantial increase in overseas cement sales, improved average selling prices, reduced cost of sales in China, and profits from property sales. Additionally, the company recorded a reversal of impairment losses on goodwill and other non-current assets. These developments are expected to positively impact the company’s financial performance and market positioning.

The most recent analyst rating on (HK:2233) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.

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: Oct 23, 2025