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Anhui Conch Cement Company
(0914)
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Rating:62Neutral
Price Target:
HK$18.00
â–²(1.12% Upside)
Action:Reiterated
Date:09/09/26
The score is driven primarily by resilient financial positioning (low leverage and stable asset base) and a solid revenue rebound, but is held back by materially weaker free cash flow and cash conversion. Technical signals further weigh on the score with a clear downtrend across moving averages and negative MACD, while valuation provides partial support via a ~5% dividend yield and moderate P/E.
Positive Factors
Conservative balance sheet
Very low leverage and a large equity base provide financial resilience through cement-cycle volatility. This structure should reduce solvency and refinancing pressure while preserving capacity to maintain operations, invest selectively, and withstand weaker construction demand over the coming quarters.
Negative Factors
Weaker cash generation
The sharp free-cash-flow decline and weaker conversion from earnings indicate that recent reported profit is translating less effectively into deployable cash. Persistent weakness could constrain reinvestment, distributions, and balance-sheet flexibility even though absolute cash generation remains positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a large equity base provide financial resilience through cement-cycle volatility. This structure should reduce solvency and refinancing pressure while preserving capacity to maintain operations, invest selectively, and withstand weaker construction demand over the coming quarters.
Read all positive factors
Anhui Conch Cement Company (0914) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$104.08B
Dividend Yield5.05%
Average Volume (3M)6.03M
Price to Earnings (P/E)15.1
Beta (1Y)0.80
Revenue Growth-6.86%
EPS Growth-26.49%
CountryHK
Employees48,286
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)1.53
Shares Outstanding1,299,600,000
10 Day Avg. Volume8,304,417
30 Day Avg. Volume6,033,559
Financial Highlights & Ratios
PEG Ratio1.86
Price to Book (P/B)0.54
Price to Sales (P/S)1.30
P/FCF Ratio14.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$22.58Price Target Upside26.85% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)1.25
Revenue Forecast (FY)HK$78.64B
Anhui Conch Cement Company Business Overview & Revenue Model
Company Description
Anhui Conch Cement Company Limited, alongside its various subsidiaries, specializes in the production, distribution, and commercial exchange of clinker and cement. Its business operations are structured across five distinct geographical segments: ...
How the Company Makes Money
Anhui Conch Cement primarily makes money by selling building-material products to customers in the construction and infrastructure supply chain.
Key revenue streams:
1) Cement sales: The company produces finished cement products and sells them to...
Anhui Conch Cement Company Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
84
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 92.59B | 80.40B | 91.03B | 141.00B | 132.02B | 167.95B |
| Gross Profit | 23.62B | 18.48B | 19.76B | 22.36B | 28.12B | 49.77B |
| EBITDA | 20.40B | 16.89B | 19.30B | 21.97B | 26.76B | 50.07B |
| Net Income | 8.03B | 8.25B | 7.70B | 10.43B | 15.66B | 33.27B |
Balance Sheet | ||||||
| Total Assets | 252.42B | 256.11B | 254.64B | 246.19B | 243.98B | 230.51B |
| Cash, Cash Equivalents and Short-Term Investments | 62.93B | 64.55B | 70.74B | 70.57B | 68.62B | 93.81B |
| Total Debt | 27.64B | 27.86B | 27.58B | 20.29B | 22.14B | 11.90B |
| Total Liabilities | 50.55B | 52.34B | 54.26B | 48.22B | 47.98B | 38.69B |
| Stockholders Equity | 191.18B | 192.49B | 187.94B | 185.32B | 183.64B | 183.69B |
Cash Flow | ||||||
| Free Cash Flow | 3.97B | 7.01B | 7.16B | 5.91B | -17.00B | 18.70B |
| Operating Cash Flow | 12.87B | 16.64B | 18.48B | 20.07B | 9.65B | 33.90B |
| Investing Cash Flow | -5.69B | -13.93B | -13.33B | -19.31B | -5.28B | -21.67B |
| Financing Cash Flow | -7.41B | -8.30B | -385.48M | -5.44B | -5.72B | -11.60B |
Anhui Conch Cement Company Technical Analysis
Negative
17.80
Price Trends
17.28
Negative
17.86
Negative
20.00
Negative
Market Momentum
-0.25
Positive
43.72
Neutral
12.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0914, the sentiment is Negative. The current price of 17.8 is above the 20-day moving average (MA) of 17.08, above the 50-day MA of 17.28, and below the 200-day MA of 20.00, indicating a bearish trend. The MACD of -0.25 indicates Positive momentum. The RSI at 43.72 is Neutral, neither overbought nor oversold. The STOCH value of 12.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0914.
Anhui Conch Cement Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | HK$49.98B | 14.98 | 10.68% | 3.61% | 18.04% | 28.32% | |
62 Neutral | HK$104.08B | 15.06 | 3.27% | 5.05% | -6.86% | -26.49% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | HK$10.52B | 17.85 | 4.02% | 2.86% | -10.09% | -45.87% | |
45 Neutral | HK$2.63B | -18.35 | -0.73% | 2.05% | -10.94% | -150.17% | |
44 Neutral | HK$25.85B | -2.68 | -5.48% | 4.96% | 0.12% | -214.59% | |
44 Neutral | HK$1.13B | -0.65 | -8.62% | 3.22% | -23.06% | -1157.34% |
* Basic Materials Sector Average
HK:0914
Anhui Conch Cement Company
16.84
-6.29
-27.20%
HK:0743
Asia Cement (China) Holdings
1.66
-1.01
-37.90%
HK:3323
China National Building Material Co
3.45
-1.69
-32.88%
HK:0691
China Shanshui Cement Group
0.26
-0.69
-72.63%
HK:2233
West China Cement
1.93
-0.81
-29.69%
HK:6655
Huaxin Cement Co., Ltd. Class H
17.02
3.56
26.47%
Anhui Conch Cement Company Corporate Events
Anhui Conch Cement Board Approves 2026 Interim Results and Dividend
Aug 26, 2026
Anhui Conch Cement’s board has unanimously approved its 2026 interim report and summary, including unaudited financial statements prepared under both China Accounting Standards and International Financial Reporting Standards, as well as the ...
Anhui Conch Cement’s First-Half Profit Slumps as Revenue Falls
Aug 26, 2026
Anhui Conch Cement reported interim results for the six months ended 30 June 2026 showing significant top- and bottom-line pressure. Revenue under IFRS was approximately RMB 36.93 billion, down about 10.9% year-on-year, while profit attributable t...
Anhui Conch Cement Declares Interim Dividend and Sets Tax, Payment Details
Aug 26, 2026
Anhui Conch Cement has declared an interim ordinary cash dividend of RMB 0.13 per share for the six months ended 30 June 2026, payable in Hong Kong at HKD 0.15026 per share based on a set exchange rate. The stock will trade ex-dividend on 8 Septem...
Anhui Conch Cement Schedules Board Meeting to Review 2026 Interim Results and Dividend
Aug 13, 2026
Anhui Conch Cement Company Limited has scheduled a board meeting for 26 August 2026 to review and approve the unaudited consolidated results of the group for the six months ended 30 June 2026, and to authorize their publication in line with Hong K...
Anhui Conch Cement Appoints New Staff Director After Board Resignation
Jul 3, 2026
Anhui Conch Cement has announced a change in its board’s staff director position following the resignation of Mr. Fan Zhan, who stepped down due to adjustments to his personal work commitments and other business engagements. The company stat...
Anhui Conch Cement Updates Board and Committee Line-Up
Jul 3, 2026
Anhui Conch Cement has released an updated list of its board of directors, confirming Yang Jun as chairman and Zhu Shengli as deputy chairman, alongside executive, independent non-executive and staff directors. The disclosure clarifies governance ...
Anhui Conch Cement Centralizes Operations With New Asset Deals and Non-Compete Shift
Jul 2, 2026
Anhui Conch Cement has agreed for its subsidiaries Hefei Conch and Wulanchabu Conch to acquire cement production assets from Wanwei Updated High-Tech and Mengwei Technology in Chaohu and Wulanchabu, respectively. The Chaohu assets will be purchase...
Anhui Conch Cement to Fully Acquire Conch Design Institute in Connected Deal
Jun 24, 2026
Anhui Conch Cement has agreed to acquire 100% of the equity in Conch Design Institute from its controlling shareholder Conch Holdings for RMB 561.58 million, turning the design institute into a wholly owned subsidiary. The move brings an affiliate...
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.