Understanding the Market | WESTCHINACEMENT Rises Over 5% to Reach New Highs, Overseas Gross Profit per Ton Far Exceeds Domestic, Company Firmly Promotes Overseas Strategy
WESTCHINACEMENT rose over 5%, reaching a high of HKD 3.68, setting a new historical high. As of the time of publication, it rose 5.17%, reported at HKD 3.66. Cathay Securities released a research report stating that under the backdrop of declining domestic demand, exporting cement has become a necessary option. WESTCHINACEMENT began its overseas strategy in 2020, with its first production line established in Mozambique, and has expanded at a pace of entering one new country each year. By the end of 2024, the company has established a presence in Mozambique, the Democratic Republic of the Congo, Ethiopia, and Uzbekistan. The firm believes that the company's determination to go overseas is strong, the timing is right, and progress is rapid. The firm pointed out that in 2024, the company's overseas gross profit per ton will reach HKD 288/ton, far exceeding the domestic figure of HKD 42/ton, and the company is unwavering in promoting its high-margin overseas layout strategy. In June 2025, the company announced plans to sell its Xinjiang cement assets for HKD 1.65 billion, which will help alleviate debt pressure and ensure the progress of overseas expansion (new projects in Uganda, acquisitions in the Democratic Republic of the Congo, production lines in Zimbabwe, northern Mozambique, and long-term projects in Angola)
According to Zhitong Finance APP, WESTCHINACEMENT (02233) rose over 5%, reaching HKD 3.68, setting a new historical high. As of the time of publication, it was up 5.17%, priced at HKD 3.66.
Guotai Junan Securities released a research report stating that under the backdrop of declining domestic demand, exporting cement has become a necessary option. WESTCHINACEMENT began its overseas strategy in 2020, with its first production line established in Mozambique, and has been expanding at a rate of entering one new country each year. By the end of 2024, the company has laid out operations in Mozambique, the Democratic Republic of the Congo, Ethiopia, and Uzbekistan. The firm believes that the company's determination to go overseas is strong, the timing is right, and progress is rapid.
The firm pointed out that in 2024, the company's overseas gross profit per ton will reach HKD 288/ton, far exceeding the domestic figure of HKD 42/ton. The company is unwavering in its strategy to promote high-margin overseas layouts. In June 2025, the company announced plans to sell its Xinjiang cement assets for HKD 1.65 billion, which will help alleviate debt pressure and ensure the progress of overseas expansion (including new projects in Uganda, acquisitions in the Democratic Republic of the Congo, production lines in Zimbabwe, northern Mozambique, and long-term projects in Angola)
