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WESTCHINACEMENT
02233.HK
West China Cement Limited, an investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally. It also engages in financial leasing; exploitation and sales of mines; real estate development and operation; production, manufacturing, and wholesale sales of gypsum board; and transportation businesses. In addition, the company involved in the green commodity concrete, precast components, prefabricated building research and development, design, production, construction, and sales business. The company’s 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 under the Yao Bai and Yaobaishuini names.
252.26 B
02233.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Construction MaterialsIndustry
Industry Ranking6/21
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE7.76%B
    • Profit Margin9.82%B
    • Gross Margin30.45%C
  • Growth ScoreB
    • Revenue YoY21.05%A
    • Net Profit YoY258.35%A
    • Total Assets YoY1.39%C
    • Net Assets YoY-1.31%D
  • Cash ScoreB
    • Cash Flow Margin1018.82%B
    • OCF YoY21.05%A
  • Operating ScoreD
    • Turnover0.28D
  • Debt ScoreD
    • Gearing Ratio59.95%D

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Moody's places WESTCHINACEMENT on upgrade watch, expects new notes issuance to alleviate refinancing risks

    Moody's has placed WESTCHINACEMENT's rating on upgrade watch and plans to issue new US dollar senior notes to alleviate refinancing risks. If successful, the corporate family rating and senior unsecured rating are expected to be upgraded to "B3" and "Caa1," respectively

    AASTOCKS·
    HK
    02233
    +4.95%
    AASTOCKS·
    HK
    02233
    +4.95%

    Morning Trend | WESTCHINACEMENT (2233.HK) rebounds on October 16, testing the waters as infrastructure sentiment marginally improves

    On October 16th, WESTCHINACEMENT (2233.HK) saw a short-term intraday surge, with the intention of a bottom rebound gradually becoming clear. Yesterday, the market experienced a mild increase, with buying interest tentatively entering, but overall momentum has not fully opened up, and the main funding tone remains cautious. The short-term volatility range is limited, with the price center slightly rising, but lacking sustained volume support, the rebound foundation is somewhat hesitant. In terms of the policy environment, the infrastructure sector has recently been influenced by macroeconomic stimuli, with some funds flowing into oversold targets. WESTCHINACEMENT has also seen a phase of repair, with its stock price temporarily breaking away from a weak pattern. Currently, expectations of local resumption of work and production, as well as infrastructure funding deployment, dominate market confidence, and relevant industry news combined with marginal improvements in fundamentals provide some support for the short-term rebound. From a structural perspective, there is still strong horizontal pressure above the price level, and yesterday's trading volume has not been fully released, raising doubts about whether an effective breakthrough can be achieved. The market style is clearly alternating and rotating, with funding sentiment easily affected by industry policies and external market conditions. If the main force increases volume and lifts prices in the future, the rebound window is expected to continue to open. Otherwise, it may be easily disturbed by short-term fluctuations, leading to strong market reversals. WESTCHINACEMENT benefits from the oversold rebound and sector rotation, and currently remains in a phase of repair. The configuration of volume and changes in market atmosphere will determine the continuity of the market. Investors need to pay attention to changes in policy expectations, the flow of infrastructure funds, and macroeconomic trends. If the overall market adjusts, the risks of sectors and individual stocks may be released simultaneously, necessitating a good risk control plan. Overall, the current rebound is primarily exploratory in nature, with sustainability and space awaiting validation from subsequent events and news

    Technical Forecast·
    HK
    02233
    +4.95%
    Technical Forecast·
    HK
    02233
    +4.95%

    The Half-Day Report: The Hang Seng Index closed at 25,799 points, down 111 points; the Hang Seng Tech Index closed at 5,992 points, down 82 points. Xiaomi Group fell over 3%, while Shenhua, Hengan, China Coal Energy, CEA, and WESTCHINACEMENT reached new highs

    The Hang Seng Index closed at 25,799 points, down 111 points or 0.4%; the Hang Seng Tech Index reported 5,992 points, down 82 points or 1.4%. Xiaomi Group fell over 3%, while Shenhua, Hengan, China Coal Energy, CEA, and WESTCHINACEMENT reached new highs. Among active heavyweight stocks, Meituan, Tencent, and Alibaba all declined, while Ping An saw a slight increase. Mid-cap stocks such as New Oriental, Pop Mart, and BYD Electronics performed strongly

    AASTOCKS·
    SH
    601898
    -1.72%
    HK
    01898
    +0.37%
    HK
    02233
    +4.95%
    AASTOCKS·
    SH
    601898
    -1.72%
    HK
    01898
    +0.37%
    HK
    02233
    +4.95%

    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)

    Zhitong·
    HK
    02233
    +4.95%
    Zhitong·
    HK
    02233
    +4.95%

    CITIC Securities: Initiates coverage on WESTCHINACEMENT with a "Buy" rating and a target price of HKD 3.73

    CITIC Securities has initiated coverage on WESTCHINACEMENT with a "Buy" rating and a target price of HKD 3.73. It is expected that the net profit attributable to the parent company for 2025-2027 will be RMB 1.143 billion, RMB 1.422 billion, and RMB 2.015 billion, respectively, with EPS of RMB 0.21, RMB 0.26, and RMB 0.37. The company is actively expanding its overseas market, with overseas cement sales of 4.03 million tons in 2024, and an overseas gross profit of RMB 288 per ton, far exceeding the domestic gross profit of RMB 42 per ton. The sale of Xinjiang assets will help alleviate debt pressure

    Zhitong·
    HK
    02233
    +4.95%
    Zhitong·
    HK
    02233
    +4.95%
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