If you are looking for a stable company to invest in in the industrial sector, take a look at the shares of Anhui Conch Cement Co. This manufacturer of building materials, has a leading position in the Chinese market and has shown stable financial results even in times of crisis. Anhui Conch shares may be of interest to investors aimed at both short-term and long-term investments.
Anhui Conch Cement Co. - is one of China's largest cement producers. The corporation was founded on September 1, 1997. The manufacturer of building materials supplies products to more than 40 countries. Among them are Russia, Indonesia, Laos, Vietnam, etc.
Conch is considered a strong competitor in its field of activity in the Asian market. The company's advantages include careful cost control. The corporation has strategic manufacturing bases and direct access to low-cost trucking by water and materials for manufacturing products. Conch operates ports and wharves to minimize the cost of shipping construction materials.
Anhui Conch Cement has shares available for purchase on Asian stock markets. In October 1997, the company's securities were listed on the Hong Kong Stock Exchange. Anhui Conch shares were listed on the Shanghai Stock Exchange in February 2002.
The main activities of Anhui Conch Cement are the production of cement, clinker, concrete, and aggregates. The cement of grades 32.5, 42.5, and 52.5 make up the bulk of the products produced. Building materials of this manufacturer are used in the construction of large infrastructure facilities, railroads, and highways. Conch products are also used in the construction of airports, water reservoirs, and city buildings.
In 2021 the company worked on the expansion of industrial chains. For example, the corporation completed projects to build cement clinker and aggregates production facilities in Jiangxi Yiyang. Conch acquires new cement projects, including Guangdong Hongfeng, Guizhou New Shuanglong, and Yunnan Tengyue. Commodity concrete production projects purchased also include Anhui Guanteng Group, Yingde Tongde Concrete, and Shengde Concrete.
In 2021, Conch's financial results were stable despite rising fuel prices. The profitability of cement and clinker production was 44% in 2021. The clinker producer faced higher coal and energy costs during this reporting period. Despite this, Conch generated RMB 148,224 million in cement and clinker revenue, up 0.18% from 2020.
In 2021, operating expenses were more than 1.5% over the size of this figure for 2020. Annual sales revenue was ¥36,571 million. This is almost 11% less than in 2020.
At the end of April, the industrial giant presented its financial report for the first quarter of 2022. For the three months, the company generated operating revenue of 25.5 billion yuan. This figure is more than 25% lower than the first quarter of 2021. Anhui Conch Cement shares brought shareholders a net profit of 4.9 billion yuan for the three months.
In March 2020, Anhui Conch Cement shares were trading at $34. After the pandemic began, the quote held at that level for several months, but by early 2021, it had dropped to $29.
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Between July 2021 and July 2022, Anhui Conch's stock price dropped from $25.3 to $21.8.
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