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Research Reports Gold Digging | Northeast Securities: Initiates a "Buy" rating for Huaxin Cement, with a leading progress in overseas expansion and promising prospects.
Northeast Securities Research Reports indicate that Huaxin Cement (600801.SH) is one of the earliest cement enterprises in China, a Global building materials group with both foreign and state-owned Shareholder backgrounds. By the end of 2023, the company ranked 4th globally in terms of production capacity among Chinese cement enterprises, 6th domestically, 2nd in overseas production capacity that has been put into operation, and 1st in overseas revenue scale. In most overseas regions, cement prices are significantly higher than those in China, with a generally better competitive landscape and maintaining reasonable profit margins. The company's progress in going overseas is ahead, and the outlook is promising, with a clear trend of profit recovery. The current PB is only 0.9, which is at a historical low, indicating significant room for improvement.
Hong Kong stocks are experiencing changes | Cement stocks are collectively retreating, and the prices of cement in East China have shown seasonal adjustments. Institutions indicate that the decline in cement demand is expected to narrow.
Cement stocks fell collectively; as of the time of writing, BBMG Corporation (02009) is down 5%, trading at HKD 0.76; CONCH CEMENT (00914) is down 4.83%, trading at HKD 18.92; CR BLDG MAT TEC (01313) is down 3.14%, trading at HKD 1.54; Huaxin Cement (06655) is down 1.79%, trading at HKD 7.69.
Huaxin Cement Co., Ltd.'s (SHSE:600801) Top Owners Are Public Companies With 45% Stake, While 28% Is Held by Individual Investors
Announcement highlights | A subsidiary of China Energy Engineering won an EPC general contracting project worth nearly 5.9 billion yuan; VESYNC received a premium of approximately 33.33% for privatization, and resumes trading today.
China Energy Engineering Corporation's subsidiary has won an EPC general contracting project worth nearly 5.9 billion yuan; SANXUN GROUP's sales in the first 11 months decreased by more than 60% year-on-year.
Huaxin Cement (06655.HK) subsidiary sold assets to the Kunming Guandu District government Changshui Street Office for a compensation price of 0.85 billion yuan.
On December 27, Guolonghui reported that Huaxin Cement (06655.HK) announced that its wholly-owned subsidiary Yunnan Huaxin Dongjun Cement Co., Ltd. (hereinafter referred to as "Dongjun Cement") and Yunnan State Assets Cement Kunming Co., Ltd. (hereinafter referred to as "State Assets Kunming") will transfer their land use rights and non-current assets such as buildings and structures, attached properties, and machinery to the People's Government of Guandu District, Kunming City, Yunnan Province, for a compensation price of 0.85 billion yuan. The proceeds from the asset sale will be used as general operating funds for the group. It is reported that Dongjun Cement was acquired by the company in 2017.
Huaxin Cement (600801.SH): Subsidiary sells assets.
On December 27, Ge Long Hui reported that Huaxin Cement (600801.SH) announced that its wholly-owned subsidiary, Yunnan Huaxin Dongjun Cement Co., Ltd. (referred to as "Dongjun Cement"), and Yunnan State-owned Cement Kunming Co., Ltd. (referred to as "State-owned Kunming") will transfer the land use rights and permanent assets such as buildings, structures, attachments, and machinery equipment under their name to the Changshui Street Office of the People's Government of Guandu District, Kunming City, Yunnan Province for a compensation price of 0.85 billion yuan.
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