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anhui conch cement co ltd-a (600585) Details

Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures and sells cement, commodity clinker, and aggregates in the People’s Republic of China and internationally. The company primarily offers cement and commodity clinker under the CONCH brand. It also provides construction and installation services for industrial purposes; logistic services; and mining and related services. In addition, the company manufactures and sells cement packaging products and refractory materials; and develops and sells profile and related products, as well as exports clinker and cement products. Anhui Conch Cement Company Limited was founded in 1997 and is based in Wuhu, the People’s Republic of China.

42,915 Employees
Last Reported Date: 03/22/18
Founded in 1997

anhui conch cement co ltd-a (600585) Top Compensated Officers

GM & Executive Director
Total Annual Compensation: CNY1.0M
Chairman
Total Annual Compensation: --
Executive Director
Total Annual Compensation: CNY854.0K
Deputy Chairman
Total Annual Compensation: CNY578.0K
Deputy General Manager
Total Annual Compensation: --
Compensation as of Fiscal Year 2016.
anhui conch cement co ltd-a
Anhui Conch Cement Company Limited Provides Earnings Guidance for the First Half of 2018

Anhui Conch Cement Company Limited provided earnings guidance for the first half of 2018. For the period, the company expects an increase of between RMB 5,373 million and RMB 6,717 million in the net profit belonging to shareholders of listed company in the first half of 2018 compared with the same period of the year before (based on the disclosed statistics according to relevant regulations), with a year-on-year increase of between 80% and 100%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 6,660 million and RMB 7,685 million, with an increase of between 130% and 150% compared with the same period of the year before (based on the disclosed statistics according to relevant regulations).

Anhui Conch Cement Company Limited Approves A Final Dividend for the Year Ended December 31, 2017

Anhui Conch Cement Company Limited announced the payment of the final dividend of RMB 1.20 per share (tax inclusive) by the company for the year ended 31 December 2017. The payment of the Final Dividend was approved by the Company's shareholders at the 2017 annual general meeting of the Company. The Final Dividend will be distributed on 20 June 2018 to the Shareholders whose names appear on the register of members of A shares of the Company on 19 June 2018 and will be distributed on 27 June 2018 to those whose names appear on the register of members of H shares of the Company on 11 June 2018. The Final Dividend payable to holders of H shares shall be paid in Hong Kong dollar. For individual holders of H shares who are Hong Kong or Macau residents or whose country of domicile is a country which has entered into a tax treaty with China stipulating a dividend tax rate of 10%, the Company will withhold and pay individual income tax at the rate of 10% on behalf of the individual holders of H shares receiving the dividend. The applicable tax rate for mainland individual investors and securities investment funds which hold the Company's H shares through the Southbound Trading Link is 20%. No tax is withheld from dividend for institutional investors.

Anhui Conch Cement Company Limited Announces Executive Changes

The board of directors of Anhui Conch Cement Company Limited announced that Mr. Zhou Bo has tendered his resignation as an executive director, company secretary and chief accountant of the Company, and has ceased to act as authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 8 June 2018 due to personal reasons. Following the resignation of Mr. Zhou, Mr. Chiu Pak Yue Leo, a solicitor of the Hong Kong Special Administrative Region as defined in the Legal Practitioners Ordinance (Chapter 159 of the Laws of Hong Kong), remains a company secretary of the Company. The Company is in the course of searching for a suitable candidate to fill the vacancy of a joint company secretary as soon as practicable. For the time being, Mr. Yu Shui, the assistant to general manager of the Company, will assist in the taking up of company secretarial duties.

 

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Valuation 600585 Industry Range
Price/Earnings 9.3x
Price/Sales 2.1x
Price/Book 1.8x
Price/Cash Flow 7.0x
TEV/Sales 1.1x
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