China Shanshui Cement Group Ltd.

China Shanshui Cement Group Ltd.

HHKEX:691
0.18
HKD
-0.05
(-22.08%)
1.15BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
5.87
5.37
3.3
3.34
4.37
5.04
4.93
4.8
5.66
4.94
4.16
3.33
2.66
- -
Basic EPS, GAAP
0.36
0.12
-1.89
-0.22
0.18
0.62
0.68
0.73
0.64
0.17
-0.2
-0.03
-0.23
- -
Free Cash Flow per Basic Share
-0.59
-0.23
-0.6
0.15
0.36
0.35
0.64
0.45
0.3
-0.03
-0.18
-0.07
0.11
- -
Dividend per Share
0.19
0.07
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.28
3.14
1.19
0.92
1.16
2.19
2.87
3.61
4.24
4.4
4.21
4.17
3.95
3.77
Tangible Book Value per Share
1.55
1.69
0.47
0.22
0.48
1.67
2.31
3.05
3.64
3.77
3.63
3.61
3.34
3.37
Basic Weighted Avg Shares
2,816
2,907
3,379
3,379
3,379
3,547
4,354
4,354
4,354
4,354
4,354
4,354
4,354
4,354
Sales/Revenue/Turnover
16,535
15,596
11,166
11,284
14,774
17,873
21,479
20,891
24,660
21,489
18,116
14,510
11,561
- -
Operating Margin (%)
15
11.45
-13.39
6.65
12.99
23.98
24.99
25.12
21.33
10.47
1.22
5.22
3.47
- -
Depreciation Expense
1,217
1,341
1,468
1,483
1,459
1,413
1,546
1,502
1,426
1,484
1,450
1,425
1,389
- -
Net Income, GAAP
1,017
348
-6,387
-738
601
2,197
2,973
3,187
2,777
755
-884
-141
-983
- -
Effective Tax Rate (%)
33.41
55.29
- -
- -
43.51
28.82
28.34
24.44
27.7
41.15
- -
- -
- -
- -
Profit Margin (%)
6.15
2.23
-57.2
-6.54
4.07
12.29
13.84
15.26
11.26
3.52
-4.88
-0.97
-8.5
- -
Working Capital
-4,827
-2,795
-17,845
-17,875
-15,408
-7,370
-4,965
-2,661
-1,557
-1,661
-2,306
-1,203
-2,027
-2,596
LT Debt
9,633
11,915
212
5
801
2,501
2,321
1,292
188
891
853
1,631
959
718
Total Equity
9,967
11,366
4,493
3,256
4,018
9,586
12,600
15,882
18,745
19,433
18,403
18,192
16,984
16,141
Return on Invested Capital (%)
6.82
2.98
- -
- -
6.29
15.16
18.08
17.7
14.35
3.78
- -
- -
- -
- -
Return on Capital (%)
6.47
3.3
- -
- -
6.9
15.66
17.75
16.91
13.39
3.66
- -
- -
- -
- -
Return on Common Equity (%)
11.36
3.5
-87.33
-20.71
17.13
32.69
27
22.6
16.25
4.01
-4.72
-0.77
-5.56
- -

Capital Structure

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
4,808
5,426
5,777
LT Borrowings
1,145
805
573
LT Finance Leases
146
154
145
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,354
4,354
4,354
Market Capitalization
1,929
2,387
998

Working Capital

CNY

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
8,164
7,663
7,759
Cash, Cash Equivalents & STI
2,619
2,913
2,993
Accounts Receivable, Net
1,249
808
972
Inventories
2,063
1,797
1,754
Total Current Liabilities
9,710
9,691
10,355
Payables & Accruals
- -
- -
- -
ST Debt
4,808
5,426
5,777
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.05%
1.72%
-6.64%
Free Cash Flow
8.15%
-5.02%
-274.16%
Net Income, GAAP
25.07%
42.47%
599.11%
Sales/Revenue/Turnover
1.97%
-10.15%
-20.33%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
14,510
2025
- -
- -
11,561
2026
- -
- -
- -

Semi-annual Earnings Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.03
2025
- -
- -
-0.23
2026
- -
- -
- -

Semi-annual Dividends Per Share

CNY

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Yongjun Teng
Full Time Employees
12,959
Sector
Non-energy minerals
Industry
Construction materials
Address
Shanshui Industrial Park Jinan SD China 250307
IPO Date
Jul 4, 2008
Business
China Shanshui Cement Group Limited is an investment holding company principally engaged in the production and sale of cement, clinker, concrete, aggregates, and related building materials in the People's Republic of China. The Group manufactures Portland cement, ordinary cement, composite cement, slag cement, high sulfate resistant Portland cement, and commercial clinker under brands including Shanshui Dongyue, Shanshui Gongyuan, and Bohai; it also produces commercial concrete, aggregates, plastic weaving products, new-type wall materials, and provides cement machinery manufacturing, installation, maintenance, and technical support services. Shandong Shanshui Cement Group Company Limited, its principal operating subsidiary, maintains production facilities across six regions—Eastern Shandong, Western Shandong, Southern Shandong, Northeast China, Shanxi, and Xinjiang—spanning provinces including Shandong, Liaoning, Shanxi, Inner Mongolia, Shaanxi, Jilin, Hebei, Henan, Tianjin, and Xinjiang, with total cement capacity of 96.93 million tonnes and clinker capacity of 52.13 million tonnes as of December 31, 2024. Founded through the establishment of Shandong Shanshui in 2005 and listed on the Hong Kong Stock Exchange in 2008 (ticker: 0691.HK), the Group is headquartered in Jinan, Shandong Province. In recent developments, the Group renewed its 2025 Framework Agreements for continuing connected transactions with China National Building Materials Group (CNBMG) and its subsidiaries, covering the supply of cement, clinker, aggregates, and related products alongside procurement of raw materials and services. It held its Annual General Meeting in May 2025, approving proposals including mine development plans, while reporting consolidated revenue of RMB14.51 billion for 2024 amid a challenging market with cement demand declining 9.5% year-on-year. Board changes during 2024 included the appointment of Mr. Teng Yongjun as Chairman in August, alongside adjustments to executive directors and committee memberships; the Group continues to implement a "cement +" diversification strategy, expanding into aggregates, manufactured sand, commercial concrete, prefabricated components, and cement equipment across its 114 subsidiaries.