West China Cement Limited

West China Cement Limited

WCHNF
West China Cement LimitedUS flagOther OTC
0.35
USD
-NaN
- -
1.91BMarket Cap
West China Cement Limited
WCHNF
(Other OTC)

Recent

price

0.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.82
0.75
0.8
0.92
0.86
0.7
0.69
0.88
1.09
1.33
1.31
1.47
1.56
1.66
1.53
1.76
Revenue per Share
0.26
0.16
0.08
0.08
0.01
-0.06
- -
0.13
0.21
0.33
0.29
0.29
0.22
0.08
0.11
0.16
Basic EPS, GAAP
-0.11
-0.23
0.17
0.08
0.12
0.02
0.17
0.23
0.31
0.17
-0.05
-0.34
-0.15
-0.04
-0.03
-0.22
Free Cash Flow per Basic Share
- -
0.04
0.01
0.02
0.02
- -
- -
- -
0.04
0.05
0.06
0.12
0.09
0.07
0.02
0.03
Dividend per Share
0.46
0.51
0.57
0.61
0.59
0.47
0.43
0.55
0.73
1
1.25
0.03
1.69
1.73
1.82
1.96
Book Value per Share
0.95
0.89
0.96
0.98
0.97
1.05
0.97
1.1
1.28
1.66
1.9
2.13
2.36
2.53
2.47
2.49
Tangible Book Value per Share
3,623
4,259
4,416
4,547
4,528
4,983
5,421
5,422
5,434
5,435
5,437
5,439
5,439
5,439
5,451
5,463
Basic Weighted Avg Shares
2,961
3,190
3,524
4,168
3,883
3,501
3,719
4,760
5,912
7,247
7,131
8,003
8,489
9,021
8,345
9,621
Sales/Revenue/Turnover
39.08
25.9
16.9
14.82
11.7
7.36
14.58
22.9
32.8
31.88
30.28
24.96
22.98
16.31
13.46
16.67
Operating Margin (%)
214
332
464
574
626
703
772
795
788
837
902
1,085
1,290
1,344
1,324
1,513
Depreciation Expense
925
662
365
378
36
-309
10
711
1,159
1,801
1,560
1,585
1,215
421
626
880
Net Income, GAAP
11.76
13.48
18.77
19.54
70.76
- -
87.49
25.46
27.67
17.57
14.32
14.43
11.18
28.15
24.06
21.05
Effective Tax Rate (%)
31.25
20.75
10.35
9.08
0.92
-8.83
0.28
14.93
19.61
24.85
21.88
19.81
14.31
4.67
7.5
9.14
Profit Margin (%)
-679
- -
-1,094
-426
-505
-728
106
854
-1,468
694
225
1,100
-2,625
-2,000
-3,560
-4,599
Working Capital
131
2,667
2,613
3,208
3,288
2,566
2,749
2,756
- -
1,711
1,833
5,881
5,662
7,044
7,642
6,646
LT Debt
3,574
4,179
4,847
5,085
5,016
5,904
5,913
6,629
7,599
9,226
10,527
11,792
13,392
14,168
13,816
13,917
Total Equity
26.09
11.55
5.93
5.57
1.46
- -
0.68
7.9
13.08
16.44
13.92
9.66
7.85
4.4
3.39
4.91
Return on Invested Capital (%)
37.92
18.68
7.81
8.33
1.47
- -
0.61
13.39
18.78
24.48
17.5
15.73
9.75
1.8
2.88
4.97
Return on Capital (%)
74.77
34.62
15.62
14.36
1.32
-12.3
0.44
26.74
33.26
38.14
25.42
45.52
26.02
4.53
6.48
8.53
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.21%
5.93%
0.73%
Free Cash Flow
158.86%
205.17%
566.03%
Net Income, GAAP
679.25%
0.4%
40.47%
Sales/Revenue/Turnover
11.18%
6.47%
15.29%
Total Cash Common Dividend
- -
5.07%
47.75%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
9,021
2024
- -
- -
- -
- -
8,345
2025
- -
- -
- -
- -
9,621

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.08
2024
- -
- -
- -
- -
0.11
2025
- -
- -
- -
- -
0.16

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.07
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
0.03
Business
West China Cement Limited (WCHNF) is a leading cement manufacturer and distributor primarily operating in Western China, with an investment holding structure that oversees production and sales of cement, aggregates, and commercial concrete. The company produces Portland cement and related products under the "尧柏" (Yaobai) trademark, alongside aggregates with a capacity of 15.0 million tons annually and commercial concrete at 12.4 million cubic meters per year; its facilities comprise 21 cement production lines utilizing new suspension preheater (NSP) technology, including major plants such as Pucheng and Shifeng, each with capacities exceeding 2 million tons per annum. These products support infrastructure projects like highways, railways, bridges, hydroelectric stations, water conservancy, and urban-rural construction in target markets across Shaanxi, Xinjiang, and Guizhou provinces in China; Uzbekistan; and African regions including Mozambique, Democratic Republic of Congo, and Ethiopia. Founded in 2006 and headquartered in Xi'an, Shaanxi Province, China, the company maintains a dominant position in eastern and southern Shaanxi, with total cement production capacity reaching 39.3 million tons as of December 31, 2024, distributed as 21.7 million tons in Shaanxi, 3.5 million tons in Xinjiang, 1.8 million tons in Guizhou, 2.5 million tons in Uzbekistan, 2.0 million tons in Mozambique, 1.5 million tons in D.R. Congo, and 6.3 million tons in Ethiopia. Listed on the Hong Kong Stock Exchange (HKEX: 2233) since 2010, West China Cement emphasizes sustainability through heat-recycling plants at over 50% of capacity, denitration equipment reducing nitrous oxide emissions by 60% per ton of clinker, and involvement in hazardous waste incineration. In recent developments, the company completed the acquisition of Kangding Paomashan Cement Co., Ltd. in April 2025 through subsidiary Kangding New Lvchuan Environmental Protection Co., Ltd., enhancing its production footprint; it also disposed of assets in Xinjiang for CNY 1.65 billion (approximately USD 230.7 million) in June 2025 as part of a phased withdrawal strategy from non-core Chinese regions amid oversupply. Further, a wholly-owned subsidiary acquired additional 7.75% equity in Cimenterie de Lukala SA (CILU) in the Democratic Republic of Congo for USD 6 million in May 2025, positioning it as the largest cement producer there upon full completion in the second half of 2025; in Mozambique, it operates the 2.0 million tons per annum Dugongo plant at near-full utilization and advances a new 1.5 million tons per annum facility in Nampula, slated for 2026 completion with over 80% ownership. Financially, West China Cement entered a purchase agreement in November 2025 for a USD 400 million notes issue and targets a USD 300 million bond offering by year-end to partially refinance USD 600 million 4.95% notes due 2026, supported by Xinjiang disposal proceeds and cash flows.