Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Anhui Conch Cement Company Limited
  6. News
  7. Summary
    914   CNE1000001W2

ANHUI CONCH CEMENT COMPANY LIMITED

(914)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Anhui Conch Cement Company Limited Enters into Procurement of Cement Admixtures (Grinding Aids) Contract for Procurement of Cement Grinding Aids with Conch New Materials Company

04/01/2021 | 06:03am EST

On 1 April 2021, Anhui Conch Cement Company Limited entered into the Procurement of Cement Admixtures (Grinding Aids) Contract for procurement of cement grinding aids with Conch New Materials Company, with a validity period from the date of the Contract to 31 December 2022. The details of the Contract are as follows. Conch New Materials Company (Seller). The Group will purchase three types of cement grinding aids, namely the composite type, the production-increasing type and the enhanced type, from Conch New Materials Company. The purchase quantity shall be determined by the Company according to the actual needs for its cement production. Conch New Materials Company will be responsible for product transportation and the related expenses. The relevant subsidiaries of the Company shall make settlement payment within two months after receiving the invoices of each batch of products from Conch New Materials Company. The relevant subsidiaries of the Company will respectively enter into individual sub-contracts with Conch New Materials Company regarding the procurement of cement grinding aids. The major terms of these individual sub-contracts shall be in line with those of the Procurement of Cement Admixtures (Grinding Aids) Contract. Validity of the Contract: The Procurement of Cement Admixtures (Grinding Aids) Contract was entered into between the Company and Conch New Materials Company on 1 April 2021, and was approved by the Board of the Company to become effective on the same date. It is valid from 1 April 2021 to 31 December 2022. Contract Price, Annual Cap and Basis for its Determination: Contract Price and Annual Cap: According to the Group's cement production plan for the second to the fourth quarters of 2021 and for the year of 2022 and based on the grinding aids product unit price as prescribed in "Basis for determination of Contract Price" below, it is estimated that from the date of the Contract to 31 December 2022, the aggregate transaction amount for the Group's procurement of cement grinding aids from Conch New Materials Company will be not more than RMB 1,400,000,000, of which the maximum transaction amount for the period from 1 April 2021 to 31 December 2021 is RMB 600,000,000, and the annual cap amount for 2022 is RMB 800,000,000. Basis for determination of Contract Price: Taking into account the stability and adaptability of grinding aid products and the availability of secured supply, the Company conducted price inquiry and comparison of current top tier domestic suppliers of cement grinding aids through a comprehensive review of, among others, the financial and corporate performance, credit status, credibility of contract performance, financial status, production craftsmanship and technology, project management capabilities, overall strengths and price quotations of 3 suppliers (1 being Conch New Materials Company and the other 2 being independent third parties). Conch New Materials Company was finally selected as the Group's domestic supplier of cement grinding aid products in consideration of its optimal overall price-performance ratio and its reliability in terms of secured supply. The unit price of composite type cement grinding aid products under the Procurement of Cement Admixtures (Grinding Aids) Contract was determined based on the results of the price inquiry and comparison as described above, and upon further competitive negotiations between the Company and Conch New Materials Company (the price is lower than the unit price under the First Quarter Contract). The prices of the production-increasing type and the enhanced type grinding aid products are settled on the basis of the price of the composite type grinding aids products, with upward and downward adjustment of 3%. In addition, in order to protect the rights and interests of the Parties, during the validity period of the Contract, both Parties will adjust the purchase price quarterly according to the market price fluctuations (if there are major changes) of the key raw materials for the production of grinding aids.


ę S&P Capital IQ 2021
All news about ANHUI CONCH CEMENT COMPANY LIMITED
11/30China’s Cement Prices to Fall Further as Producers Slash Costs Since October
MT
11/08Anhui Conch Cement Company Limited Appoints Zhou Xiaochuan as an Executive Director
CI
10/28Anhui Conch Cement Company Limited Reports Earnings Results for the Nine Months Ended S..
CI
09/17Anhui Conch Cement Company Limited Announces Board Resignations
CI
09/03ANHUI CONCH CEMENT COMPANY LIMITED(S : 914) dropped from Hang Seng China Enterprises Index
CI
08/31ANHUI CONCH CEMENT : Buying Photovoltaic Power Producer for $68.6 Million; Shares Rise 5%
MT
08/30Anhui Conch Cement Company Limited agreed to acquire Conch New Energy for approximately..
CI
08/27Anhui Conch Cement Company Limited Reports Earnings Results for the Half Year Ended Jun..
CI
06/08Anhui Conch Cement Company Limited Approves Final Dividend of A and H shares for the Ye..
CI
06/01ANHUI CONCH CEMENT COMPANY LIMITED : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2021 185 B 28 972 M 28 972 M
Net income 2021 33 789 M 5 305 M 5 305 M
Net cash 2021 33 959 M 5 331 M 5 331 M
P/E ratio 2021 4,69x
Yield 2021 6,81%
Capitalization 185 B 29 017 M 29 002 M
EV / Sales 2021 0,82x
EV / Sales 2022 0,68x
Nbr of Employees -
Free-Float 58,4%
Chart ANHUI CONCH CEMENT COMPANY LIMITED
Duration : Period :
Anhui Conch Cement Company Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANHUI CONCH CEMENT COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 29,37 CNY
Average target price 45,50 CNY
Spread / Average Target 54,9%
EPS Revisions
Managers and Directors
Qun Feng Li General Manager & Executive Director
Guo Ming Li Chief Financial Officer
Xiao Ming Wu Chairman-Supervisory Board
Cheng Wang Chairman
Tat Kwong Leung Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
ANHUI CONCH CEMENT COMPANY LIMITED-25.95%29 017
HOLCIM LTD-8.58%29 490
JAMES HARDIE INDUSTRIES PLC41.97%17 582
XINJIANG TIANSHAN CEMENT CO., LTD.-11.66%17 420
SHREE CEMENT LIMITED8.70%12 536
DANGOTE CEMENT PLC14.33%11 592