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. China Conch Venture Holdings Limited
  6. News
  7. Summary
    586   KYG2116J1085

CHINA CONCH VENTURE HOLDINGS LIMITED

(586)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

VOLUNTARY ANNOUNCEMENT IN RELATION TO THE PUBLICATION OF THE 2021 THIRD QUARTERLY REPORT BY ANHUI CONCH CEMENT COMPANY LIMITED

10/28/2021 | 09:13am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Conch Venture Holdings Limited

中 國 海 螺 創 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 586)

VOLUNTARY ANNOUNCEMENT IN RELATION TO

THE PUBLICATION OF THE 2021 THIRD QUARTERLY REPORT

BY ANHUI CONCH CEMENT COMPANY LIMITED

This announcement is made by China Conch Venture Holdings Limited (''Company'', which together with its subsidiaries are collectively referred to as the ''Group'') on a voluntary basis.

As at the date of this announcement, the Group is indirectly interested in 49% equity interest in 海螺團有限責任公 (Anhui Conch Holdings Co. Ltd.*, ''Conch Holdings''), which in turn is interested in approximately 36.40% equity interest in Anhui Conch Cement Company Limited (''Conch Cement'', Hong Kong Stock Exchange stock code: 00914, Shanghai Stock Exchange stock code: 600585). As disclosed in the Company's annual report previously published for the year ended 31 December 2020 (''FY2020'') and its interim report for the six months ended 30 June 2021 (''1H2021''), the Group derived a substantial portion of its profit for FY2020 and 1H2021 from its equity interests in Conch Holdings, an associate of the Company. During such periods, the share of profit of Conch Holdings accounted for 82.1% and 77.2% of the Group's profit, respectively.

Having taken into account the above factors, the board (''Board'') of directors (''Directors'') of the Company wishes to inform the shareholders of the Company that on 28 October 2021 Conch Cement published its 2021 third quarterly report (''Cement 3Q2021 Report'') containing its unaudited quarterly results for the nine months ended 30 September 2021 (''3Q2021''). For further details, shareholders of the Company and potential investors are requested to refer to the Cement 3Q2021 Report.

For and on behalf of the Board

China Conch Venture Holdings Limited

GUO Jingbin

Chairman

Anhui Province, the People's Republic of China

28 October 2021

- 1 -

As at the date of this announcement, the Board comprises Mr. JI Qinying (Chief Executive Officer), Mr. LI Jian and Mr. LI Daming as executive Directors; Mr. GUO Jingbin (Chairman), Mr. CHANG Zhangli and Mr. SHU Mao as non-executive Directors; and Mr. CHAN Chi On (alias Derek CHAN), Mr. CHAN Kai Wing and Mr. LAU Chi Wah, Alex as independent non-executive Directors.

* English translation or transliteration of Chinese name for identification purpose only

- 2 -

Disclaimer

China Conch Venture Holdings Ltd. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 13:12:03 UTC.


ę Publicnow 2021
All news about CHINA CONCH VENTURE HOLDINGS LIMITED
01/16China Conch, Sunway Setting Up Battery Material Production Joint Venture
MT
01/16VOLUNTARY ANNOUNCEMENT : Entering into an investment agreement in respect of a new energy ..
PU
2021Monthly Return of Equity Issuer on Movements in Securities
PU
2021List of directors and their roles and functions
PU
2021Change of non-executive director and changes in the composition of board committees
PU
2021China Conch Venture Holdings Limited Change of Non-Executive Director and Composition o..
CI
2021Voluntary announcement in relation to the publication of the 2021 third quarterly repor..
PU
2021CHINA CONCH VENTURE : Voluntary announcement in relation to the publication of announcemen..
PU
2021CHINA CONCH VENTURE : Appointment of joint company secretaries and waiver from strict comp..
PU
2021China Conch Venture Holdings Limited Announces Executive Appointments
CI
More news
Financials
Sales 2021 9 611 M 1 512 M 1 512 M
Net income 2021 8 430 M 1 326 M 1 326 M
Net Debt 2021 9 376 M 1 475 M 1 475 M
P/E ratio 2021 6,66x
Yield 2021 2,20%
Capitalization 56 045 M 8 870 M 8 815 M
EV / Sales 2021 6,81x
EV / Sales 2022 5,87x
Nbr of Employees 6 271
Free-Float 86,9%
Chart CHINA CONCH VENTURE HOLDINGS LIMITED
Duration : Period :
China Conch Venture Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CHINA CONCH VENTURE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 30,68 CNY
Average target price 36,66 CNY
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Qin Ying Ji Chief Executive Officer & Executive Director
Jing Bin Guo Chairman
Chi On Chan Independent Non-Executive Director
Kai Wing Chan Independent Non-Executive Director
Chi Wah Lau Independent Non-Executive Director