Anhui Conch Cement Co Ltd Class A

600585: XSHG (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	¥55.10	Hxjspc	Cwqgkdkn

Anhui Conch Cement Earnings: Disappointing Results but Gradual Recovery Expected; Shares Undervalued

Chokwai Lee , Yurou Zheng

Aug 22, 2023

Anhui Conch Cement’s first-half net profit of CNY 6.8 billion is disappointing, falling 32% year on year. The miss is due to lower average selling prices and weak cement demand. That said, we think Conch still outperformed the industry given that some of its peers delivered a sharper drop in earnings.

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