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Overview

China Resources Cement Holdings Limited (CR Cement) was incorporated in 2003 and is a Hong Kong listed company (stock code: 1313.HK) under the state-owned China Resources Group. The Company is a large-scale and competitive supplier of cement, clinker and concrete in Southern China, and is ranked fourth in the "2022 Comprehensive Strength Ranking of China Cement Listed Companies" by the China Cement Association. CR Cement is included in 5 indices including the Hang Seng Composite Index, the Hang Seng China-Affiliated Corporations Index, the Hang Seng China High Dividend Yield Index, the Hang Seng Composite Industry Index (Properties & Construction) and the Hang Seng Composite MidCap Index.


CR Cement focuses on business domains such as basic building materials (cement & aggregates), structural building materials (concrete, prefabricated construction & components), functional building materials (engineered stone, tile adhesive & white cement) and new materials (calcium-based, silicon-based, basalt & their products) and mainly covers regions including Guangdong, Guangxi, Fujian, Hainan, Yunnan, Guizhou, Shanxi, Inner Mongolia, Hong Kong, Hunan, Hubei and Shandong. The Company fully leveraged the positive synergies between different businesses, continuously optimize the industrial chain layout, promote the corporate transformation and innovation, and advance the high-quality and sustainable development of the industry.


CR Cement uses "Runfeng" as the national unified product brand for basic building materials and structural building materials businesses. As of the end of June 2022, through subsidiaries and equity interests of certain associates and joint ventures, the annual production capacities of clinker, cement and concrete were 73.4 million tons, 106 million tons and 42.5 million m3 respectively. Upon completion of construction of all projects, the annual production capacity of aggregates is expected to exceed 128 million tons, and the design annual production capacity of prefabricated construction is expected to reach approximately 1.6 million m3.


"Runpin" is used as the unified product brand for functional building materials business, which is mainly applied on engineered stone and tile adhesive businesses. In 2022, CR Cement has accelerated the development of engineered stone. After the completion of construction of all projects, the annual production capacity of engineered stone will reach 26.1 million m2.


CR Cement persistently strengthens the research, development and application of new products, new materials and new technologies, and proactively promotes digital and intelligent construction so as to establish a benchmark for intelligent manufacturing and propel the intelligent upgrading of factories while comprehensively improving the operation management.  


CR Cement places strong emphasis on corporate social responsibility and actively promotes production safety, energy saving and emission reduction, as well as carbon emissions management. The Company also launches projects of co-processing municipal solid waste, urban sludge and hazardous industrial waste by use of cement kilns. All cement production plants of the Company are equipped with residual heat recovery generators to reduce energy consumption, and the emission concentrations of nitrogen oxides, particulate matters and sulphur dioxide are better than the national standard limits of pollutant emissions. 


In terms of clean energy, the Company actively promotes the construction of projects for distributed photovoltaic power generation. The Compan's projects located at the cement production plants in Fuchuan of Guangxi and Luoding of Guangdong had commenced construction in the first half of 2022, with planned annual power generation capacities of approximately 4.3 million kilowatt-hours and 12.0 million kilowatt-hours respectively. The Company also formulated the "Strategic Plan for Control of Carbon Emissions" to continuously promote the launch of carbon emissions control and help to promote the green, low-carbon and sustainable corporate development of the Company.


HK$ 43,962.7 Million
Turnover
19,491
Total Employees
RMB 51.958 Billion
"Runfeng Cement" Brand Value



HK$ million20212020201920182017
Turnover43,962.740,086.938,955.638,791.529,958.4
EBITDA12,367.513,606.514,040.513,729.77,433.3
Profit for the year7,724.69,029.68,694.48,006.73,592.6
Profit attributable to owners of the Company7,764.48,959.98,617.57,975.43,616.7
Basic earnings per share1.1121.2831.2341.1790.554



As of December 31th20212020201920182017
Total assets79,149.268,532.561,170.960,506.456,526.6
Equity attributable to owners of the Company54,856.049,626.841,979.737,691.330,309.0
Non-controlling interests785.3397.0286.5203.9173.5
Gearing ratio (note 1)19.0%13.8%18.9%33.2%56.6%
Net assets per share – book (HK$) (note 2)7.867.116.015.404.64
Notes:
1. Gearing ratio is calculated by dividing the total bank borrowings and unsecured medium term notes by equity attributable to owners of the Company.
2. Net assets per share – book is calculated by dividing equity attributable to owners of the Company by the number of issued shares at the end of the year.