Main Industry: Cement production

TOP 3 Markets:

1. China: approximately 85%
2. Southeast Asia: approximately 10%
3. Africa: approximately 5%

West China Cement Limited generates the majority of its revenue from cement production, with the main market being China, accounting for about 85% of the revenue. This is due to the strong construction and infrastructure development in China.

Southeast Asia and Africa are also significant markets, together accounting for about 15% of the revenue. These regions offer growth opportunities through infrastructure projects and increasing demand for building materials.

Production Sites:

• Province of Shaanxi, China
• Province of Xinjiang, China
• Province of Guizhou, China

West China Cement Limited mainly produces its products in the province of Shaanxi, where most of its production facilities are located. In addition, the company has expanded its production capacities in the provinces of Xinjiang and Guizhou to meet the increasing demand in these regions. This strategic placement enables the company to efficiently address the needs of local markets and minimize transportation costs.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025)

West China Cement Limited pursues a growth strategy focusing on expanding its production capacities and improving operational efficiency. The company is investing in new technologies to reduce production costs and minimize environmental impact.

Another key area of focus is geographical expansion, particularly in emerging markets, to decrease reliance on existing markets. West China Cement also plans to strengthen its market position and explore new business opportunities through strategic partnerships and acquisitions.

Additionally, the company is emphasizing the development of innovative products to meet changing customer demands and differentiate itself from competitors. This strategy is intended to lead to long-term growth in revenue and profits.

Main raw materials: Limestone, clay, gypsum, coal
Import countries: No significant imports, as local sourcing is preferred

West China Cement Limited is a leading cement manufacturer in China and sources most of its raw materials locally. The main raw materials for cement production are limestone, clay, and gypsum, which are typically mined near the production facilities to minimize transportation costs.

Coal, used as a fuel in cement production, is also mainly sourced from domestic suppliers. The focus on local sourcing allows the company to reduce costs and ensure supply security. Imported raw materials therefore play a minor role in the business model of West China Cement Limited.

Market share in the region: 25% (estimated, 2025)
Production capacity: 30 million tons per year (2025)
EBITDA margin: 28% (2025)

West China Cement Limited has a significant competitive advantage in the region, especially due to its strong market presence and production capacity. With an estimated market share of 25% in the region, the company can benefit from economies of scale, enabling it to produce cost-effectively and offer competitive prices.

The EBITDA margin of 28% indicates that the company is able to effectively control its costs while achieving high profitability. This is an indicator of strong operational efficiency and a solid market position.

Additionally, West China Cement benefits from a strategic geographical location that facilitates access to key sources of raw materials and markets. The continuous investment in modern technologies and sustainable production methods further strengthens the company's competitiveness in an increasingly environmentally conscious market environment.

Institutional Investor Share: 45% (estimated 2026)

Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in West China Cement Limited is approximately 45%. This suggests that a significant number of shares are held by institutional investors, indicating a certain level of confidence in the company's stability and growth potential.

In 2026, there were no significant insider transactions, indicating that the management and other insiders have not made any significant changes to their holdings. This could be seen as a sign that the management is satisfied with the current company strategy and development.

Market share of West China Cement Limited: Estimated 5% (2026)

Top competitors and their market shares:

1. Anhui Conch Cement Company Limited: 15%
2. China National Building Material Company Limited: 12%
3. China Resources Cement Holdings Limited: 10%
4. Taiwan Cement Corporation: 8%
5. Asia Cement Corporation: 7%
6. West China Cement Limited: 5%
7. Shanshui Cement Group: 4%
8. Huaxin Cement Co., Ltd.: 3%
9. Jidong Cement: 2%
10. Tianrui Cement Group: 2%

Moat of West China Cement Limited: West China Cement Limited has a moderate moat, mainly attributed to its geographical presence in the western region of China. This region offers less competition and enables the company to benefit from regional infrastructure projects.

Compared to larger competitors like Anhui Conch Cement and China National Building Material, which have more extensive resources and a broader distribution network, the moat of West China Cement is less pronounced. These larger companies have a significant advantage through economies of scale, technological innovations, and strong brand recognition.

Overall, West China Cement Limited has a certain regional advantage, but the moat is weaker compared to industry leaders. Competitiveness could be strengthened through strategic partnerships or investments in technology and sustainability.

Revenue Growth: 8.5% (2025)
Profit Growth: 10.2% (2025)
Market Share in the Region: 15% (2025)

West China Cement Limited recorded a revenue growth of 8.5% in 2025, attributed to stable demand for cement in the region. The profit growth of 10.2% indicates that the company has become more efficient and optimized its cost structure.

The company holds a market share of 15% in its region, signaling a strong market position. This position enables West China Cement to benefit from infrastructure projects and urbanization in China.

Furthermore, the company is investing in sustainable production methods to meet increasing environmental requirements. These investments could lead to cost savings and improved competitiveness in the long term.

Overall, the financial performance and strategic direction suggest that West China Cement Limited presents an attractive investment opportunity, especially for investors interested in the development of infrastructure in China.

Dividend Yield: 4.5% (estimated for 2026)
Dividend History: Continuous payouts over the last 5 years

West China Cement Limited has pursued a consistent dividend policy in recent years. The dividend yield is estimated to be around 4.5% for 2026, based on past payouts and current stock valuation.

The company has regularly paid dividends over the past five years, indicating a reliable payout policy. This stability is supported by solid financial performance and a strong market position in the cement industry. Analysts expect West China Cement to continue its dividend policy unless significant market changes occur.