The China Cement Association has recently released the 2014 comprehensive strength ranking of Chinese cement listed companies. Conch Cement, China National Building Material, and China Resources Cement Holdings became the top three in the industry.
The list shows that Conch Cement achieved a comprehensive score of 239.97, ranking first in the industry; China National Building Material followed closely with a score of 219.19. China Resources Cement Holdings scored 72.72, ranking third. In addition, Jidong Cement, Sinoma, Shanshui Cement, Huaxin Cement, Taiwan Cement International Group, BBMG Corporation, and China Tianrui Cement were also among the top ten.
According to the announcement by the China Cement Association, this evaluation was conducted on the basis of independent listed companies, including A-share and B-share listed companies on the Shanghai Stock Exchange or Shenzhen Stock Exchange and H-share listed companies on the Hong Kong Stock Exchange that have an annual cement clinker production capacity of 3 million tons or more in mainland China, or whose main cement business refers to the production and operation of cement, cement clinker, concrete and products, sand and gravel aggregates, etc., with revenue accounting for more than 25% of the company's total operating revenue.
The evaluation indicators include: cement sales volume (total sales of cement and clinker), total profit (pre-tax profit), assets (total assets of the listed company), and market value (for companies with multiple types of listed shares, total market value is used). The specific weights are 50% for cement sales volume, 20% for total profit, 10% for assets, and 20% for market value.
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