Loading…
Sichuan cement producer (Shuangma brand) that also holds a broader investment portfolio beyond its core business.
Sichuan cement producer (Shuangma brand) that also holds a broader investment portfolio beyond its core business.
Cement is heavy and costly to ship, so profit depends on prices in Sichuan and neighbouring southwest provinces, where local competition and construction demand set the level; coal and power are the largest costs. Its holdings in other businesses sit alongside cement.
Moat: none (scale). Regional commodity cement producer; competitive position depends on local scale/logistics.
Headquarters: Chengdu, Sichuan, China · Employees: 1,028
Size Sichuan Hexie Shuangma (000935.SZ) is a China Materials company (Construction Materials) with a market value of $1.98B, the 1279th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.28 on 6 Nov 2026.
Performance Over six months the shares fell 35.3%, against -19.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue fell 13.6% over the last twelve months (peer median +0.6%); the operating margin is 14.9% (peer median 8.4%).
Valuation It trades at 1.74× book value against a peer median of 1.00× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 18.4%; Sichuan Hexie Shuangma delivers -3.1%, so the price asks more than the business earns today.
Next results Next results expected around 26 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.08B | CN¥1.20B | CN¥1.07B | CN¥1.21B | CN¥1.21B |
| Revenue growth | — | +12% | -11% | 0% | — |
| Gross profit | CN¥522M | CN¥434M | CN¥474M | CN¥598M | CN¥491M |
| EBITDA | n/a | CN¥316M | CN¥426M | CN¥541M | CN¥402M |
| Net income | -CN¥238M | CN¥298M | CN¥309M | CN¥985M | CN¥825M |
| Free cash flow | -CN¥120M | CN¥312M | CN¥418M | CN¥331M | CN¥355M |
| Capital expenditure | CN¥176M | CN¥65.3M | CN¥58.0M | CN¥25.3M | CN¥67.6M |
| Total debt | CN¥1.60B | CN¥1.21B | CN¥784M | CN¥107M | CN¥190M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Sichuan Hexie Shuangma 000935.SZ | $1.98B | -35% | -14% | -3% | 1.74× | 18.4% |
| Gansu Shangfeng Materials 000672.SZ | $1.88B | -6% | -23% | 33% | 1.08× | 10.6% |
| Anhui Conch Cement 600585.SS | $13.9B | -12% | -8% | 2% | 0.51× | 3.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000935.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.7% | +0.9% | 7th lowest of 21 |
| 6-month return | -35.3% | -19.7% | 4th lowest of 20 |
| Return on equity | -3.1% | 5.5% | 6th lowest of 21 |
| Price / book | 1.74× | 1.00× | 6th most expensive of 21 |
| ROE the price implies | 18.4% | 9.1% | 5th most demanding of 21 |
| ROE delivered | -3.1% | 5.5% | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Sichuan Hexie Shuangma 000935.SZ | China | $1.98B | -35% | -14% | -3% | 1.74× | 18.4% | -3.1% |
| SigmaRoc SRC.L | United Kingdom | $1.95B | +14% | +4% | 11% | 1.71× | 22.8% | 11.1% |
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 38% | 2.70× | 36.3% | 38.0% |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 17% | 1.91× | 16.5% | 17.4% |
| Gansu Shangfeng Materials 000672.SZ | China | $1.88B | -6% | -23% | 33% | 1.08× | 10.6% | 33.2% |
| BBMG 2009.HK | Hong Kong | $1.87B | -20% | -22% | -9% | 0.16× | 3.9% | -8.7% |
| CCCC Design And Consulting 600720.SS | China | $1.73B | -24% | -10% | 7% | 0.72× | 4.8% | 7.2% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | -15% | 0.81× | 8.6% | -14.9% |
| Breedon BREE.L | United Kingdom | $1.60B | +17% | +8% | 7% | 0.96× | 12.4% | 6.9% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 15% | 1.65× | 7.4% | 14.7% |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 11% | 1.24× | 11.7% | 10.8% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | 0% | 1.05× | 9.7% | -0.4% |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | -6% | 0.20× | 4.6% | -6.0% |
| Fsilon Furnishing and Construction Materials 605318.SS | China | $1.36B | -29% | -15% | -4% | 14.64× | 100.7% | -3.9% |
| BBMG Jidong Cement 000401.SZ | China | $1.35B | -21% | -8% | -5% | 0.35× | 3.1% | -4.8% |
| Guangdong Tapai 002233.SZ | China | $1.34B | -10% | -11% | 3% | 0.77× | 4.8% | 2.6% |
| West China Cement 2233.HK | Hong Kong | $1.30B | -29% | -10% | 4% | 0.71× | 8.2% | 4.1% |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 4% | 0.68× | 6.6% | 4.1% |
| Caltagirone CALT.MI | Italy | $1.26B | +1% | +10% | 7% | 0.45× | 5.9% | 7.5% |
| Shandong Fiberglass 605006.SS | China | $1.25B | +10% | +31% | 2% | 2.56× | 26.0% | 1.6% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 8% | 1.83× | 11.3% | 8.0% |