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← CockpitCompetitor Analysis › 601992.SS BBMG Corporation Class AOpen in the cockpit ↗

BBMG Corporation Class A601992.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Construction Materials

Major Beijing state-owned cement and building-materials group, also active in environmental protection and real estate.

Momentum neutral 55
Mkt cap
$1.86B
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$8.16M
20-day average traded
P/B
0.40×
price to book
ROE
-8.5%
delivered
Implied ROE
3.9%
what the price asks
Next earnings
139 days
25 Mar 2027
Close · CNYCN¥1.34
1D-0.7%
1W+3.1%
1M-5.0%
3M-6.9%
6M-19.3%
YTD-19.8%
1Y-24.7%
ATR %2.5%
52w lowhigh43.7% off high

What BBMG does

Major Beijing state-owned cement and building-materials group, also active in environmental protection and real estate.

Earns mainly by selling cement and concrete by volume to construction projects, with Beijing and the surrounding region its home ground, so results depend on local construction activity and on policy limits on production. The Beijing government owns it, and property development is a smaller part.

Products and services

  • Cement
  • New building materials
  • Environmental protection services

Customers

  • Construction/infrastructure contractors in Beijing

Where it sits in the supply chain

  • Materials
  • Construction materials
  • Cement & building materials

What could go right

  • Beijing-Tianjin-Hebei infrastructure investment

What could go wrong

  • Regional real-estate downturn
  • Cement overcapacity

Moat: narrow (scale, regulatory licence). Dominant regional cement/building-materials position around Beijing, backed by state ownership.

Headquarters: Beijing, China · Employees: 42,792

Named competitors

BBMG at a glance

Size BBMG (601992.SS) is a China Materials company (Construction Materials) with a market value of $1.86B, the 1354th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥1.34 on 6 Nov 2026.

Performance Over six months the shares fell 19.3%, against -10.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 20 in its peer set.

Growth Revenue fell 25.3% over the last twelve months (peer median +0.6%); the operating margin is -3.8% (peer median 9.8%).

Valuation It trades at 0.40× book value against a peer median of 1.06× (3rd cheapest of 21).

Price implies The share price implies a return on equity of about 3.9%; BBMG delivers -8.5%, so the price asks more than the business earns today.

Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).

Relative performance

809010011 May 202611 Aug 20266 Nov 2026Peer median 88601992.SS 79
Six months, rebased to 100: BBMG against the median of its 20 peers (local-currency closes).

BBMG financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥77.1BCN¥90.9BCN¥110BCN¥108BCN¥103B
Revenue growth—-18%+3%+5%—
Gross profitCN¥12.2BCN¥10.7BCN¥11.3BCN¥11.8BCN¥15.1B
EBITDAn/aCN¥4.57BCN¥5.43BCN¥5.03BCN¥8.71B
Net income-CN¥3.25B-CN¥1.01B-CN¥555MCN¥25.3MCN¥1.21B
Free cash flowCN¥7.05B-CN¥1.28B-CN¥8.44BCN¥4.26BCN¥8.53B
Capital expenditureCN¥3.54BCN¥2.88BCN¥3.41BCN¥3.28BCN¥5.93B
Total debtCN¥161BCN¥158BCN¥155BCN¥139BCN¥127B

Quarterly statements and history in the cockpit →

BBMG competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-10%0%+10%+20%000672SRC000935600720002192TTAMBREENK6053180004010022332233CEMCALT6005166050063323CPAC5233601992.SS6-month return →1-month return →
Up and to the right = strong over both horizons. BBMG is the large dot.

Fundamentals: return on equity against price-to-book

-10%0%10%20%30%10×20×000672SRC000935600720002192TTAMBREENK6053180004010022332233CMOCEMCALT6005166050063323CPAC601992.SSReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. BBMG is the large dot.

Capital: ROE delivered against the ROE the price implies

0%20%0%20%000672SRC000935600720002192TTAMBREENK6053180004010022332233CMOCALT6005166050063323CPAC601992.SSROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. BBMG is the large dot.

BBMG competitors and peer comparison

Head to head with its named competitors (601992.SS vs 000401.SZ vs 600585.SS)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
BBMG 601992.SS$1.86B-19%-25%-9%0.40×3.9%
BBMG Jidong Cement 000401.SZ$1.35B-21%-8%-5%0.35×3.1%
Anhui Conch Cement 600585.SS$13.9B-12%-8%2%0.51×3.4%

How BBMG compares with its peers

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.

BBMG against its 20 peers (data as of 6 Nov 2026)
Measure601992.SSPeer medianRank in peer set
1-month return-5.0%+0.8%9th lowest of 21
6-month return-19.3%-10.1%10th lowest of 20
Return on equity-8.5%5.5%2nd lowest of 21
Price / book0.40×1.06×3rd cheapest of 21
ROE the price implies3.9%10.1%2nd least demanding of 21
ROE delivered-8.5%5.5%2nd lowest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
BBMG 601992.SSChina$1.86B-19%-25%-9%0.40×3.9%-8.5%
Gansu Shangfeng Materials 000672.SZChina$1.88B-6%-23%33%1.08×10.6%33.2%
SigmaRoc SRC.LUnited Kingdom$1.95B+14%+4%11%1.71×22.8%11.1%
Sichuan Hexie Shuangma 000935.SZChina$1.98B-35%-14%-3%1.74×18.4%-3.1%
CCCC Design And Consulting 600720.SSChina$1.73B-24%-10%7%0.72×4.8%7.2%
YOUNGY 002192.SZChina$2.03B-52%+315%38%2.70×36.3%38.0%
Titan America TTAMUnited States$2.08B-32%+5%17%1.91×16.5%17.4%
Breedon BREE.LUnited Kingdom$1.60B+17%+8%7%0.96×12.4%6.9%
Imerys NK.PAFrance$2.41B+11%-2%-15%0.81×8.6%-14.9%
Fsilon Furnishing and Construction Materials 605318.SSChina$1.36B-29%-15%-4%14.64×100.7%-3.9%
BBMG Jidong Cement 000401.SZChina$1.35B-21%-8%-5%0.35×3.1%-4.8%
Guangdong Tapai 002233.SZChina$1.34B-10%-11%3%0.77×4.8%2.6%
West China Cement 2233.HKHong Kong$1.30B-29%-10%4%0.71×8.2%4.1%
Cementos Molins CMO.MCSpain$2.70Bn/a+14%15%1.65×7.4%14.7%
Cementir CEM.MIItaly$2.70B+5%-2%11%1.24×11.7%10.8%
Caltagirone CALT.MIItaly$1.26B+1%+10%7%0.45×5.9%7.5%
FangDa Carbon New Material 600516.SSChina$2.74B-20%+17%0%1.05×9.7%-0.4%
Shandong Fiberglass 605006.SSChina$1.25B+10%+31%2%2.56×26.0%1.6%
China National Building Material 3323.HKHong Kong$2.76B-51%0%-6%0.20×4.6%-6.0%
Cementos Pacasmayo SAA Sponsored ADR CPACUnited States$1.16B+20%+21%19%2.54×15.2%18.7%
Taiheiyo Cement 5233.TJapan$3.03B+19%+1%4%0.68×6.6%4.1%

Questions

Who are BBMG's main competitors?
Named competitors: Jidong Cement (000401.SZ), Anhui Conch Cement (600585.SS). The cockpit's measured peer set (industry) also includes Gansu Shangfeng Materials (000672.SZ), SigmaRoc (SRC.L), Sichuan Hexie Shuangma (000935.SZ), CCCC Design And Consulting (600720.SS), YOUNGY (002192.SZ), Titan America (TTAM).
Is BBMG expensive compared with its peers?
On price / book it trades at 0.40× against a peer median of 1.06×, 3rd cheapest of 21 in its peer set. The share price implies a return on equity of about 3.9%; BBMG delivers -8.5%, so the price asks more than the business earns today.
How has BBMG stock performed?
Over six months to 6 Nov 2026 the shares returned -19.3% against -10.1% for the median peer; over one year -24.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.