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Major Chinese cement producer, formerly part-owned by Lafarge Holcim, with growing overseas cement operations.
Major Chinese cement producer, formerly part-owned by Lafarge Holcim, with growing overseas cement operations.
Sells cement and aggregates, with income depending on local cement prices and demand, which in China has weakened, while overseas plants in Africa, Nepal and Central Asia face less overbuilt markets. It is based in Hubei and builds those plants where cement is scarce.
In one line: A Chinese cement peer with an international footprint, similar to a mid-sized Holcim regio.
Moat: narrow (scale, cost advantage). Regional cement capacity plus overseas expansion diversify beyond the crowded domestic market.
Headquarters: Wuhan, China · Founded: 1907 · Employees: 21,889
Size Huaxin Building Materials (6655.HK) is a Hong Kong Materials company (Construction Materials) with a market value of $6.91B, the 215th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.69 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against +4.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +0.6%); the operating margin is 17.7% (peer median 10.9%).
Valuation It trades at 8.1× forward earnings against a peer median of 15.4× (2nd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points above its cost of capital (7.6% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$45.4B | HK$38.1B | HK$36.9B | HK$37.1B | HK$35.3B |
| Revenue growth | — | +3% | -1% | +5% | — |
| Gross profit | HK$17.4B | HK$10.9B | HK$8.62B | HK$9.38B | HK$8.82B |
| EBITDA | n/a | HK$10.0B | HK$8.54B | HK$9.17B | HK$8.20B |
| Net income | HK$4.18B | HK$3.09B | HK$2.62B | HK$3.05B | HK$3.14B |
| Free cash flow | HK$6.61B | HK$4.45B | HK$1.62B | HK$1.56B | -HK$3.63B |
| Capital expenditure | HK$2.95B | HK$2.84B | HK$4.92B | HK$5.36B | HK$8.98B |
| Total debt | HK$31.2B | HK$29.8B | HK$23.2B | HK$25.1B | HK$23.8B |
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 | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Huaxin Building Materials 6655.HK | $6.91B | +9% | +22% | 18% | 8.1× | -7.8% |
| Anhui Conch Cement 0914.HK | $13.9B | -11% | -7% | 8% | 16.0× | 1.0% |
| Holcim HOLN.SW | $48.4B | -3% | -26% | 16% | 19.5× | 1.4% |
| China National Building Material 3323.HK | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% |
| China Resources Building Materials Technology 1313.HK | $873M | -31% | -12% | -3% | n/a | -8.1% |
| West China Cement 2233.HK | $1.30B | -29% | -10% | 15% | 11.1× | n/a |
| Heidelberg Materials HEI.DE | $34.3B | -5% | 0% | 15% | 13.5× | 4.9% |
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 | 6655.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.4% | +9.5% | highest of 21 |
| 6-month return | +8.8% | +4.6% | 7th highest of 20 |
| Distance from 52-week high | -12.4% | -20.2% | 7th highest of 21 |
| Revenue growth (TTM) | +21.6% | +0.6% | 2nd highest of 21 |
| Operating margin | 17.7% | 10.9% | 4th highest of 21 |
| Forward P/E | 8.1× | 15.4× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.8% | 4.8% | least demanding of 19 |
| Growth delivered (Del g) | +3.0% | +6.3% | 8th lowest of 19 |
| Hurdle (Req g minus delivered) | -10.8 pp | +1.0 pp | 3rd least demanding of 19 |
| ROIC minus cost of capital | +5.5 pp | -1.7 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Huaxin Building Materials 6655.HK | Hong Kong | $6.91B | +9% | +22% | 18% | 8.1× | -7.8% | +3.0% |
| ROCKWOOL A/S ROCK-A.CO | Denmark | $6.72B | +11% | -1% | 13% | 16.2× | -4.8% | +8.3% |
| TCC 1101.TW | Taiwan | $6.09B | +11% | -6% | 8% | 29.2× | 9.1% | +7.2% |
| Buzzi BZU.MI | Italy | $8.04B | -9% | +2% | 18% | 9.3× | 2.8% | +7.0% |
| Eagle Materials EXP | United States | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% | +7.3% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| Asia Cement 1102.TW | Taiwan | $3.92B | +5% | -10% | 10% | 11.0× | 5.6% | -1.9% |
| Tianshan Material 000877.SZ | China | $3.47B | -30% | -17% | -13% | n/a | 5.6% | -14.5% |
| Anhui Conch Cement 0914.HK | Hong Kong | $13.9B | -11% | -7% | 8% | 16.0× | 1.0% | -14.7% |
| United States Lime & Minerals USLM | United States | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% | +18.3% |
| Vicat VCT.PA | France | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% | +6.6% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 23.1× | n/a | n/a |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% | +0.8% |
| James Hardie Industries JHX | United States | $16.2B | +33% | +43% | 14% | 21.0× | 26.1% | +10.7% |
| Cemex SAB de CV Sponsored ADR CX | United States | $16.6B | -18% | +10% | 13% | 11.2× | 4.4% | +4.7% |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% | -7.7% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 226.5× | n/a | n/a |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% | -2.3% |