智通财经网·2025-10-23 03:31Core Viewpoint - Huanxin Cement's stock has declined over 6%, but it has still seen a cumulative increase of over 110% this year, indicating strong performance despite recent volatility [1] Financial Performance - Huanxin Cement plans to hold a board meeting on October 24 to approve quarterly results [1] - The expected comprehensive gross profit per ton of cement for July-August is around 100 CNY, compared to 72 CNY in the same period last year [1] - Overall overseas cement profitability remains strong, with significant recovery in previously weak regions like Central Asia [1] Market Expectations - Market consensus anticipates operating profits of 2.7 billion CNY and 3.7 billion CNY for 2025-2026, corresponding to PE ratios of 12x and 9x respectively [1] - For 2026, overseas earnings are expected to contribute 2-2.5 billion CNY in profit, with a hypothetical PE of 15x for overseas segments and 10x for domestic segments [1] - The potential market capitalization could reach 50 billion CNY if domestic competition decreases effectively, indicating room for profit adjustments [1] Strategic Outlook - Following the unexpected consolidation of Nigerian assets, Huanxin has plans for independent listings of overseas assets, which could enhance valuation and accelerate future overseas acquisitions [1]