The company operates advanced new dry-process cement technology with high output and low energy consumption, supported by abundant high-quality limestone resources in East China and South China for producing high-quality low-alkali cement. Conch has over 160 subsidiaries across 18 provinces and autonomous regions in China, plus operations in Indonesia, Myanmar, Laos, Cambodia and other Belt and Road Initiative countries.
Cyborg Score Rationale
With a market cap of $15.3B and trailing 12-month revenue of $11.7B as of September 2025, the company maintains substantial scale and profitability. However, 2024 revenue declined to $12.64B from $19.90B in 2023, indicating significant market headwinds in the cement sector.
Top Insights
Second-largest cement manufacturer in China with 400+ million metric tons annual capacity
Revenue declined 37% year-over-year from 2023 to 2024, reflecting challenging cement market conditions
Pursuing green development aligned with China's dual carbon goals, targeting 6% emissions intensity reduction by 2025
Leading Conch brand cement used in landmark projects including Beijing-Shanghai high-speed railway, Hangzhou Bay Cross-sea bridge, and nuclear power stations
Named Competitors
China National Building Material (CNBM) — Major state-owned cement and building materials producer
Jiangxi Wannian青水泥 — Regional Chinese cement manufacturer
Huaxin Cement — Leading regional cement producer in Central China
Recent Developments
(February 2026) Dividend payment of $0.67 per share announced for 2024
(2024) Listed among Forbes Global 2000 companies and ranked #299 on World Benchmarking Alliance Nature Benchmark
(2024) Emission reduction initiatives targeting 6% intensity reduction by 2025 compared to 2020 baseline
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