Epic : WCC

Last Results : http://www.investegate.co.uk/Article.aspx?id=200703270701277583T


The Company, which is headquartered in Xi'an the provincial capital of Shaanxi Province, operates three cement production plants in Pucheng, the first of which has been operational since 1977 and now have a combined production capacity of 1.5 million tonnes per annum. Two new lines are coming on line soon which will boost output by an additional 2 million tones. Some of this additional output will be seen in 2007 financial year, the rest in 2008 financial year.

The PRC Government is actively promoting the restructuring of the Chinese cement industry with a shift away from small-scale producers towards large, modern environmentally friendly production plants. This will benefit WCC are the smaller and more polluting plants are shut down and production at larger more efficient plans is ramped up, eg WCC.


Activities

The Group manufactures three types of cement, as well as clinker, a cement compound:

* Ordinary Portland Cement is a mixture of clinker, mineral admixtures (accounting for 6 to 15 per cent.) and gypsum, which is widely used in industrial and civil construction projects

* Flyash Portland Cement is a mixture of clinker, flyash and gypsum. The content of flyash by weight ranges from 20 per cent. to 40 per cent.depending on its intended use

* Composite Portland Cement is a mixture of clinker, at least two kinds of prescribed mineral admixtures and gypsum, which is widely used in industrial and civil construction projects

* Clinker is the base of the above mentioned products, the principal raw material of which is limestone. The Group does not intend to sell clinker as a separate product in the future

West China Cement warns FY to be slightly below mkt views; H1 pretax up 72 pct
AFX


LONDON (Thomson Financial) - West China Cement Ltd said it expects its full-year results to be slightly below current market expectations even as it posted a higher pretax profit for the six months ended June 30.

The company said its outlook for the full year remains 'robust' but added that current trading has been hit by severe rains which disrupted the supply of limestone to the Lantian plants, causing temporary production delays.

In the first half, pretax profit rose 72 pct to 56 mln rmb, from 32 mln rmb in the previous year, while turnover grew 46 pct to 201 mln rmb.

my post of 13th june, though even less reason to buy now!

110p will be a fair value for WCC now...plenty of other better bets to choose from.

130p now

whoops! ..... did i forget to voice great caution when dealing with the chinese? ..... very remiss of me!

The Chinese are very cunning nowadays since they have been bitten once, twice shy from the past.

the chinese have been bitten? ..... more likely the dumb gweilos

What I meant was dated back to historical opium war when the Chinese were duped literally into letting the gweilos into China and siphoning their wealth and culture, cynic.

113.5p now...how come the China Olympics is not boosting this company???

perhaps because the chinese are crooked by occidental standards and the markets are just waking up to that fact

122p today...maybe this is the turning point for another huge spike towards 200p

big spike to puncture balloon!

Hahahaha...so funny, cynic...you got a great sense of humour

and i make fun of myself too

Despite the recent profits, WCC has not even budge...looks like the Chinese are keeping the money to themselves...SELL.

about time someone started to agree with me!

Shareholders don't get any benefit from below, it is a tragedy, cynic.


West China Cement Limited
31 March 2008

Full Year 2007 Preliminary Results

Strongest results to date lay foundations for significant future growth

31 March 2008: West China Cement (WCC), the producer and distributor of cement based in the western Chinese province of Shaanxi, whose shares are quoted on the London Stock Exchange's AIM market, today announced its preliminary results for the year ended 31 December 2007.

Key financial highlights

Revenues increased to Rmb 526 million (37.6 million) from Rmb 307
million (21.9 million) - up 71 per cent

Record post-tax profit of Rmb 150 million (10.7 million), a 69 per
cent increase over 2006

matter of opinion ..... my view of chinese-run companies is no secret

96p now despite above results...SELL WCC!

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