Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CBUMF.PK - Net Debt Ratio Of China National Building Material Hits 434 Percent

|Includes:ACH, China National Buildings Material (CBUMF), HNP, HUNGF

 

Prepared by ChinaScope Financial | Source: Tencent Finance
  • Data shows that China National Building Material Co., Ltd. (03323: HKG), Huaneng Power International Inc. (00902: HKG; 600011: SHA), and Aluminum Corp. Of China Ltd. (02600: HKG; 601600: SHA) record net debt ratios of 434 percent, 279 percent, and 218 percent, respectively - the highest among other Hong Kong listed firms.
  • Due to the fierce competition in the cement industry, China National Building Material chose to expand business scale through acquisitions funded by loans, thus increasing debts.
  • As of the end of 2012, net financing cost of China National Building Material had reached CNY 6.5 billion, up 67 percent year-on-year.
Stocks: CBUMF, HNP, HUNGF, ACH