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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • CBUMF.PK - Net Debt Ratio Of China National Building Material Hits 434 Percent 0 comments
    Apr 15, 2013 11:17 PM | about stocks: CBUMF, HNP, HUNGF, ACH


    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
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