2c19c37e-1df9-432b-a577-0cb04938fb8f.pdf


Anhui Conch Cement Company Limited

(H Share: 00914, A Share: 600585)


2015 Annual Report


Important


  1. The Board, Supervisory Committee and Directors, Supervisors and the senior management of the Company warrant that the information in this report, for which they jointly and severally accept legal liability, is truthful, accurate and complete, and does not contain any misrepresentation, misleading statements or material omission.


  2. Mr. Zhao Jianguang, the independent non-executive Director of the Company did not attend the seventh meeting of the sixth session of the Board of the Company, and Mr. Wong Kun Kau, the independent non-executive Director of the Company, was appointed and authorised to attend and vote on his behalf.


  3. KPMG and KPMG Huazhen LLP issued a standard unqualified audit report for the Company.


  4. Mr. Wang Jianchao, deputy Chairman, Mr. Zhou Bo, chief accountant and Ms. Liu Yan, the person-in-charge of the Financial Department, have declared that they warrant the financial statements contained herein are true, accurate and complete.


    Important

  5. As considered by the seventh meeting of the sixth session of the Board of the Company, the annual profit distribution proposal for 2015 is: a cash dividend of RMB0.43 per share (tax inclusive). No capitalization of common reserve fund was made.


  6. Declaration of risks with respect to the forward-looking statements: the Company's plans for 2016 concerning its capital expenditure, production capacity and net sales growth as disclosed herein do not constitute any substantive commitment to investors. Investors and the public are advised to be cautious of any investment risks.


  7. There was no appropriation of the Company's funds for non-operating purpose by the controlling shareholders of the Company and its related parties.


  8. There was no external guarantee in violation of the established decision-making procedures.


  9. Material risk alert: risks related to the policies and fluctuation of energy price that the Company may be exposed to in 2016 have been disclosed in the Chapter 5 herein. Investors are reminded to read it carefully.


    Anhui Conch Cement Company Limited 1


    Contents


    1. Definitions 3

    2. Corporate Profile and Major Financial Indicators 7

    3. Business Overview of the Company 14

    4. Report of the Directors 18

    5. Management Discussion and Analysis 30

    6. Significant Events 44

    7. Changes in Shares and Shareholders 58

    8. Directors, Supervisors, Senior Management and Staff 68

      Contents

    9. Corporate Governance 85

    10. Information on Corporate Bonds 98

    11. Independent Auditor's Report 105

    12. Financial Statements Prepared in accordance with

      International Financial Reporting Standards 107

    13. Documents for Inspection 255

    14. Written Confirmation of the Directors and Members

    15. of the Senior Management on the Annual Report of 2015 256


      2 Annual Report 2015


      1. Definitions


      The following terms and expressions contained in this report shall, unless the context otherwise requires, have the meanings assigned to them as follows:


      The Company/Conch Cement : Anhui Conch Cement Co., Ltd. The Group : the Company and its subsidiaries

      Board : the Board of Directors of the Company


      Director(s) : the Director(s) of the Company Supervisory Committee : the supervisory committee of the Company Supervisor(s) : the supervisor(s) of the Company

      Definitions

      Baimashan Cement Plant : Baimashan Cement Plant of Anhui Conch Cement Co., Ltd. Guiding Conch : Guiding Conch Panjiang Cement Co., Ltd.

      Guiyang Conch : Guiyang Conch Panjiang Cement Co., Ltd.


      Lushan Conch : Jiangxi Lushan Conch Cement Co., Ltd.


      Liukuangruian : Guizhou Liukuangruian Cement Co., Ltd.


      Qianxian Conch : Qianxian Conch Cement Co., Ltd.


      Ningguo Cement Plant : Ningguo Cement Plant of Anhui Conch Cement Co., Ltd. Tongling Conch : Anhui Tongling Conch Cement Co., Ltd.

      Tongren Conch : Tongren Conch Panjiang Cement Co., Ltd.


      Wuhu Conch : Wuhu Conch Cement Co., Ltd.


      Yiyang Conch : Yiyang Conch Cement Co., Ltd.


      Anhui Conch Cement Company Limited 3

    Anhui Conch Cement Company Ltd. issued this content on 14 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 April 2016 10:01:49 UTC

    Original Document: http://english.conch.cn/dt2111111237.asp?docid=2111331232