TacticScaleWhat Huaxin Building Materials (华新建材) Does & How It Makes Money (600801.SS)
Updated October 2026 · reflects Huaxin Building Materials's latest reported financials
Chinese cement maker expanding into aggregates, concrete, and waste-to-fuel. It earns most of its revenue by producing and selling cement, aggregates, ready-mixed concrete and other building materials to construction customers in China and abroad.
How Huaxin Building Materials makes money
It earns most of its revenue by producing and selling cement, aggregates, ready-mixed concrete and other building materials to construction customers in China and abroad. Waste pre-processing and fuel conversion, data science R&D and software development add smaller income streams.
What Huaxin Building Materials does
Huaxin Building Materials Group, founded in 1907 and based in Wuhan, is a cement producer that sells in China and internationally. Besides cement, it offers aggregates, ready-mixed concrete, packaging materials and a range of building products, including mortars, bricks, slabs, aerated concrete, environmental protection walls, curtain wall hanging boards and anti-corrosive tiles. The company also runs waste management platforms that pre-process selected waste streams and turn them into fuel, and it does data science R&D and software development. It changed its name from Huaxin Cement Co., Ltd. to Huaxin Building Materials Group in October 2025, which signals a wider building-materials focus.
Products & services
- Cement
- Aggregates
- Ready-mixed concrete
- Mortars and concrete products (bricks, slabs, aerated concrete)
- Environmental protection walls and curtain wall hanging boards
- Waste-derived fuel processing
华新建材是做什么的？
华新建材集团成立于1907年，总部位于湖北武汉，在中国及海外生产和销售水泥。除水泥外，公司还提供骨料、商品混凝土、包装材料，以及砂浆、砖、板材、加气混凝土制品、环保墙体、幕墙挂板和耐腐蚀瓷砖等建材产品。 公司还运营废弃物处理平台，将部分废弃物预处理后制成燃料，并开展数据科学研发和软件开发。公司原名华新水泥股份有限公司，2025年10月更名为华新建材集团股份有限公司，体现出其业务正向综合建材拓展。
What is Huaxin Building Materials worth?
On an owner-earnings DCF, Huaxin Building Materials's most-likely value is about ¥30 versus a recent price near ¥22 (26% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~¥17) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
One company, two listings
Huaxin Building Materials trades in mainland China and in Hong Kong. Same business, same profits — but the two markets can price it at different multiples, because they have different investors, money and reference points.
| Market | Ticker | Price | P/E |
|---|---|---|---|
| Shanghai (A shares) | 600801.SS | ¥22.49 | 14.7× |
| Hong Kong (H shares) | 6655.HK | HK$15.25 | 8.5× |
As of 12 October 2026. Prices in each listing's own currency. Why one profit can carry two prices: Valuation Is Not a Property of the Company.
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Anhui Conch Cement (600585.SS) · Gansu Shangfeng Materials (000672.SZ)