HK Stock Market Move | WESTCHINACEMENT (02233) is currently falling more than 4%, with net profit for the second half of the year far below market expectations. Credit Suisse says this is mainly due to one-off factors.

WESTCHINACEMENT (02233) is currently down more than 4%, falling by 4.24% to HKD 2.26 as of press time, with a trading volume of HKD 42.9066 million. In terms of news, WESTCHINACEMENT previously released a performance forecast, expecting a net profit of RMB 833 million to 896 million for the year, a year-on-year increase of 33% to 43%. Guotai Junan Securities believes that the net profit in the second half of the year is expected to be between RMB 85 million and 148 million, much lower than market expectations. The company's poor performance is mainly attributed to one-time factors, and the impact is not expected to reoccur in 2026. The company's overseas sales volume last year was about 8 million tons, which was flat compared to the first half of the year but doubled on an annual basis, reflecting no weakening demand in the main African markets. Guotai Junan Securities believes that the growth prospects for WESTCHINACEMENT in the African market remain unchanged. They expect that with sales restructuring, growth in high-profit overseas business, and the elimination of domestic profit drag factors, the sharp drop in stock price will provide investors with an entry opportunity before the profit recovery in 2026.