Fujian Cement Inc. Posted 67.4 Million Yuan Net Loss in First Quarter of 2022

Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 67.4 million yuan in the first quarter of 2022, reversing a net profit of 32.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 514.2 million yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.