Fujian Cement Inc. Posted 134.8 Million Yuan Net Loss in First Half of 2022

Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 134.8 million yuan in the first half of 2022, reversing a net profit of 216.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.2 billion yuan in revenue, down 19.2% 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 57.6%.