Fujian Cement Inc. Posted 276.2 Million Yuan Net Loss in First Three Quarters of 2022

Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 276.2 million yuan in the first three quarters of 2022, reversing a net profit of 226.3 million yuan for the same period in the previous year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 18.4% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 2.8 billion yuan in total liabilities, with a liability-to-asset ratio of 62.3%.