Xinjiang Tianshan Cement Co.,Ltd.’s Net Profit Dropped 66% in 2022

Xinjiang Tianshan Cement Co.,Ltd. (新疆天山水泥股份有限公司) (000877.SZ) reported a net profit of 5.1 billion yuan in 2022, down 66% year-on-year.

Meanwhile, the company posted 132.6 billion yuan in revenue, down 22% year-on-year.

At the end of the reporting period, it had 288.8 billion yuan in total assets and 191.5 billion yuan in total liabilities, with a liability-to-asset ratio of 66.3%.