Apr 28, 2023 08:00 AM

Fujian Cement Inc. Posted 123.3 Million Yuan Net Loss in First Quarter of 2023

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Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 123.3 million yuan in the first quarter of 2023, widening 83.1% year-on-year.

Meanwhile, the company posted 446.5 million yuan in revenue, down 13.2% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.2%.

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