Fujian Cement Inc. Posted 175.8 Million Yuan Net Loss in First Half of 2023

Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 175.8 million yuan in the first half of 2023, widening 30.5% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 64.8%.