Xinjiang Tianshan Cement Co.,Ltd.’s Net Profit Dropped 98.4% in First Half of 2023

Xinjiang Tianshan Cement Co.,Ltd. (新疆天山水泥股份有限公司) (000877.SZ) reported a net profit of 63.6 million yuan in the first half of 2023, down 98.4% year-on-year.

Meanwhile, the company posted 53.4 billion yuan in revenue, down 18.4% year-on-year.

At the end of the reporting period, it had 296.2 billion yuan in total assets and 200.8 billion yuan in total liabilities, with a liability-to-asset ratio of 67.8%.