Tangshan Jidong Cement Co.,Ltd. Posted 455.2 Million Yuan Net Loss in First Half of 2023

Tangshan Jidong Cement Co.,Ltd. (唐山冀东水泥股份有限公司) (000401.SZ) reported a net loss of 455.2 million yuan in the first half of 2023, reversing a net profit of 1.2 billion yuan for the same period in the previous year.

Meanwhile, the company posted 14.5 billion yuan in revenue, down 14% year-on-year.

At the end of the reporting period, it had 62.6 billion yuan in total assets and 30.7 billion yuan in total liabilities, with a liability-to-asset ratio of 49.1%.