Fujian Cement Inc. Posted 293.1 Million Yuan Net Loss in First Three Quarters of 2023

Fujian Cement Inc. (福建水泥股份有限公司) (600802.SH) reported a net loss of 293.1 million yuan in the first three quarters of 2023, widening 6.1% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 21.1% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 2.7 billion yuan in total liabilities, with a liability-to-asset ratio of 66.4%.