Tangshan Jidong Cement Co.,Ltd. Posted 447.5 Million Yuan Net Loss in First Three Quarters 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 447.5 million yuan in the first three quarters of 2023, reversing a net profit of 1.7 billion yuan for the same period in the previous year.

Meanwhile, the company posted 22.3 billion yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 62.8 billion yuan in total assets and 30.9 billion yuan in total liabilities, with a liability-to-asset ratio of 49.3%.