Tianshan Stock Co., Ltd.: Strive to reduce the asset-liability ratio

2023-02-02 10:10:38

By the end of the third quarter of 2022, the company's asset-liability ratio was 67.13%.

Recently, an investor asked Tianshan Stock: Hello, the chairman of CNBM said a year ago: The cement market in 2022 is the worst year in 11 years, and it is also the most difficult year. Investors want to know why the debt in the first 11 years is high, the debt is more than 200 billion, and the actual goodwill exceeds the net assets? Ask the company to reply to investors' doubts. Thank you.

In this regard, Tianshan shares said: Dear investors, by the end of the third quarter of 2022, the company's asset-liability ratio was 67.13%, down from the same period at the beginning of the year ; The company will balance the relationship between asset-liability structure and business development, and strive to gradually reduce the asset-liability ratio . The company is committed to lean management, cost reduction and efficiency enhancement, and strives to return shareholders with good performance. Thank you for your interest.

According to China Cement Network, a few days ago, China Building Materials (03323) announced that its subsidiary company, Xinjiang Tianshan Cement Co., Ltd. Year-on-year decrease of 68.08% to 58.50%.

The announcement said that compared with the same period last year, the main reason for the performance change was that the market demand decreased during the reporting period due to the repeated COVID-19 epidemic and the decline in the growth rate of investment in real estate development. As a result, the sales volume and price of cement clinker and commercial concrete, the main products of Tianshan Cement, decreased to varying degrees compared with the same period last year. Affected by the rising prices of coal and other major raw materials, the cost of cement clinker increased year on year.


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By the end of the third quarter of 2022, the company's asset-liability ratio was 67.13%.

2023-02-02 10:10:38

On January 15, 2021, Fujian Provincial Department of Industry and Information Technology announced the capacity replacement plan of Fujian Cement Co., Ltd. for the construction project of cement clinker production line with a daily output of 4500 tons, which was not organized and implemented for some reasons. Now the enterprise applies for the change of the announcement.