Jidong Cement obtained 2.758 billion financial assistance from BBMG Group

Byzengjiaming12

Updated Fri, 29 Apr 2022 17:37:58 GMT

On April 19, Tangshan Jidong Cement Co., Ltd. released the report for the first quarter of 2022. The company achieved operating revenue of 4.968 billion yuan, fell by 2.51% year-on-year; the net profit attributable to shareholders of the listed company was -233 million yuan; the net profit after deducting non-recurring gains and losses attributable to shareholders of listed company was -250 million yuan; basic earnings were -0.088 yuan per share. And about 2.758 billion of other payables mainly are financial assistance from BBMG Group.

In addition, Jidong Cement also stated on the investment platform that the company's main production capacity and market are located in the northern region. The first quarter is off-season, coupled with the epidemic, has led to sales fell in cement and clinker, which were the main reason for the company's loss in the first quarter.