China-based Shaanxi Qinling Cement will push for a major asset restructuring in 2015, after it reported a second-year loss of CNY 250mn (€37.75 million/US$39.91 million) in 2014.
The losses widened 113.88% from a year ago, due mainly to lower output and sales and reduced average selling price of cement and higher expenses.
The company's revenue declined 15.46% to CNY 674 million.
Qinling Cement has disclosed that it targets to produce and sell 3.85 million tonnes of cement in 2015.
