Apr 27, 2022 08:00 AM

Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 97.1% in First Quarter of 2022

By Caixin Automation

Gansu Qilianshan Cement Group Co.,Ltd. (甘肃祁连山水泥集团股份有限公司) (600720.SH) reported a net profit of 1.4 million yuan in the first quarter of 2022, down 97.1% year-on-year.

Meanwhile, the company posted 928.6 million yuan in revenue, up 19.4% year-on-year.

At the end of the reporting period, it had 12.3 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 26.6%.

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