Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 4.9% in First Quarter of 2022

Gansu Shangfeng Cement Co.,Ltd. (甘肃上峰水泥股份有限公司) (000672.SZ) reported a net profit of 335.7 million yuan in the first quarter of 2022, down 4.9% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, up 21.8% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.