Anhui Conch Cement Company Limited’s Net Profit Dropped 14.1% in First Quarter of 2022

Anhui Conch Cement Company Limited (安徽海螺水泥股份有限公司) (600585.SH) reported a net profit of 5.1 billion yuan in the first quarter of 2022, down 14.1% year-on-year.

Meanwhile, the company posted 25.5 billion yuan in revenue, down 26.1% year-on-year.

At the end of the reporting period, it had 231 billion yuan in total assets and 34.5 billion yuan in total liabilities, with a liability-to-asset ratio of 14.9%.