Huaxin Cement Co.,Ltd.’s Net Profit Dropped 12.9% in First Quarter of 2022

Huaxin Cement Co.,Ltd. (华新水泥股份有限公司) (600801.SH) reported a net profit of 700.9 million yuan in the first quarter of 2022, down 12.9% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, up 5.5% year-on-year.

At the end of the reporting period, it had 52.9 billion yuan in total assets and 22.9 billion yuan in total liabilities, with a liability-to-asset ratio of 43.2%.