Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 14.7% in First Half of 2022

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 555.1 million yuan in the first half of 2022, down 14.7% year-on-year.

Meanwhile, the company posted 4 billion yuan in revenue, up 19.7% year-on-year.

At the end of the reporting period, it had 12.9 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 28.6%.