Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 26.9% in First Half 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 749.2 million yuan in the first half of 2022, down 26.9% year-on-year.

Meanwhile, the company posted 3.5 billion yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 15 billion yuan in total assets and 5.9 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.