Huaxin Cement Co.,Ltd.’s Net Profit Dropped 36.9% in First Half of 2022

Huaxin Cement Co.,Ltd. (华新水泥股份有限公司) (600801.SH) reported a net profit of 1.7 billion yuan in the first half of 2022, down 36.9% year-on-year.

Meanwhile, the company posted 14.4 billion yuan in revenue, down 2.4% year-on-year.

At the end of the reporting period, it had 56.2 billion yuan in total assets and 26.9 billion yuan in total liabilities, with a liability-to-asset ratio of 47.8%.