Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 46.5% in First Three Quarters 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 874.3 million yuan in the first three quarters of 2022, down 46.5% year-on-year.

Meanwhile, the company posted 5.2 billion yuan in revenue, down 9.3% year-on-year.

At the end of the reporting period, it had 16 billion yuan in total assets and 6.8 billion yuan in total liabilities, with a liability-to-asset ratio of 42.9%.