Huaxin Cement Co.,Ltd.’s Net Profit Dropped 38.5% in First Three Quarters of 2022

Huaxin Cement Co.,Ltd. (华新水泥股份有限公司) (600801.SH) reported a net profit of 2.4 billion yuan in the first three quarters of 2022, down 38.5% year-on-year.

Meanwhile, the company posted 21.8 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 60 billion yuan in total assets and 29.3 billion yuan in total liabilities, with a liability-to-asset ratio of 48.8%.