Anhui Conch Cement Company Limited’s Net Profit Dropped 44.5% in First Three Quarters of 2022

Anhui Conch Cement Company Limited (安徽海螺水泥股份有限公司) (600585.SH) reported a net profit of 12.8 billion yuan in the first three quarters of 2022, down 44.5% year-on-year.

Meanwhile, the company posted 85.3 billion yuan in revenue, down 29.9% year-on-year.

At the end of the reporting period, it had 233.8 billion yuan in total assets and 44 billion yuan in total liabilities, with a liability-to-asset ratio of 18.8%.