Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 12.4% in First Three Quarters of 2022

Gansu Qilianshan Cement Group Co.,Ltd. (甘肃祁连山水泥集团股份有限公司) (600720.SH) reported a net profit of 911.4 million yuan in the first three quarters of 2022, down 12.4% year-on-year.

Meanwhile, the company posted 6.5 billion yuan in revenue, up 11% year-on-year.

At the end of the reporting period, it had 13.6 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 29.9%.