Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 20.4% in 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 817.9 million yuan in 2022, down 20.4% year-on-year.

Meanwhile, the company posted 8 billion yuan in revenue, up 3.9% year-on-year.

At the end of the reporting period, it had 11.7 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 19.2%.