Anhui Conch Cement Company Limited’s Net Profit Dropped 52.8% in 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 16.1 billion yuan in 2022, down 52.8% year-on-year.

Meanwhile, the company posted 132 billion yuan in revenue, down 21.4% year-on-year.

At the end of the reporting period, it had 244 billion yuan in total assets and 48 billion yuan in total liabilities, with a liability-to-asset ratio of 19.7%.