Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 57.4% in 2022

Gansu Shangfeng Cement Co.,Ltd. (甘肃上峰水泥股份有限公司) (000672.SZ) reported a net profit of 1 billion yuan in 2022, down 57.4% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, down 14.2% year-on-year.

At the end of the reporting period, it had 16.2 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 43.4%.