Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 50.7% in First Quarter of 2023

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 707,928 yuan in the first quarter of 2023, down 50.7% year-on-year.

Meanwhile, the company posted 811.9 million yuan in revenue, down 12.6% year-on-year.

At the end of the reporting period, it had 12.1 billion yuan in total assets and 2.6 billion yuan in total liabilities, with a liability-to-asset ratio of 21.8%.