Anhui Conch Cement Company Limited’s Net Profit Dropped 47.6% in First Quarter of 2023

Anhui Conch Cement Company Limited (安徽海螺水泥股份有限公司) (600585.SH) reported a net profit of 2.7 billion yuan in the first quarter of 2023, down 47.6% year-on-year.

Meanwhile, the company posted 31.4 billion yuan in revenue, up 23.2% year-on-year.

At the end of the reporting period, it had 243.7 billion yuan in total assets and 45.1 billion yuan in total liabilities, with a liability-to-asset ratio of 18.5%.