Huaxin Cement Co.,Ltd.’s Net Profit Dropped 59.7% in First Quarter of 2023

Huaxin Cement Co.,Ltd. (华新水泥股份有限公司) (600801.SH) reported a net profit of 282.7 million yuan in the first quarter of 2023, down 59.7% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 1.5% year-on-year.

At the end of the reporting period, it had 64.7 billion yuan in total assets and 33.9 billion yuan in total liabilities, with a liability-to-asset ratio of 52.4%.