Anhui Conch Cement Company Limited’s Net Profit Dropped 33% in First Half 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 6.8 billion yuan in the first half of 2023, down 33% year-on-year.

Meanwhile, the company posted 65.4 billion yuan in revenue, up 16.3% year-on-year.

At the end of the reporting period, it had 241.2 billion yuan in total assets and 46.6 billion yuan in total liabilities, with a liability-to-asset ratio of 19.3%.