Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 51.7% in First Half 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 268.1 million yuan in the first half of 2023, down 51.7% year-on-year.

Meanwhile, the company posted 3.3 billion yuan in revenue, down 15.4% year-on-year.

At the end of the reporting period, it had 12.6 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 23.7%.