Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 25% in First Half of 2023

Gansu Shangfeng Cement Co.,Ltd. (甘肃上峰水泥股份有限公司) (000672.SZ) reported a net profit of 561.9 million yuan in the first half of 2023, down 25% year-on-year.

Meanwhile, the company posted 3.2 billion yuan in revenue, down 9.5% year-on-year.

At the end of the reporting period, it had 18.4 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 48.3%.