Huaxin Cement Co.,Ltd.’s Net Profit Dropped 19.8% in First Half of 2023

Huaxin Cement Co.,Ltd. (华新水泥股份有限公司) (600801.SH) reported a net profit of 1.3 billion yuan in the first half of 2023, down 19.8% year-on-year.

Meanwhile, the company posted 15.8 billion yuan in revenue, up 10% year-on-year.

At the end of the reporting period, it had 65.6 billion yuan in total assets and 33.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.1%.