Gansu Qilianshan Cement Group Co.,Ltd.’s Net Profit Dropped 30.7% in First Three Quarters 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 631.5 million yuan in the first three quarters of 2023, down 30.7% year-on-year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 12.1% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 27%.