Gansu Shangfeng Cement Co.,Ltd.’s Net Profit Dropped 19.4% in First Three Quarters 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 704.9 million yuan in the first three quarters of 2023, down 19.4% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, down 5.5% year-on-year.

At the end of the reporting period, it had 19.2 billion yuan in total assets and 9.6 billion yuan in total liabilities, with a liability-to-asset ratio of 49.9%.