Qilian Mountain: Net profit of 238 million yuan in the first half of the year, down 52.65% year-on-year

On August 21, Qilian Mountain (600720) released its semi-annual report. In the first half of the year, its operating income was 3.344 billion yuan, down 15.35% year-on-year, and its net profit was 238 million yuan, down 52.65% year-on-year. Explanation of changes in

operating revenue: The operating revenue for the period decreased by 15.35% as compared with the same period last year, which was mainly due to the decrease in the sales price of products for the period as compared with the same period last year.

In the first half of the year, the cement market as a whole showed the operational characteristics of "weak demand recovery, high inventory, and falling price shocks". Faced with the complex and severe production and operation situation, the Party and the government of the company worked together in the same direction, aiming at the goal of "one increase, one stability and four improvements", and paid close attention to the implementation of "four stability, three reduction, two reduction and one supplement", and achieved good results. In the first half of the year, the operating income was 3.344 billion yuan and the net profit was 238 million yuan.