Mudanjiang Hengfeng Paper Co.,Ltd.’s Net Profit Dropped 42.1% in First Quarter of 2022

Mudanjiang Hengfeng Paper Co.,Ltd. (牡丹江恒丰纸业股份有限公司) (600356.SH) reported a net profit of 23.4 million yuan in the first quarter of 2022, down 42.1% year-on-year.

Meanwhile, the company posted 546.5 million yuan in revenue, up 9.3% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 599.3 million yuan in total liabilities, with a liability-to-asset ratio of 20.1%.