C&S Paper Co.,Ltd.’s Net Profit Dropped 50.8% in First Quarter of 2022

C&S Paper Co.,Ltd. (中顺洁柔纸业股份有限公司) (002511.SZ) reported a net profit of 133.3 million yuan in the first quarter of 2022, down 50.8% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 10.4% year-on-year.

At the end of the reporting period, it had 7.3 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 31.1%.