Shandong Sun Paper Co.,Ltd.’s Net Profit Dropped 39.2% in First Quarter of 2022

Shandong Sun Paper Co.,Ltd. (山东太阳纸业股份有限公司) (002078.SZ) reported a net profit of 676 million yuan in the first quarter of 2022, down 39.2% year-on-year.

Meanwhile, the company posted 9.7 billion yuan in revenue, up 26.5% year-on-year.

At the end of the reporting period, it had 44.5 billion yuan in total assets and 25 billion yuan in total liabilities, with a liability-to-asset ratio of 56.2%.