Shanghai M&G Stationery Inc.’s Net Profit Dropped 13.4% in First Quarter of 2022

Shanghai M&G Stationery Inc. (上海晨光文具股份有限公司) (603899.SH) reported a net profit of 286.1 million yuan in the first quarter of 2022, down 13.4% year-on-year.

Meanwhile, the company posted 4.2 billion yuan in revenue, up 10.9% year-on-year.

At the end of the reporting period, it had 11 billion yuan in total assets and 4.1 billion yuan in total liabilities, with a liability-to-asset ratio of 37.7%.