Shandong Chenming Paper Holdings Co.,Ltd.’s Net Profit Dropped 89.4% in First Quarter of 2022

Shandong Chenming Paper Holdings Co.,Ltd. (山东晨鸣纸业集团股份有限公司) (000488.SZ) reported a net profit of 131.7 million yuan in the first quarter of 2022, down 89.4% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 82.9 billion yuan in total assets and 60.2 billion yuan in total liabilities, with a liability-to-asset ratio of 72.6%.