Mudanjiang Hengfeng Paper Co.,Ltd.’s Net Profit Dropped 42.7% in First Half 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 50.8 million yuan in the first half of 2022, down 42.7% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 591.1 million yuan in total liabilities, with a liability-to-asset ratio of 19.9%.