Shanghai M&G Stationery Inc.’s Net Profit Dropped 17.6% in First Half 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 547.7 million yuan in the first half of 2022, down 17.6% year-on-year.

Meanwhile, the company posted 8.4 billion yuan in revenue, up 9.7% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.