Shandong Chenming Paper Holdings Co.,Ltd.’s Net Profit Dropped 86.7% in First Half 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 274 million yuan in the first half of 2022, down 86.7% year-on-year.

Meanwhile, the company posted 16.7 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 85.2 billion yuan in total assets and 62.1 billion yuan in total liabilities, with a liability-to-asset ratio of 72.9%.