Shandong Sun Paper Co.,Ltd.’s Net Profit Dropped 18.2% in First Three Quarters of 2022

Shandong Sun Paper Co.,Ltd. (山东太阳纸业股份有限公司) (002078.SZ) reported a net profit of 2.3 billion yuan in the first three quarters of 2022, down 18.2% year-on-year.

Meanwhile, the company posted 29.6 billion yuan in revenue, up 25% year-on-year.

At the end of the reporting period, it had 47.6 billion yuan in total assets and 25.8 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.