Shandong Chenming Paper Holdings Co.,Ltd.’s Net Profit Dropped 85.8% in First Three Quarters 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 301.4 million yuan in the first three quarters of 2022, down 85.8% year-on-year.

Meanwhile, the company posted 25.4 billion yuan in revenue, down 1.6% year-on-year.

At the end of the reporting period, it had 84.2 billion yuan in total assets and 60.5 billion yuan in total liabilities, with a liability-to-asset ratio of 71.8%.