Minfeng Special Paper Co.,Ltd.’s Net Profit Dropped 73.6% in 2022

Minfeng Special Paper Co.,Ltd. (民丰特种纸股份有限公司) (600235.SH) reported a net profit of 15.4 million yuan in 2022, down 73.6% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 9.5% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 744.4 million yuan in total liabilities, with a liability-to-asset ratio of 34.6%.