Shandong Chenming Paper Holdings Co.,Ltd.’s Net Profit Dropped 84.8% in 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 317.4 million yuan in 2022, down 84.8% year-on-year.

Meanwhile, the company posted 32 billion yuan in revenue, down 3.1% year-on-year.

At the end of the reporting period, it had 84.3 billion yuan in total assets and 60.6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.9%.