Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd.’s Net Profit Dropped 40.9% in 2022

Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd. (浙江荣晟环保纸业股份有限公司) (603165.SH) reported a net profit of 168.1 million yuan in 2022, down 40.9% year-on-year.

Meanwhile, the company posted 2.6 billion yuan in revenue, up 6.1% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 668.3 million yuan in total liabilities, with a liability-to-asset ratio of 25.1%.