Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd.’s Net Profit Rose 1.9% in First Quarter of 2023

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 81.5 million yuan in the first quarter of 2023, up 1.9% year-on-year.

Meanwhile, the company posted 541.1 million yuan in revenue, down 11.2% year-on-year.

At the end of the reporting period, it had 2.9 billion yuan in total assets and 793.9 million yuan in total liabilities, with a liability-to-asset ratio of 27.7%.