Minfeng Special Paper Co.,Ltd.’s Net Profit Dropped 78.7% in First Quarter of 2023

Minfeng Special Paper Co.,Ltd. (民丰特种纸股份有限公司) (600235.SH) reported a net profit of 3.4 million yuan in the first quarter of 2023, down 78.7% year-on-year.

Meanwhile, the company posted 381.8 million yuan in revenue, down 1.3% year-on-year.

At the end of the reporting period, it had 2.2 billion yuan in total assets and 777.4 million yuan in total liabilities, with a liability-to-asset ratio of 35.5%.