Fujian Qingshan Paper Industry Co.,Ltd.’s Net Profit Dropped 7.9% in First Quarter of 2023

Fujian Qingshan Paper Industry Co.,Ltd. (福建省青山纸业股份有限公司) (600103.SH) reported a net profit of 63.8 million yuan in the first quarter of 2023, down 7.9% year-on-year.

Meanwhile, the company posted 703.3 million yuan in revenue, down 9.9% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 27.9%.