Shandong Sun Paper Co.,Ltd.’s Net Profit Dropped 15.9% in First Quarter of 2023

Shandong Sun Paper Co.,Ltd. (山东太阳纸业股份有限公司) (002078.SZ) reported a net profit of 568.5 million yuan in the first quarter of 2023, down 15.9% year-on-year.

Meanwhile, the company posted 9.8 billion yuan in revenue, up 1.4% year-on-year.

At the end of the reporting period, it had 49.1 billion yuan in total assets and 25.5 billion yuan in total liabilities, with a liability-to-asset ratio of 51.9%.