Shanghai M&G Stationery Inc.’s Net Profit Rose 27.9% in First Quarter of 2023

Shanghai M&G Stationery Inc. (上海晨光文具股份有限公司) (603899.SH) reported a net profit of 365.9 million yuan in the first quarter of 2023, up 27.9% year-on-year.

Meanwhile, the company posted 4.9 billion yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 12.7 billion yuan in total assets and 5.1 billion yuan in total liabilities, with a liability-to-asset ratio of 40.2%.