Yueyang Forest&Paper Co.,Ltd.’s Net Profit Dropped 29.7% in First Quarter of 2023

Yueyang Forest&Paper Co.,Ltd. (岳阳林纸股份有限公司) (600963.SH) reported a net profit of 88 million yuan in the first quarter of 2023, down 29.7% year-on-year.

Meanwhile, the company posted 2.5 billion yuan in revenue, up 51.1% year-on-year.

At the end of the reporting period, it had 17 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.