Mudanjiang Hengfeng Paper Co.,Ltd.’s Net Profit Rose 10% in First Quarter of 2023

Mudanjiang Hengfeng Paper Co.,Ltd. (牡丹江恒丰纸业股份有限公司) (600356.SH) reported a net profit of 25.7 million yuan in the first quarter of 2023, up 10% year-on-year.

Meanwhile, the company posted 633.9 million yuan in revenue, up 16% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 581 million yuan in total liabilities, with a liability-to-asset ratio of 18.9%.