Shandong Chenming Paper Holdings Co.,Ltd. Posted 267.8 Million Yuan Net Loss in First Quarter of 2023

Shandong Chenming Paper Holdings Co.,Ltd. (山东晨鸣纸业集团股份有限公司) (000488.SZ) reported a net loss of 267.8 million yuan in the first quarter of 2023, reversing a net profit of 131.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.2 billion yuan in revenue, down 27.7% year-on-year.

At the end of the reporting period, it had 82.1 billion yuan in total assets and 58.6 billion yuan in total liabilities, with a liability-to-asset ratio of 71.4%.