Zhejiang Zhongcheng Packing Material Co.,Ltd.’s Net Profit Dropped 62.5% in First Quarter of 2023

Zhejiang Zhongcheng Packing Material Co.,Ltd. (浙江众成包装材料股份有限公司) (002522.SZ) reported a net profit of 18.4 million yuan in the first quarter of 2023, down 62.5% year-on-year.

Meanwhile, the company posted 399 million yuan in revenue, down 12.9% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 35.4%.