Mudanjiang Hengfeng Paper Co.,Ltd.’s Net Profit Rose 11.1% in First Half 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 56.5 million yuan in the first half of 2023, up 11.1% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 5.2% year-on-year.

At the end of the reporting period, it had 3.1 billion yuan in total assets and 578.3 million yuan in total liabilities, with a liability-to-asset ratio of 18.9%.