Shanghai M&G Stationery Inc.’s Net Profit Rose 19.9% in First Half of 2023

Shanghai M&G Stationery Inc. (上海晨光文具股份有限公司) (603899.SH) reported a net profit of 656.4 million yuan in the first half of 2023, up 19.9% year-on-year.

Meanwhile, the company posted 10 billion yuan in revenue, up 18.1% year-on-year.

At the end of the reporting period, it had 12.8 billion yuan in total assets and 5.4 billion yuan in total liabilities, with a liability-to-asset ratio of 42.1%.