Yueyang Forest&Paper Co.,Ltd.’s Net Profit Dropped 65.3% in First Half of 2023

Yueyang Forest&Paper Co.,Ltd. (岳阳林纸股份有限公司) (600963.SH) reported a net profit of 104.8 million yuan in the first half of 2023, down 65.3% year-on-year.

Meanwhile, the company posted 4.7 billion yuan in revenue, up 21.5% year-on-year.

At the end of the reporting period, it had 16.8 billion yuan in total assets and 7.7 billion yuan in total liabilities, with a liability-to-asset ratio of 45.8%.