Shandong Chenming Paper Holdings Co.,Ltd. Posted 694.6 Million Yuan Net Loss in First Half 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 694.6 million yuan in the first half of 2023, reversing a net profit of 274 million yuan for the same period in the previous year.

Meanwhile, the company posted 12.6 billion yuan in revenue, down 24.7% year-on-year.

At the end of the reporting period, it had 82.7 billion yuan in total assets and 59.7 billion yuan in total liabilities, with a liability-to-asset ratio of 72.3%.