Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd.’s Net Profit Rose 47% in First Half of 2023

Zhejiang Rongsheng Environmental Protection Paper Co.,Ltd. (浙江荣晟环保纸业股份有限公司) (603165.SH) reported a net profit of 157.6 million yuan in the first half of 2023, up 47% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 13% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 942.5 million yuan in total liabilities, with a liability-to-asset ratio of 31.8%.