C&S Paper Co.,Ltd.’s Net Profit Dropped 39.9% in First Three Quarters of 2023

C&S Paper Co.,Ltd. (中顺洁柔纸业股份有限公司) (002511.SZ) reported a net profit of 164.7 million yuan in the first three quarters of 2023, down 39.9% year-on-year.

Meanwhile, the company posted 6.8 billion yuan in revenue, up 11.6% year-on-year.

At the end of the reporting period, it had 8.9 billion yuan in total assets and 3.6 billion yuan in total liabilities, with a liability-to-asset ratio of 40.3%.