Shandong Chenming Paper Holdings Co.,Ltd. Posted 819.4 Million Yuan Net Loss in First Three Quarters 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 819.4 million yuan in the first three quarters of 2023, reversing a net profit of 301.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 19.7 billion yuan in revenue, down 22.2% year-on-year.

At the end of the reporting period, it had 79.8 billion yuan in total assets and 58.3 billion yuan in total liabilities, with a liability-to-asset ratio of 73%.