Yueyang Forest&Paper Co.,Ltd.’s Net Profit Dropped 75% in First Three Quarters of 2023

Yueyang Forest&Paper Co.,Ltd. (岳阳林纸股份有限公司) (600963.SH) reported a net profit of 119.2 million yuan in the first three quarters of 2023, down 75% year-on-year.

Meanwhile, the company posted 6.6 billion yuan in revenue, up 3.1% year-on-year.

At the end of the reporting period, it had 16.7 billion yuan in total assets and 7.6 billion yuan in total liabilities, with a liability-to-asset ratio of 45.2%.