Forest Packging Group Co.,Ltd.’s Net Profit Dropped 16.2% in First Three Quarters of 2023

Forest Packging Group Co.,Ltd. (森林包装集团股份有限公司) (605500.SH) reported a net profit of 94.5 million yuan in the first three quarters of 2023, down 16.2% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 17.3% year-on-year.

At the end of the reporting period, it had 3 billion yuan in total assets and 353.8 million yuan in total liabilities, with a liability-to-asset ratio of 12%.