Hangzhou Zongheng Communication Co.,Ltd. Posted 1.2 Million Yuan Net Profit in First Three Quarters of 2021

Hangzhou Zongheng Communication Co.,Ltd. (杭州纵横通信股份有限公司) (603602.SH) reported a net profit of 1.2 million yuan in the first three quarters of 2021, reversing a net loss of 42.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 586.2 million yuan in revenue, up 57.3% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 817.7 million yuan in total liabilities, with a liability-to-asset ratio of 53%.

This article was automatically produced by Caixin Automation on Nov. 3, 2021.

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