Shanghai Broadband Technology Co.,Ltd. Posted 2.5 Million Yuan Net Profit in First Quarter of 2022

Shanghai Broadband Technology Co.,Ltd. (上海宽频科技股份有限公司) (600608.SH) reported a net profit of 2.5 million yuan in the first quarter of 2022, reversing a net loss of 668,291 yuan for the same period in the previous year.

Meanwhile, the company posted 110.4 million yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 181.9 million yuan in total assets and 108.8 million yuan in total liabilities, with a liability-to-asset ratio of 59.8%.