May 06, 2022 08:00 AM

China Satellite Communications Co.,Ltd.’s Net Profit Rose 19.6% in First Quarter of 2022

By Caixin Automation

China Satellite Communications Co.,Ltd. (中国卫通集团股份有限公司) (601698.SH) reported a net profit of 162.8 million yuan in the first quarter of 2022, up 19.6% year-on-year.

Meanwhile, the company posted 591.1 million yuan in revenue, up 1.3% year-on-year.

At the end of the reporting period, it had 19.5 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 18.8%.

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