Wuhan Yangtze Communication Industry Group Co.,Ltd.’s Net Profit Rose 274.5% in First Quarter of 2022

Wuhan Yangtze Communication Industry Group Co.,Ltd. (武汉长江通信产业集团股份有限公司) (600345.SH) reported a net profit of 22.7 million yuan in the first quarter of 2022, up 274.5% year-on-year.

Meanwhile, the company posted 32.8 million yuan in revenue, up 59% year-on-year.

At the end of the reporting period, it had 2.4 billion yuan in total assets and 223.1 million yuan in total liabilities, with a liability-to-asset ratio of 9.4%.