Hangzhou Zongheng Communication Co.,Ltd.’s Net Profit Rose 2075.9% in First Half of 2022

Hangzhou Zongheng Communication Co.,Ltd. (杭州纵横通信股份有限公司) (603602.SH) reported a net profit of 6.6 million yuan in the first half of 2022, up 2075.9% year-on-year.

Meanwhile, the company posted 536.3 million yuan in revenue, up 33% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 887.7 million yuan in total liabilities, with a liability-to-asset ratio of 54.5%.