Quectel Wireless Solutions Co.,Ltd.’s Net Profit Rose 108% in First Half of 2022

Quectel Wireless Solutions Co.,Ltd. (上海移远通信技术股份有限公司) (603236.SH) reported a net profit of 277.6 million yuan in the first half of 2022, up 108% year-on-year.

Meanwhile, the company posted 6.7 billion yuan in revenue, up 55% year-on-year.

At the end of the reporting period, it had 9.1 billion yuan in total assets and 5.7 billion yuan in total liabilities, with a liability-to-asset ratio of 62.7%.