Eastern Communications Co.,Ltd.’s Net Profit Dropped 45.6% in First Half of 2022

Eastern Communications Co.,Ltd. (东方通信股份有限公司) (600776.SH) reported a net profit of 27.4 million yuan in the first half of 2022, down 45.6% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 4.1% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 837 million yuan in total liabilities, with a liability-to-asset ratio of 20.2%.