Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 6.6 Million Yuan Net Profit in First Half of 2022

Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. (杭州华星创业通信技术股份有限公司) (300025.SZ) reported a net profit of 6.6 million yuan in the first half of 2022, reversing a net loss of 13.2 million yuan for the same period in the previous year.

Meanwhile, the company posted 296.2 million yuan in revenue, down 10.2% year-on-year.

At the end of the reporting period, it had 778 million yuan in total assets and 471.3 million yuan in total liabilities, with a liability-to-asset ratio of 60.6%.