Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 11.1 Million Yuan Net Profit in First Three Quarters 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 11.1 million yuan in the first three quarters of 2022, reversing a net loss of 12.9 million yuan for the same period in the previous year.

Meanwhile, the company posted 476.1 million yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 1 billion yuan in total assets and 351.2 million yuan in total liabilities, with a liability-to-asset ratio of 34.5%.