Hangzhou Zongheng Communication Co.,Ltd.’s Net Profit Rose 1138.9% in First Three Quarters 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 15.3 million yuan in the first three quarters of 2022, up 1138.9% year-on-year.

Meanwhile, the company posted 795.3 million yuan in revenue, up 35.7% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 865.9 million yuan in total liabilities, with a liability-to-asset ratio of 53.8%.