China Satellite Communications Co.,Ltd.’s Net Profit Rose 34% in First Three Quarters of 2022

China Satellite Communications Co.,Ltd. (中国卫通集团股份有限公司) (601698.SH) reported a net profit of 647.8 million yuan in the first three quarters of 2022, up 34% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, up 3.7% year-on-year.

At the end of the reporting period, it had 22.8 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 16.9%.