Guangxi Wuzhou Communications Co.,Ltd.’s Net Profit Dropped 17.5% in 2022

Guangxi Wuzhou Communications Co.,Ltd. (广西五洲交通股份有限公司) (600368.SH) reported a net profit of 577.6 million yuan in 2022, down 17.5% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 7.9% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 4.2 billion yuan in total liabilities, with a liability-to-asset ratio of 42.6%.