Hangzhou Huaxing Chuangye Communication Technology Co.,Ltd. Posted 13 Million Yuan Net Profit in 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 13 million yuan in 2022, reversing a net loss of 24.4 million yuan for the previous year.

Meanwhile, the company posted 676.4 million yuan in revenue, down 5.6% year-on-year.

At the end of the reporting period, it had 937.5 million yuan in total assets and 263.9 million yuan in total liabilities, with a liability-to-asset ratio of 28.2%.