Shenzhen Topway Video Communication Co.,Ltd.’s Net Profit Dropped 24.2% in 2022

Shenzhen Topway Video Communication Co.,Ltd. (深圳市天威视讯股份有限公司) (002238.SZ) reported a net profit of 106.8 million yuan in 2022, down 24.2% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 15.4% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.