Hangzhou Zongheng Communication Co.,Ltd.’s Net Profit Rose 56.6% in 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 20.4 million yuan in 2022, up 56.6% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, up 28.3% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 841.1 million yuan in total liabilities, with a liability-to-asset ratio of 52.9%.