China United Network Communications Limited’s Net Profit Rose 11.9% in First Quarter of 2023

China United Network Communications Limited (中国联合网络通信股份有限公司) (600050.SH) reported a net profit of 5.2 billion yuan in the first quarter of 2023, up 11.9% year-on-year.

Meanwhile, the company posted 97.2 billion yuan in revenue, up 9.2% year-on-year.

At the end of the reporting period, it had 651.7 billion yuan in total assets and 299 billion yuan in total liabilities, with a liability-to-asset ratio of 45.9%.