Guangxi Wuzhou Communications Co.,Ltd.’s Net Profit Rose 9.9% in First Quarter of 2023

Guangxi Wuzhou Communications Co.,Ltd. (广西五洲交通股份有限公司) (600368.SH) reported a net profit of 197.1 million yuan in the first quarter of 2023, up 9.9% year-on-year.

Meanwhile, the company posted 367.1 million yuan in revenue, up 8.6% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 40.4%.