Guangzhou Haige Communications Group Incorporated Company’s Net Profit Dropped 11.2% in First Quarter of 2023

Guangzhou Haige Communications Group Incorporated Company (广州海格通信集团股份有限公司) (002465.SZ) reported a net profit of 42.5 million yuan in the first quarter of 2023, down 11.2% year-on-year.

Meanwhile, the company posted 1 billion yuan in revenue, up 10.3% year-on-year.

At the end of the reporting period, it had 15.3 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 26%.