Qingdao Eastsoft Communication Technology Co.,Ltd.’s Net Profit Dropped 35% in First Quarter of 2023

Qingdao Eastsoft Communication Technology Co.,Ltd. (青岛东软载波科技股份有限公司) (300183.SZ) reported a net profit of 13.7 million yuan in the first quarter of 2023, down 35% year-on-year.

Meanwhile, the company posted 143.9 million yuan in revenue, down 16.6% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 316.3 million yuan in total liabilities, with a liability-to-asset ratio of 9.1%.