Fibocom Wireless Inc.’s Net Profit Rose 34.3% in First Quarter of 2023

Fibocom Wireless Inc. (深圳市广和通无线股份有限公司) (300638.SZ) reported a net profit of 140.4 million yuan in the first quarter of 2023, up 34.3% year-on-year.

Meanwhile, the company posted 1.8 billion yuan in revenue, up 53.8% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 3.7 billion yuan in total liabilities, with a liability-to-asset ratio of 59.2%.