Fujian Star-Net Communication Co.,Ltd.’s Net Profit Dropped 17.9% in First Quarter of 2023

Fujian Star-Net Communication Co.,Ltd. (福建星网锐捷通讯股份有限公司) (002396.SZ) reported a net profit of 149 million yuan in the first quarter of 2023, down 17.9% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 13.6% year-on-year.

At the end of the reporting period, it had 13.4 billion yuan in total assets and 4.6 billion yuan in total liabilities, with a liability-to-asset ratio of 34%.