Queclink Wireless Solutions Co.,Ltd.’s Net Profit Rose 2.2% in First Quarter of 2023

Queclink Wireless Solutions Co.,Ltd. (上海移为通信技术股份有限公司) (300590.SZ) reported a net profit of 19.4 million yuan in the first quarter of 2023, up 2.2% year-on-year.

Meanwhile, the company posted 176.2 million yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 242.3 million yuan in total liabilities, with a liability-to-asset ratio of 12.4%.