Quectel Wireless Solutions Co.,Ltd.’s Net Profit Rose 73.2% in 2022

Quectel Wireless Solutions Co.,Ltd. (上海移远通信技术股份有限公司) (603236.SH) reported a net profit of 620.5 million yuan in 2022, up 73.2% year-on-year.

Meanwhile, the company posted 14.2 billion yuan in revenue, up 26.4% year-on-year.

At the end of the reporting period, it had 10.3 billion yuan in total assets and 6.6 billion yuan in total liabilities, with a liability-to-asset ratio of 63.8%.