Shanghai Broadband Technology Co.,Ltd.’s Net Profit Dropped 51.8% in First Quarter of 2023

Shanghai Broadband Technology Co.,Ltd. (上海宽频科技股份有限公司) (600608.SH) reported a net profit of 1.2 million yuan in the first quarter of 2023, down 51.8% year-on-year.

Meanwhile, the company posted 55 million yuan in revenue, down 50.2% year-on-year.

At the end of the reporting period, it had 168 million yuan in total assets and 95.9 million yuan in total liabilities, with a liability-to-asset ratio of 57.1%.