Suzhou New Sea Union Telecom Technology Co.,Ltd.’s Net Profit Rose 382% in First Quarter of 2023

Suzhou New Sea Union Telecom Technology Co.,Ltd. (新海宜科技集团股份有限公司) (002089.SZ) reported a net profit of 9.7 million yuan in the first quarter of 2023, up 382% year-on-year.

Meanwhile, the company posted 37.6 million yuan in revenue, down 22.8% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 811 million yuan in total liabilities, with a liability-to-asset ratio of 45.1%.