China Spacesat Co.,Ltd.’s Net Profit Rose 0.8% in First Quarter of 2023

China Spacesat Co.,Ltd. (中国东方红卫星股份有限公司) (600118.SH) reported a net profit of 66.1 million yuan in the first quarter of 2023, up 0.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 4.8% year-on-year.

At the end of the reporting period, it had 14.3 billion yuan in total assets and 6.1 billion yuan in total liabilities, with a liability-to-asset ratio of 42.5%.