Shenzhen Sunway Communication Co.,Ltd.’s Net Profit Rose 17.3% in First Quarter of 2023

Shenzhen Sunway Communication Co.,Ltd. (深圳市信维通信股份有限公司) (300136.SZ) reported a net profit of 142.7 million yuan in the first quarter of 2023, up 17.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 9.2% year-on-year.

At the end of the reporting period, it had 11.2 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 39.6%.