Shenzhen Topway Video Communication Co.,Ltd.’s Net Profit Rose 14.6% in First Quarter of 2023

Shenzhen Topway Video Communication Co.,Ltd. (深圳市天威视讯股份有限公司) (002238.SZ) reported a net profit of 16.1 million yuan in the first quarter of 2023, up 14.6% year-on-year.

Meanwhile, the company posted 294.2 million yuan in revenue, down 13.1% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 41.2%.