Tongyu Communication Inc.’s Net Profit Rose 70.9% in First Quarter of 2023

Tongyu Communication Inc. (广东通宇通讯股份有限公司) (002792.SZ) reported a net profit of 34.3 million yuan in the first quarter of 2023, up 70.9% year-on-year.

Meanwhile, the company posted 243.1 million yuan in revenue, down 39.8% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 743.1 million yuan in total liabilities, with a liability-to-asset ratio of 21%.