China Satellite Communications Co.,Ltd.’s Net Profit Rose 7.4% in First Quarter of 2023

China Satellite Communications Co.,Ltd. (中国卫通集团股份有限公司) (601698.SH) reported a net profit of 174.8 million yuan in the first quarter of 2023, up 7.4% year-on-year.

Meanwhile, the company posted 596.6 million yuan in revenue, up 0.9% year-on-year.

At the end of the reporting period, it had 22.3 billion yuan in total assets and 3 billion yuan in total liabilities, with a liability-to-asset ratio of 13.4%.