Eastern Communications Co.,Ltd.’s Net Profit Rose 169.2% in First Quarter of 2023

Eastern Communications Co.,Ltd. (东方通信股份有限公司) (600776.SH) reported a net profit of 12.8 million yuan in the first quarter of 2023, up 169.2% year-on-year.

Meanwhile, the company posted 601.1 million yuan in revenue, down 2% year-on-year.

At the end of the reporting period, it had 4.1 billion yuan in total assets and 682.2 million yuan in total liabilities, with a liability-to-asset ratio of 16.7%.