Hangzhou Zongheng Communication Co.,Ltd. Posted 8.3 Million Yuan Net Loss in First Quarter of 2023

Hangzhou Zongheng Communication Co.,Ltd. (杭州纵横通信股份有限公司) (603602.SH) reported a net loss of 8.3 million yuan in the first quarter of 2023, narrowing 27.5% year-on-year.

Meanwhile, the company posted 212.6 million yuan in revenue, up 12% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 822.3 million yuan in total liabilities, with a liability-to-asset ratio of 52.6%.