Sunwave Communications Co.,Ltd.’s Net Profit Rose 62.5% in First Quarter of 2023

Sunwave Communications Co.,Ltd. (三维通信股份有限公司) (002115.SZ) reported a net profit of 29.7 million yuan in the first quarter of 2023, up 62.5% year-on-year.

Meanwhile, the company posted 3.4 billion yuan in revenue, up 39.5% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 2.1 billion yuan in total liabilities, with a liability-to-asset ratio of 46.4%.