Wuhan Yangtze Communication Industry Group Co.,Ltd.’s Net Profit Rose 28.4% in First Quarter of 2023

Wuhan Yangtze Communication Industry Group Co.,Ltd. (武汉长江通信产业集团股份有限公司) (600345.SH) reported a net profit of 29.1 million yuan in the first quarter of 2023, up 28.4% year-on-year.

Meanwhile, the company posted 32.2 million yuan in revenue, down 1.9% year-on-year.

At the end of the reporting period, it had 2.5 billion yuan in total assets and 287.1 million yuan in total liabilities, with a liability-to-asset ratio of 11.4%.