Tianjin 712 Communication&Broadcasting Co.,Ltd.’s Net Profit Rose 40.1% in First Quarter of 2023

Tianjin 712 Communication&Broadcasting Co.,Ltd. (天津七一二通信广播股份有限公司) (603712.SH) reported a net profit of 28.5 million yuan in the first quarter of 2023, up 40.1% year-on-year.

Meanwhile, the company posted 472.4 million yuan in revenue, up 15.3% year-on-year.

At the end of the reporting period, it had 9.6 billion yuan in total assets and 5.2 billion yuan in total liabilities, with a liability-to-asset ratio of 54.3%.