Hytera Communications Corporation Limited Posted 76.4 Million Yuan Net Profit in First Half of 2023

Hytera Communications Corporation Limited (海能达通信股份有限公司) (002583.SZ) reported a net profit of 76.4 million yuan in the first half of 2023, reversing a net loss of 3.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 7.4% year-on-year.

At the end of the reporting period, it had 11.5 billion yuan in total assets and 5 billion yuan in total liabilities, with a liability-to-asset ratio of 43.5%.