Tongyu Communication Inc.’s Net Profit Dropped 16.8% in First Half of 2023

Tongyu Communication Inc. (广东通宇通讯股份有限公司) (002792.SZ) reported a net profit of 41.9 million yuan in the first half of 2023, down 16.8% year-on-year.

Meanwhile, the company posted 543.2 million yuan in revenue, down 32.3% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 798 million yuan in total liabilities, with a liability-to-asset ratio of 22.2%.