Hangzhou Zongheng Communication Co.,Ltd.’s Net Profit Rose 42% in First Half of 2023

Hangzhou Zongheng Communication Co.,Ltd. (杭州纵横通信股份有限公司) (603602.SH) reported a net profit of 9.4 million yuan in the first half of 2023, up 42% year-on-year.

Meanwhile, the company posted 528.5 million yuan in revenue, down 1.4% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 821.6 million yuan in total liabilities, with a liability-to-asset ratio of 52.3%.