Eastern Communications Co.,Ltd.’s Net Profit Rose 154.8% in First Half of 2023

Eastern Communications Co.,Ltd. (东方通信股份有限公司) (600776.SH) reported a net profit of 69.7 million yuan in the first half of 2023, up 154.8% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, down 6.2% year-on-year.

At the end of the reporting period, it had 4.2 billion yuan in total assets and 806.3 million yuan in total liabilities, with a liability-to-asset ratio of 19.2%.