Wuhan Yangtze Communication Industry Group Co.,Ltd.’s Net Profit Dropped 5.3% in First Half of 2023

Wuhan Yangtze Communication Industry Group Co.,Ltd. (武汉长江通信产业集团股份有限公司) (600345.SH) reported a net profit of 70.6 million yuan in the first half of 2023, down 5.3% year-on-year.

Meanwhile, the company posted 58.6 million yuan in revenue, down 53.7% year-on-year.

At the end of the reporting period, it had 2.6 billion yuan in total assets and 337.3 million yuan in total liabilities, with a liability-to-asset ratio of 13%.