Queclink Wireless Solutions Co.,Ltd.’s Net Profit Dropped 29.4% in First Three Quarters of 2023

Queclink Wireless Solutions Co.,Ltd. (上海移为通信技术股份有限公司) (300590.SZ) reported a net profit of 98.2 million yuan in the first three quarters of 2023, down 29.4% year-on-year.

Meanwhile, the company posted 651.3 million yuan in revenue, down 10.7% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 257.7 million yuan in total liabilities, with a liability-to-asset ratio of 12.9%.