Hangzhou Zongheng Communication Co.,Ltd.’s Net Profit Rose 80.4% in First Three Quarters 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 27.6 million yuan in the first three quarters of 2023, up 80.4% year-on-year.

Meanwhile, the company posted 878.7 million yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 828.9 million yuan in total liabilities, with a liability-to-asset ratio of 51.9%.