Suzhou Centec Communications Co.,Ltd. Posted 43.5 Million Yuan Net Profit in First Three Quarters of 2023

Suzhou Centec Communications Co.,Ltd. (苏州盛科通信股份有限公司) (688702.SH) reported a net profit of 43.5 million yuan in the first three quarters of 2023, reversing a net loss of 816,006 yuan for the same period in the previous year.

Meanwhile, the company posted 877.3 million yuan in revenue, up 58.7% year-on-year.

At the end of the reporting period, it had 4 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 38.7%.