Suzhou New Sea Union Telecom Technology Co.,Ltd.’s Net Profit Dropped 79.5% in First Three Quarters of 2023

Suzhou New Sea Union Telecom Technology Co.,Ltd. (新海宜科技集团股份有限公司) (002089.SZ) reported a net profit of 1.6 million yuan in the first three quarters of 2023, down 79.5% year-on-year.

Meanwhile, the company posted 74.1 million yuan in revenue, down 48.7% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 784.1 million yuan in total liabilities, with a liability-to-asset ratio of 44.5%.