Tongyu Communication Inc.’s Net Profit Dropped 16.5% in First Three Quarters of 2023

Tongyu Communication Inc. (广东通宇通讯股份有限公司) (002792.SZ) reported a net profit of 56.9 million yuan in the first three quarters of 2023, down 16.5% year-on-year.

Meanwhile, the company posted 858.5 million yuan in revenue, down 23.6% year-on-year.

At the end of the reporting period, it had 3.6 billion yuan in total assets and 784.8 million yuan in total liabilities, with a liability-to-asset ratio of 21.9%.