Wuhan Yangtze Communication Industry Group Co.,Ltd.’s Net Profit Dropped 17% in First Three Quarters of 2023

Wuhan Yangtze Communication Industry Group Co.,Ltd. (武汉长江通信产业集团股份有限公司) (600345.SH) reported a net profit of 106.7 million yuan in the first three quarters of 2023, down 17% year-on-year.

Meanwhile, the company posted 69.4 million yuan in revenue, down 59.4% year-on-year.

At the end of the reporting period, it had 2.7 billion yuan in total assets and 320.9 million yuan in total liabilities, with a liability-to-asset ratio of 11.7%.