China Satellite Communications Co.,Ltd.’s Net Profit Dropped 19.5% in First Three Quarters of 2023

China Satellite Communications Co.,Ltd. (中国卫通集团股份有限公司) (601698.SH) reported a net profit of 521.5 million yuan in the first three quarters of 2023, down 19.5% year-on-year.

Meanwhile, the company posted 1.9 billion yuan in revenue, down 2.9% year-on-year.

At the end of the reporting period, it had 23.4 billion yuan in total assets and 3.9 billion yuan in total liabilities, with a liability-to-asset ratio of 16.5%.