Sihai network

Wuhan Science and technology Yangtze River Communication's net profit fell 52% in the first three qu

Recently, Changjiang Communication (600345. SH) reported in the first three quarters of 2019 that its operating revenue was 137642521.42 yuan, an increase of 15.05% year on year; its net profit attributable to shareholders of listed companies was 102888872.57 yuan, a decrease of 52.27% year on year.

Financial reports show that the company's financial indicators such as monetary funds, notes payable and inventory fluctuated significantly year on year. Among them, monetary funds decreased by 31.82% compared with the beginning of the period; receivables increased by 57.51% compared with the beginning of the period; prepayments decreased by 64.95% compared with the beginning of the period; inventories increased by 128.81% compared with the beginning of the period; notes payable increased by 1532.46% compared with the beginning of the period; prepayments decreased by 72.83% compared with the beginning of the period.

The semi annual report of 2019 issued by Changjiang Communication (600345) recently shows that during the reporting period, the revenue was 80.5541 million yuan, an increase of 15.26% year on year; the net profit attributable to shareholders of listed companies was 70.5793 million yuan, a decrease of 50.93% year on year.

According to the public data, Yangtze River Communication faces the needs of government departments, industry (enterprise) users and the public for satellite (Beidou) navigation application and industry informatization. In the vertical subdivisions of intelligent transportation, intelligent logistics, intelligent shipping and other fields, with satellite (Beidou) navigation and location service technology as the core, it integrates the Internet of things, mobile Internet, cloud computing, big data and other aspects To provide sales, system integration and operation services of intelligent application products and solutions. The company's main products include intelligent terminals (Beidou Positioning Terminal, video monitoring terminal, mobile communication terminal), management platform and information application software.