Shanghai Broadband Technology revenue plunges 65% amid restructuring

Shanghai Broadband Technology reported a 65% drop in operating revenue to 4.4 million yuan and a 95.81% decline in net profit to 34,922 yuan, attributed to business restructuring.

The company announced an extraordinary item of 348.6 million yuan in non-operating funds from former controlling shareholder Nanjing Sweet Group and affiliates. Shanghai Broadband Technology is pursuing public transfer of these claims to resolve historical issues.