Apr 28, 2022 08:00 AM

Memsensing Microsystems(Suzhou,China) Co.,Ltd. Posted 2.7 Million Yuan Net Loss in First Quarter of 2022

By Caixin Automation

Memsensing Microsystems(Suzhou,China) Co.,Ltd. (苏州敏芯微电子技术股份有限公司) (688286.SH) reported a net loss of 2.7 million yuan in the first quarter of 2022, reversing a net profit of 4.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 74 million yuan in revenue, down 15.8% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 51.1 million yuan in total liabilities, with a liability-to-asset ratio of 4.5%.

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