Shenzhen Microgate Technology Co.,Ltd.’s Net Profit Dropped 30.3% in First Quarter of 2022

Shenzhen Microgate Technology Co.,Ltd. (深圳市麦捷微电子科技股份有限公司) (300319.SZ) reported a net profit of 48 million yuan in the first quarter of 2022, down 30.3% year-on-year.

Meanwhile, the company posted 799.1 million yuan in revenue, up 19.2% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 1.7 billion yuan in total liabilities, with a liability-to-asset ratio of 30.5%.