Wuxi Chipown Micro-Electronics Limited’s Net Profit Dropped 17.4% in First Half of 2022

Wuxi Chipown Micro-Electronics Limited (无锡芯朋微电子股份有限公司) (688508.SH) reported a net profit of 58 million yuan in the first half of 2022, down 17.4% year-on-year.

Meanwhile, the company posted 375.4 million yuan in revenue, up 15% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 175.7 million yuan in total liabilities, with a liability-to-asset ratio of 10.7%.