Shenzhen Microgate Technology Co.,Ltd.’s Net Profit Dropped 25.1% in First Three Quarters 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 179.7 million yuan in the first three quarters of 2022, down 25.1% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 2.8% year-on-year.

At the end of the reporting period, it had 5.6 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 28.9%.