Wuxi Chipown Micro-Electronics Limited’s Net Profit Dropped 39.3% in First Three Quarters 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 78.3 million yuan in the first three quarters of 2022, down 39.3% year-on-year.

Meanwhile, the company posted 527.5 million yuan in revenue, down 1.5% year-on-year.

At the end of the reporting period, it had 1.6 billion yuan in total assets and 155.3 million yuan in total liabilities, with a liability-to-asset ratio of 9.6%.