Memsensing Microsystems(Suzhou,China) Co.,Ltd. Posted 19 Million Yuan Net Loss in First Three Quarters of 2022

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 19 million yuan in the first three quarters of 2022, reversing a net profit of 9.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 218 million yuan in revenue, down 17.2% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 48.7 million yuan in total liabilities, with a liability-to-asset ratio of 4.3%.