Wuxi Chipown Micro-Electronics Limited’s Net Profit Dropped 55.8% in 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 88.8 million yuan in 2022, down 55.8% year-on-year.

Meanwhile, the company posted 719.6 million yuan in revenue, down 4.5% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 249.8 million yuan in total liabilities, with a liability-to-asset ratio of 14.5%.