Chipsea Technologies(Shenzhen) Corp.,Ltd.’s Net Profit Dropped 97% in 2022

Chipsea Technologies(Shenzhen) Corp.,Ltd. (芯海科技(深圳)股份有限公司) (688595.SH) reported a net profit of 2.9 million yuan in 2022, down 97% year-on-year.

Meanwhile, the company posted 617.7 million yuan in revenue, down 6.3% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 603.7 million yuan in total liabilities, with a liability-to-asset ratio of 35.5%.