Hoshine Silicon Industry Co.,Ltd.’s Net Profit Dropped 51.5% in First Quarter of 2023

Hoshine Silicon Industry Co.,Ltd. (合盛硅业股份有限公司) (603260.SH) reported a net profit of 1 billion yuan in the first quarter of 2023, down 51.5% year-on-year.

Meanwhile, the company posted 5.7 billion yuan in revenue, down 10.3% year-on-year.

At the end of the reporting period, it had 66.4 billion yuan in total assets and 34.4 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.