Memsensing Microsystems(Suzhou,China) Co.,Ltd. Posted 55 Million Yuan Net Loss in 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 55 million yuan in 2022, reversing a net profit of 13.4 million yuan for the previous year.

Meanwhile, the company posted 292.7 million yuan in revenue, down 16.8% year-on-year.

At the end of the reporting period, it had 1.2 billion yuan in total assets and 137.9 million yuan in total liabilities, with a liability-to-asset ratio of 11.8%.