Sg Micro Corp.’s Net Profit Dropped 89.2% in First Quarter of 2023

Sg Micro Corp. (圣邦微电子(北京)股份有限公司) (300661.SZ) reported a net profit of 27.9 million yuan in the first quarter of 2023, down 89.2% year-on-year.

Meanwhile, the company posted 513.3 million yuan in revenue, down 33.8% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 775.8 million yuan in total liabilities, with a liability-to-asset ratio of 18.1%.