Wuxi Chipown Micro-Electronics Limited’s Net Profit Dropped 41.9% in First Quarter of 2023

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 19.5 million yuan in the first quarter of 2023, down 41.9% year-on-year.

Meanwhile, the company posted 187.1 million yuan in revenue, up 1% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 204.4 million yuan in total liabilities, with a liability-to-asset ratio of 12%.