Ingenic Semiconductor Co.,Ltd.’s Net Profit Dropped 52.1% in First Quarter of 2023

Ingenic Semiconductor Co.,Ltd. (北京君正集成电路股份有限公司) (300223.SZ) reported a net profit of 110.5 million yuan in the first quarter of 2023, down 52.1% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 24.4% year-on-year.

At the end of the reporting period, it had 12.4 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 8.5%.