Shenzhen Microgate Technology Co.,Ltd.’s Net Profit Rose 7.5% in First Quarter of 2023

Shenzhen Microgate Technology Co.,Ltd. (深圳市麦捷微电子科技股份有限公司) (300319.SZ) reported a net profit of 51.5 million yuan in the first quarter of 2023, up 7.5% year-on-year.

Meanwhile, the company posted 671.9 million yuan in revenue, down 15.9% year-on-year.

At the end of the reporting period, it had 5.7 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 26%.