Shanghai Sinyang Semiconductor Materials Co.,Ltd. Posted 56.7 Million Yuan Net Profit in First Quarter of 2023

Shanghai Sinyang Semiconductor Materials Co.,Ltd. (上海新阳半导体材料股份有限公司) (300236.SZ) reported a net profit of 56.7 million yuan in the first quarter of 2023, reversing a net loss of 13.4 million yuan for the same period in the previous year.

Meanwhile, the company posted 260.9 million yuan in revenue, up 6.3% year-on-year.

At the end of the reporting period, it had 6.3 billion yuan in total assets and 1.5 billion yuan in total liabilities, with a liability-to-asset ratio of 24.4%.