Tongfu Microelectronics Co.,Ltd.’s Net Profit Dropped 93.5% in First Quarter of 2023

Tongfu Microelectronics Co.,Ltd. (通富微电子股份有限公司) (002156.SZ) reported a net profit of 10.8 million yuan in the first quarter of 2023, down 93.5% year-on-year.

Meanwhile, the company posted 4.6 billion yuan in revenue, up 3.1% year-on-year.

At the end of the reporting period, it had 36 billion yuan in total assets and 21.5 billion yuan in total liabilities, with a liability-to-asset ratio of 59.6%.