Maxscend Microelectronics Company Limited’s Net Profit Dropped 49.5% in 2022

Maxscend Microelectronics Company Limited (江苏卓胜微电子股份有限公司) (300782.SZ) reported a net profit of 1.1 billion yuan in 2022, down 49.5% year-on-year.

Meanwhile, the company posted 3.7 billion yuan in revenue, down 20.6% year-on-year.

At the end of the reporting period, it had 9.5 billion yuan in total assets and 818.6 million yuan in total liabilities, with a liability-to-asset ratio of 8.6%.