Maxscend Microelectronics Company Limited’s Net Profit Dropped 74.7% in First Quarter of 2023

Maxscend Microelectronics Company Limited (江苏卓胜微电子股份有限公司) (300782.SZ) reported a net profit of 116.1 million yuan in the first quarter of 2023, down 74.7% year-on-year.

Meanwhile, the company posted 711.7 million yuan in revenue, down 46.5% year-on-year.

At the end of the reporting period, it had 9.8 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 10.4%.