Shanghai Fullhan Microelectronics Co.,Ltd.’s Net Profit Dropped 42.7% in First Quarter of 2023

Shanghai Fullhan Microelectronics Co.,Ltd. (上海富瀚微电子股份有限公司) (300613.SZ) reported a net profit of 53.3 million yuan in the first quarter of 2023, down 42.7% year-on-year.

Meanwhile, the company posted 415.7 million yuan in revenue, down 19.2% year-on-year.

At the end of the reporting period, it had 3.5 billion yuan in total assets and 913.9 million yuan in total liabilities, with a liability-to-asset ratio of 26.2%.