China Advanced Micro-Fabrication Equipment Inc.’s Net Profit Rose 135% in First Quarter of 2023

China Advanced Micro-Fabrication Equipment Inc. (中微半导体设备(上海)股份有限公司) (688012.SH) reported a net profit of 275 million yuan in the first quarter of 2023, up 135% year-on-year.

Meanwhile, the company posted 1.2 billion yuan in revenue, up 28.9% year-on-year.

At the end of the reporting period, it had 20.3 billion yuan in total assets and 4.5 billion yuan in total liabilities, with a liability-to-asset ratio of 22%.