Giantec Semiconductor Corporation’s Net Profit Dropped 68.2% in First Quarter of 2023

Giantec Semiconductor Corporation (聚辰半导体股份有限公司) (688123.SH) reported a net profit of 17.9 million yuan in the first quarter of 2023, down 68.2% year-on-year.

Meanwhile, the company posted 143.3 million yuan in revenue, down 28.6% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 105.2 million yuan in total liabilities, with a liability-to-asset ratio of 5.2%.