Hangzhou Silan Microelectronics Co.,Ltd.’s Net Profit Dropped 19.6% in First Quarter of 2023

Hangzhou Silan Microelectronics Co.,Ltd. (杭州士兰微电子股份有限公司) (600460.SH) reported a net profit of 214.4 million yuan in the first quarter of 2023, down 19.6% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, up 3.3% year-on-year.

At the end of the reporting period, it had 18.1 billion yuan in total assets and 9.3 billion yuan in total liabilities, with a liability-to-asset ratio of 51.3%.