Memsensing Microsystems(Suzhou,China) Co.,Ltd. Posted 20.8 Million Yuan Net Loss in First Quarter of 2023

Memsensing Microsystems(Suzhou,China) Co.,Ltd. (苏州敏芯微电子技术股份有限公司) (688286.SH) reported a net loss of 20.8 million yuan in the first quarter of 2023, widening 672.5% year-on-year.

Meanwhile, the company posted 65.6 million yuan in revenue, down 11.4% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 118.2 million yuan in total liabilities, with a liability-to-asset ratio of 10.5%.