Shanghai Fudan Microelectronics Group Company Limited’s Net Profit Dropped 18.3% in First Quarter of 2023

Shanghai Fudan Microelectronics Group Company Limited (上海复旦微电子集团股份有限公司) (688385.SH) reported a net profit of 194.5 million yuan in the first quarter of 2023, down 18.3% year-on-year.

Meanwhile, the company posted 809.4 million yuan in revenue, up 4.3% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 1.6 billion yuan in total liabilities, with a liability-to-asset ratio of 22.7%.