China Resources Microelectronics Limited’s Net Profit Dropped 38.9% in First Quarter of 2023

China Resources Microelectronics Limited (华润微电子有限公司) (688396.SH) reported a net profit of 372.6 million yuan in the first quarter of 2023, down 38.9% year-on-year.

Meanwhile, the company posted 2.3 billion yuan in revenue, down 6.7% year-on-year.

At the end of the reporting period, it had 27.5 billion yuan in total assets and 6.4 billion yuan in total liabilities, with a liability-to-asset ratio of 23.2%.