Hangzhou Sdic Microelectronics Inc.’s Net Profit Dropped 87.6% in First Quarter of 2023

Hangzhou Sdic Microelectronics Inc. (杭州晶华微电子股份有限公司) (688130.SH) reported a net profit of 3 million yuan in the first quarter of 2023, down 87.6% year-on-year.

Meanwhile, the company posted 29.3 million yuan in revenue, down 45.5% year-on-year.

At the end of the reporting period, it had 1.3 billion yuan in total assets and 9.2 million yuan in total liabilities, with a liability-to-asset ratio of 0.7%.