Montage Technology Co.,Ltd.’s Net Profit Dropped 93.6% in First Quarter of 2023

Montage Technology Co.,Ltd. (澜起科技股份有限公司) (688008.SH) reported a net profit of 19.7 million yuan in the first quarter of 2023, down 93.6% year-on-year.

Meanwhile, the company posted 419.5 million yuan in revenue, down 53.4% year-on-year.

At the end of the reporting period, it had 10.5 billion yuan in total assets and 538.2 million yuan in total liabilities, with a liability-to-asset ratio of 5.1%.