Hangzhou Weiguang Electronic Co.,Ltd.’s Net Profit Dropped 3% in First Half of 2023

Hangzhou Weiguang Electronic Co.,Ltd. (杭州微光电子股份有限公司) (002801.SZ) reported a net profit of 157.4 million yuan in the first half of 2023, down 3% year-on-year.

Meanwhile, the company posted 650.9 million yuan in revenue, down 0.4% year-on-year.

At the end of the reporting period, it had 1.8 billion yuan in total assets and 224.8 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.