Shanghai Will Semiconductor Co.,Ltd.’s Net Profit Dropped 93.5% in First Half of 2023

Shanghai Will Semiconductor Co.,Ltd. (上海韦尔半导体股份有限公司) (603501.SH) reported a net profit of 147.7 million yuan in the first half of 2023, down 93.5% year-on-year.

Meanwhile, the company posted 8.9 billion yuan in revenue, down 20% year-on-year.

At the end of the reporting period, it had 37.5 billion yuan in total assets and 18.5 billion yuan in total liabilities, with a liability-to-asset ratio of 49.4%.