Cetc Chips Technology Inc.’s Net Profit Dropped 30.4% in First Half of 2023

Cetc Chips Technology Inc. (中电科芯片技术股份有限公司) (600877.SH) reported a net profit of 54 million yuan in the first half of 2023, down 30.4% year-on-year.

Meanwhile, the company posted 567.3 million yuan in revenue, down 18.3% year-on-year.

At the end of the reporting period, it had 2.8 billion yuan in total assets and 546.5 million yuan in total liabilities, with a liability-to-asset ratio of 19.8%.