Montage Technology Co.,Ltd.’s Net Profit Dropped 88% in First Half of 2023

Montage Technology Co.,Ltd. (澜起科技股份有限公司) (688008.SH) reported a net profit of 81.9 million yuan in the first half of 2023, down 88% year-on-year.

Meanwhile, the company posted 927.6 million yuan in revenue, down 51.9% year-on-year.

At the end of the reporting period, it had 10.9 billion yuan in total assets and 813.2 million yuan in total liabilities, with a liability-to-asset ratio of 7.4%.