Shanghai Sinyang Semiconductor Materials Co.,Ltd.’s Net Profit Rose 702.8% in First Half of 2023

Shanghai Sinyang Semiconductor Materials Co.,Ltd. (上海新阳半导体材料股份有限公司) (300236.SZ) reported a net profit of 87.6 million yuan in the first half of 2023, up 702.8% year-on-year.

Meanwhile, the company posted 551.8 million yuan in revenue, up 0.4% year-on-year.

At the end of the reporting period, it had 5.9 billion yuan in total assets and 1.4 billion yuan in total liabilities, with a liability-to-asset ratio of 23.4%.