Maxscend Microelectronics Company Limited’s Net Profit Dropped 51.3% in First Half of 2023

Maxscend Microelectronics Company Limited (江苏卓胜微电子股份有限公司) (300782.SZ) reported a net profit of 366.2 million yuan in the first half of 2023, down 51.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, down 25.5% year-on-year.

At the end of the reporting period, it had 10 billion yuan in total assets and 1 billion yuan in total liabilities, with a liability-to-asset ratio of 10.2%.