China Resources Microelectronics Limited’s Net Profit Dropped 43.2% in First Half of 2023

China Resources Microelectronics Limited (华润微电子有限公司) (688396.SH) reported a net profit of 761.8 million yuan in the first half of 2023, down 43.2% year-on-year.

Meanwhile, the company posted 5 billion yuan in revenue, down 2.3% year-on-year.

At the end of the reporting period, it had 27.8 billion yuan in total assets and 6 billion yuan in total liabilities, with a liability-to-asset ratio of 21.6%.