Wuxi Chipown Micro-Electronics Limited’s Net Profit Dropped 19.7% in First Half of 2023

Wuxi Chipown Micro-Electronics Limited (无锡芯朋微电子股份有限公司) (688508.SH) reported a net profit of 46.6 million yuan in the first half of 2023, down 19.7% year-on-year.

Meanwhile, the company posted 384.3 million yuan in revenue, up 2.4% year-on-year.

At the end of the reporting period, it had 1.9 billion yuan in total assets and 392.1 million yuan in total liabilities, with a liability-to-asset ratio of 20.7%.