Shanghai Sinyang Semiconductor Materials Co.,Ltd.’s Net Profit Rose 594% in First Three Quarters 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 115.3 million yuan in the first three quarters of 2023, up 594% year-on-year.

Meanwhile, the company posted 870.5 million yuan in revenue, down 0.8% year-on-year.

At the end of the reporting period, it had 5.8 billion yuan in total assets and 1.3 billion yuan in total liabilities, with a liability-to-asset ratio of 23%.