Hangzhou Silan Microelectronics Co.,Ltd. Posted 188 Million Yuan Net Loss in First Three Quarters of 2023

Hangzhou Silan Microelectronics Co.,Ltd. (杭州士兰微电子股份有限公司) (600460.SH) reported a net loss of 188 million yuan in the first three quarters of 2023, reversing a net profit of 761.5 million yuan for the same period in the previous year.

Meanwhile, the company posted 6.9 billion yuan in revenue, up 10.5% year-on-year.

At the end of the reporting period, it had 17.3 billion yuan in total assets and 8.9 billion yuan in total liabilities, with a liability-to-asset ratio of 51.6%.