Suzhou Convert Semiconductor Co.,Ltd.’s Net Profit Dropped 49.3% in First Three Quarters of 2023

Suzhou Convert Semiconductor Co.,Ltd. (苏州锴威特半导体股份有限公司) (688693.SH) reported a net profit of 21.8 million yuan in the first three quarters of 2023, down 49.3% year-on-year.

Meanwhile, the company posted 163.3 million yuan in revenue, down 6.9% year-on-year.

At the end of the reporting period, it had 1.1 billion yuan in total assets and 75.6 million yuan in total liabilities, with a liability-to-asset ratio of 6.9%.