Giantec Semiconductor Corporation’s Net Profit Dropped 72.9% in First Three Quarters of 2023

Giantec Semiconductor Corporation (聚辰半导体股份有限公司) (688123.SH) reported a net profit of 68.7 million yuan in the first three quarters of 2023, down 72.9% year-on-year.

Meanwhile, the company posted 501.7 million yuan in revenue, down 30.1% year-on-year.

At the end of the reporting period, it had 2 billion yuan in total assets and 97.5 million yuan in total liabilities, with a liability-to-asset ratio of 4.9%.