Montage Technology Co.,Ltd.’s Net Profit Dropped 76.6% in First Three Quarters of 2023

Montage Technology Co.,Ltd. (澜起科技股份有限公司) (688008.SH) reported a net profit of 234 million yuan in the first three quarters of 2023, down 76.6% year-on-year.

Meanwhile, the company posted 1.5 billion yuan in revenue, down 47.1% year-on-year.

At the end of the reporting period, it had 10.6 billion yuan in total assets and 484.8 million yuan in total liabilities, with a liability-to-asset ratio of 4.6%.