SJSemi Reports 45.96% Year-on-Year Decline in Net Profit for the Third Quarter
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Author:小编   

SJSemi has released its financial results for the third quarter, revealing an operating revenue of RMB 1.713 billion, marking an 8.33% decrease compared to the same period last year. The net profit attributable to shareholders stood at RMB 186 million, experiencing a significant 45.96% drop year-on-year and a 27% decline from the previous quarter. For the cumulative period of the first three quarters, the operating revenue reached RMB 5.120 billion, showing a modest 1.45% increase year-on-year. However, the net profit attributable to shareholders for this period was RMB 636 million, reflecting an 18.48% decrease year-on-year. The primary reasons for these performance fluctuations stem from the constrained supply of essential materials, which led to a reduction in revenue. Additionally, the company's proactive efforts in capacity expansion have resulted in heightened depreciation expenses.