Semiconductor Tycoon Zhao Lixin's Fortune Declines by 17.57 Billion Yuan Over Three Years
2 week ago / Read about 0 minute
Author:小编   

Zhao Lixin, with a fortune of 14.11 billion yuan, was featured on the "2025 New Fortune 500 Wealth Creation List." However, his wealth has dwindled by 17.57 billion yuan since its peak in 2022. As the founder of GalaxyCore, Zhao Lixin's financial fortunes are inextricably tied to the company's performance. Over the past few years, GalaxyCore has experienced significant fluctuations in both revenue and net profit. Since its public listing in 2021, the company has witnessed two consecutive years of revenue decline, and while it showed signs of recovery in 2023, it has yet to regain its former levels. The company's net profit attributable to shareholders has also been on a rollercoaster ride, initially decreasing, then increasing, and ultimately turning into a loss. In the first quarter of this year, despite an increase in revenue, the company incurred losses, accompanied by rising inventories, accounts receivable, and short-term borrowings. To navigate these challenges, GalaxyCore aims to develop high-pixel products and venture into non-mobile phone sectors, aiming to boost gross profit margins and drive the company's transformation.