Jingmen Semiconductor (02878) announced its 2023 results. Shipment volume increased 7.4% year over year to about 336 million units...
According to the Zhitong Finance App, Jingmen Semiconductor (02878) announced its 2023 results. Shipment volume increased 7.4% year on year to about 336 million units, sales fell 19.8% to US$153 million, net profit attributable to company owners was US$19.443 million, down 30.14% year on year; profit per share was 0.8 US cents.
According to the announcement, the main reason for the decline in profit was a decrease in sales revenue, which was mainly due to a drop in the average selling price of the Group's products. The Group will continue to strictly control expenses to maintain stable profits.