Tianyu Semiconductor's revenue and gross profit continue to grow

Tianyu Semiconductor's revenue increased from RMB 155 million in 2021 to RMB 437 million in 2022, and further increased to RMB 1.171 billion in 2023. At the same time, the company's gross profit also increased from RMB 24.2 million in 2021 to RMB 87.5 million in 2022, and further increased to RMB 217 million in 2023, with a compound annual growth rate of 199.2%.