Xinlian Integrated Circuit faces financial pressure, gross profit margin turns positive

Despite the growth in revenue of Xinlian Integrated Circuit, the company's overall losses are expanding. From 2021 to 2023, the net profit after deducting non-recurring items will be a loss of 1.395 billion yuan, 1.403 billion yuan and 2.262 billion yuan respectively. However, by the third quarter, the company's gross profit margin finally turned positive, reaching 6.16%.