Xinlian Yuezhou’s performance has grown significantly

Xinlian Yuezhou's revenue in 2023 reached 1.56 billion yuan, a significant increase compared with 137 million yuan in 2022. However, due to high equipment depreciation and R&D expenditures, the company's net profit attributable to shareholders in 2023 will be -1.116 billion yuan, which has expanded from -700 million yuan in 2022. The company is mainly engaged in foundry business in the fields of power devices and other fields. Its main products include SiC MOSFET, silicon-based IGBT and silicon-based MOSFET.