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Unigroup Guoxin Microelectronics: Revenue and profit fell over 25% year-over-year amid weak specialty IC demand and rising impairments

Unigroup Guoxin Microelectronics: Revenue and profit fell over 25% year-over-year amid weak specialty IC demand and rising impairments

Unigroup Guoxin Microelectronics Co., Ltd. Class AOctober 30, 20243
Unigroup Guoxin Microelectronics: Revenue and profit fell over 25% year-over-year amid weak specialty IC demand and rising impairments

About this update from Unigroup Guoxin Microelectronics Co., Ltd. Class A

Q3 2024 revenue and net profit dropped sharply year-over-year due to weak demand in the specialty IC sector, with significant declines in both sales and profitability. Credit and asset impairment losses rose, and cash flow from operations decreased.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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