Due to the continued impact of the European debt crisis, China Microelectronics' 2012 Q3 net profit dropped significantly by 80%.

China Microelectronics released its 2012 Q3 financial report. The company's third quarter operating income was 252.3 million yuan, down 17% from the same period of last year; the net profit attributable to shareholders of listed companies was 5.257 million yuan, down 81.66% from the same period of last year; The stock income was 0.008 yuan.

According to China Microelectronics, the net profit attributable to owners of the parent company decreased by 46.902 million yuan compared with the same period of the previous year, and the decrease ratio was 66.32%. The decrease was due to the continuous impact of the European debt crisis, and the semiconductor market demand recovered slowly. The product price decreased compared with the same period of last year, the insufficient capacity utilization rate led to a decrease in gross profit margin and the overall net profit fell.

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