Cambricon Technologies Corporation Limited Posted 298.1 Million Yuan Net Loss in First Quarter of 2022

Cambricon Technologies Corporation Limited (中科寒武纪科技股份有限公司) (688256.SH) reported a net loss of 298.1 million yuan in the first quarter of 2022, widening 45% year-on-year.

Meanwhile, the company posted 63 million yuan in revenue, up 74.3% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 829.3 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.