Loongson Technology Corporation Limited’s Net Profit Dropped 78.1% in 2022

Loongson Technology Corporation Limited (龙芯中科技术股份有限公司) (688047.SH) reported a net profit of 51.8 million yuan in 2022, down 78.1% year-on-year.

Meanwhile, the company posted 738.7 million yuan in revenue, down 38.5% year-on-year.

At the end of the reporting period, it had 4.4 billion yuan in total assets and 477.8 million yuan in total liabilities, with a liability-to-asset ratio of 10.9%.