Rockchip Electronics Co.,Ltd. Posted 18.4 Million Yuan Net Loss in First Quarter of 2023

Rockchip Electronics Co.,Ltd. (瑞芯微电子股份有限公司) (603893.SH) reported a net loss of 18.4 million yuan in the first quarter of 2023, reversing a net profit of 84.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 329.4 million yuan in revenue, down 39.3% year-on-year.

At the end of the reporting period, it had 3.3 billion yuan in total assets and 426.3 million yuan in total liabilities, with a liability-to-asset ratio of 12.7%.