Cambricon Technologies Corporation Limited Posted 262.6 Million Yuan Net Loss in First Quarter of 2023

Cambricon Technologies Corporation Limited (中科寒武纪科技股份有限公司) (688256.SH) reported a net loss of 262.6 million yuan in the first quarter of 2023, narrowing 11.9% year-on-year.

Meanwhile, the company posted 75.3 million yuan in revenue, up 19.5% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 662.6 million yuan in total liabilities, with a liability-to-asset ratio of 12.5%.