Loongson Technology Corporation Limited Posted 103.8 Million Yuan Net Loss in First Half of 2023

Loongson Technology Corporation Limited (龙芯中科技术股份有限公司) (688047.SH) reported a net loss of 103.8 million yuan in the first half of 2023, reversing a net profit of 88.8 million yuan for the same period in the previous year.

Meanwhile, the company posted 307.9 million yuan in revenue, down 11.4% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 507.9 million yuan in total liabilities, with a liability-to-asset ratio of 11.8%.