Cambricon Technologies Corporation Limited Posted 559.7 Million Yuan Net Loss in First Half 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 559.7 million yuan in the first half of 2023, narrowing 12.9% year-on-year.

Meanwhile, the company posted 114.5 million yuan in revenue, down 33.4% year-on-year.

At the end of the reporting period, it had 6.6 billion yuan in total assets and 483.4 million yuan in total liabilities, with a liability-to-asset ratio of 7.3%.