Chipsea Technologies(Shenzhen) Corp.,Ltd. Posted 69.9 Million Yuan Net Loss in First Half of 2023

Chipsea Technologies(Shenzhen) Corp.,Ltd. (芯海科技(深圳)股份有限公司) (688595.SH) reported a net loss of 69.9 million yuan in the first half of 2023, reversing a net profit of 16.1 million yuan for the same period in the previous year.

Meanwhile, the company posted 157.8 million yuan in revenue, down 53.3% year-on-year.

At the end of the reporting period, it had 1.5 billion yuan in total assets and 469.3 million yuan in total liabilities, with a liability-to-asset ratio of 31.4%.