Tianma Microelectronics Co.,Ltd. Posted 1.4 Billion Yuan Net Loss in First Half of 2023

Tianma Microelectronics Co.,Ltd. (天马微电子股份有限公司) (000050.SZ) reported a net loss of 1.4 billion yuan in the first half of 2023, reversing a net profit of 371 million yuan for the same period in the previous year.

Meanwhile, the company posted 16 billion yuan in revenue, up 1.7% year-on-year.

At the end of the reporting period, it had 82.5 billion yuan in total assets and 53.2 billion yuan in total liabilities, with a liability-to-asset ratio of 64.5%.