Vanchip(Tianjin) Technology Co.,Ltd. Posted 70.2 Million Yuan Net Loss in First Half of 2023

Vanchip(Tianjin) Technology Co.,Ltd. (唯捷创芯(天津)电子技术股份有限公司) (688153.SH) reported a net loss of 70.2 million yuan in the first half of 2023, reversing a net profit of 26.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 890.9 million yuan in revenue, down 32.1% year-on-year.

At the end of the reporting period, it had 4.3 billion yuan in total assets and 482.6 million yuan in total liabilities, with a liability-to-asset ratio of 11.2%.