Nexchip Semiconductor Corporation Posted 65.5 Million Yuan Net Loss in First Three Quarters of 2023

Nexchip Semiconductor Corporation (合肥晶合集成电路股份有限公司) (688249.SH) reported a net loss of 65.5 million yuan in the first three quarters of 2023, reversing a net profit of 3.6 billion yuan for the same period in the previous year.

Meanwhile, the company posted 5 billion yuan in revenue, down 40.9% year-on-year.

At the end of the reporting period, it had 45.8 billion yuan in total assets and 18.1 billion yuan in total liabilities, with a liability-to-asset ratio of 39.5%.