Semiconductor Manufacturing Electronics(Shaoxing) Corporation Posted 2 Billion Yuan Net Loss in First Three Quarters of 2023

Semiconductor Manufacturing Electronics(Shaoxing) Corporation (绍兴中芯集成电路制造股份有限公司) (688469.SH) reported a net loss of 2 billion yuan in the first three quarters of 2023, widening 62.8% year-on-year.

Meanwhile, the company posted 3.8 billion yuan in revenue, up 21.3% year-on-year.

At the end of the reporting period, it had 34.8 billion yuan in total assets and 18 billion yuan in total liabilities, with a liability-to-asset ratio of 51.8%.