Zbit Semiconductor,Inc. Posted 96.1 Million Yuan Net Loss in First Three Quarters of 2023

Zbit Semiconductor,Inc. (恒烁半导体(合肥)股份有限公司) (688416.SH) reported a net loss of 96.1 million yuan in the first three quarters of 2023, reversing a net profit of 46.6 million yuan for the same period in the previous year.

Meanwhile, the company posted 218 million yuan in revenue, down 37.7% year-on-year.

At the end of the reporting period, it had 1.7 billion yuan in total assets and 118.1 million yuan in total liabilities, with a liability-to-asset ratio of 6.8%.