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Full text of Longxin Zhongke\'s 2024 semi-annual report
Summary of Longxin Zhongke\'s 2024 Semi-Annual Report
Longxin Zhongke H1's net loss attributable to the parent company has doubled, but the sales of information technology products driven by 3A6000 have significantly recovered. The procurement of important customers for industrial control chips has stalled.
The financial report for the first half of 2024 released by Loongson Technology shows a revenue of 0.22 billion yuan, a year-on-year decrease of 28.68%, and a net income attributable to shareholders of -0.238 billion yuan, doubling the year-on-year loss. In addition, the revenue from Loongson's information technology chips in the first half of this year reached 0.109 billion yuan, an increase of 186.98% compared to the same period last year, surpassing the annual revenue of information technology chips from the previous year, indicating a high level of enthusiasm among downstream manufacturers for sales.
Loongson Technology (688047.SH) recorded a net loss of 0.238 billion yuan in the first half of the year, with chip sales revenue increasing and sustained high-intensity research and development investment.
Loongson Technology (688047.SH) released the 2024 interim report. During the reporting period, the company achieved revenue of 2...
Express News | Loongson Technology H1 Net Loss at 238.1 Mln Yuan
Loongson Technology (688047.SH): plans to temporarily idle raised funds of no more than 0.5 billion yuan (including principal) for cash management.
On August 13, Loongson Zhongke (688047.SH) announced that the company plans to use temporarily idle raised funds with a maximum balance of no more than CNY 0.5 billion (including principal) for cash management. The period of use is effective within 12 months from the date of approval by the board of directors. The amount can be used repeatedly within the validity period of the resolution.
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