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Loongson: The first independent graphics card chip will complete code freeze at the end of the year, and will accelerate its development through mergers and acquisitions, etc. | Earnings conference
① The director of the company revealed that it is expected to enter a new round of growth in the second half of 2024 and enter a new round of expansion in 2025. ② The display performance of 9A1000 is overall on par with the RX550 graphics card, with an additional 32TOPS AI computing power. The company strives to complete the physical design by the end of the year. ③ It is expected that within 2 to 3 years, more than 10 companies will launch SoC chip products based on the Dragon architecture.
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 (SHSE:688047) Has Debt But No Earnings; Should You Worry?No Data
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