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Here's Why We're Not Too Worried About Cambricon Technologies' (SHSE:688256) Cash Burn Situation
Cambrian Technology (688256.SH): No share repurchase has been implemented.
On September 2, Geelong announced that as of August 31, 2024, the company has not yet implemented share repurchases.
2024 Semi-Annual Report
2024 Semi-Annual Report Summary
Cambrian (688256.SH): The net loss in the first half of the year was 0.53 billion yuan.
On August 30th, Gelonghui announced that in the first half of the year, the company achieved revenue of 64.7653 million yuan, a year-on-year decrease of 43.42%; the net income attributable to shareholders of the listed company was -0.53 billion yuan.
Express News | Cambricon Technologies Says H1 Net Loss at 530.1 Mln Yuan