AI Firm Cambricon Loses CNY 202 Million in 1H 2020
Chinese AI chip company Cambricon (688256:SH) realized revenues of CNY 87.20 million in the first half of 2020, decreasing by 11.01% from CNY 97.99 million recorded in the same period last year.
The company spent CNY 277.39 million on R&D, accounting for 318.1% of its revenues. The net loss was CNY 202 million, up from CNY 30.80 million in the first half of last year.
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