Zongmu Technology has suffered losses for three consecutive years, with cumulative losses reaching 1.375 billion yuan

Zongmu Technology's loss in 2023 was 516 million yuan, an increase of about 8 percentage points from the previous year, and the cumulative loss in the past three years was 1.375 billion yuan. The main reasons for the loss were the increase in the procurement costs of raw materials and hardware components, as well as the continued large amount of research and development expenses.