Dongni Electronics' 2023 semi-annual report shows losses

Dongni Electronics' revenue in the first half of 2023 was 777.14 million yuan, and its net profit was a loss of 68.17 million yuan. Although the revenue of the semiconductor business increased significantly, the gross profit was not ideal due to the unstable product yield and high equipment debugging costs during the mass production ramp-up phase of 6-inch SiC substrates.