VeriSilicon Microelectronics (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 318.13 million compared to CNY 539.37 million a year ago. Revenue was CNY 318.13 million compared to CNY 539.37 million a year ago.

Net loss was CNY 206.98 million compared to CNY 71.59 million a year ago. Basic loss per share from continuing operations was CNY 0.41 compared to CNY 0.14 a year ago. Diluted loss per share from continuing operations was CNY 0.41 compared to CNY 0.14 a year ago.