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Moore Threads' Attributable Loss Narrows in H1; Shares Down 3%

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Moore Threads Technology's (SHA:688795) attributable loss narrowed to 11.6 million yuan in the first half from 270.9 million yuan in the year-ago period, according to a Monday filing with the Shanghai Stock Exchange.

Shares of the company declined over 3% in late-morning trade Monday.

The graphics processing unit manufacturer logged a loss per share of 0.02 yuan, narrowing from 0.68 yuan in the prior-year period.

Operating revenue grew 147% year over year to 1.74 billion yuan from 701.8 million yuan.

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