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YanDong MicroElectronic Swings to Loss in H1; Shares Down 4%

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Beijing YanDong MicroElectronic (SHA:688172) posted a first-half attributable net loss of 434.6 million yuan, versus a profit of 127.6 million yuan the previous year.

Loss per share stood at 0.30 yuan, compared with earnings per share of 0.11 yuan, according to a Tuesday filing with the Shanghai bourse.

Operating revenue rose 48.5% year over year to 978.5 million yuan from 658.9 million yuan.

Shares of the integrated circuit manufacturer fell 4% in recent trade.

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