Nano Labs Ltd. Sponsored ADR Class A (NA) has released an update.
Nano Labs Ltd. reports a net loss of RMB59.1 million for the first half of 2024, showing improvement from the previous year’s RMB134.3 million loss, alongside a decline in net revenue. Despite this, the company sees potential growth through its Cuckoo 3.0 chip and Metaverse-related services. The company’s leaders express optimism for future sales boosts and are focused on enhancing chip production and AI development.
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