STOCKS | Sunmi Technology-W Swings To RMB 69.996 Million Interim Loss

Sunmi Technology-W (06810) reported an interim net loss of RMB 69.996 million for the six months ended June 30, compared with a net profit of RMB 15.93 million a year earlier, and did not declare an interim dividend, according to ETNet. Revenue rose 25.8% to RMB 1.762 billion, gross profit increased 26.4% to RMB 566 million, and gross margin edged up 0.1 percentage point to 32.1%. Administrative expenses doubled, while loss before tax widened to RMB 62.031 million.