Shanghai Shibei Hi-Tech Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 245.47 million compared to CNY 458.67 million a year ago. Revenue was CNY 245.47 million compared to CNY 458.67 million a year ago.

Net loss was CNY 39.78 million compared to net income of CNY 77.16 million a year ago. Basic loss per share from continuing operations was CNY 0.0212 compared to basic earnings per share from continuing operations of CNY 0.0412 a year ago. Diluted loss per share from continuing operations was CNY 0.0212 compared to diluted earnings per share from continuing operations of CNY 0.0412 a year ago.