Shanghai Shibei Hi-Tech Co.,Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 524.8 million compared to CNY 649.49 million a year ago. Revenue was CNY 526.03 million compared to CNY 663.97 million a year ago.

Net loss was CNY 27.11 million compared to net income of CNY 4.35 million a year ago. Basic loss per share from continuing operations was CNY 0.0145 compared to basic earnings per share from continuing operations of CNY 0.0023 a year ago. Diluted loss per share from continuing operations was CNY 0.0145 compared to diluted earnings per share from continuing operations of CNY 0.0023 a year ago.