Xiamen XGMA Machinery Company Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 175.38 million compared to CNY 296.91 million a year ago. Revenue was CNY 175.38 million compared to CNY 296.91 million a year ago.

Net loss was CNY 9.23 million compared to CNY 0.428744 million a year ago. Basic loss per share from continuing operations was CNY 0.005.