Anhui Sinonet & Xinlong Science & Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 493.48 million compared to CNY 781.97 million a year ago. Revenue was CNY 493.48 million compared to CNY 781.97 million a year ago.

Net loss was CNY 26.37 million compared to net income of CNY 66.8 million a year ago. Basic loss per share from continuing operations was CNY 0.0368 compared to basic earnings per share from continuing operations of CNY 0.0931 a year ago. Diluted loss per share from continuing operations was CNY 0.0368 compared to diluted earnings per share from continuing operations of CNY 0.0931 a year ago.