Asia Cuanon Technology (Shanghai) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 491.47 million compared to CNY 487.98 million a year ago. Revenue was CNY 491.47 million compared to CNY 487.98 million a year ago.

Net loss was CNY 15.96 million compared to CNY 38.04 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to CNY 0.0897 a year ago. Diluted loss per share from continuing operations was CNY 0.04 compared to CNY 0.0897 a year ago.