AVIT Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 21.23 million compared to CNY 42.85 million a year ago. Revenue was CNY 21.23 million compared to CNY 42.85 million a year ago. Net loss was CNY 12.41 million compared to net income of CNY 3.76 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.0091 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to diluted earnings per share from continuing operations of CNY 0.0091 a year ago.