Baota Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 45.54 million compared to CNY 36.98 million a year ago. Revenue was CNY 45.54 million compared to CNY 36.98 million a year ago. Net loss was CNY 13.17 million compared to CNY 16.49 million a year ago. Basic loss per share from continuing operations was CNY 0.01 compared to CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.01 compared to CNY 0.01 a year ago.