Baota Industry Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 232.59 million compared to CNY 164.11 million a year ago. Revenue was CNY 250.41 million compared to CNY 174.77 million a year ago.

Net loss was CNY 89.83 million compared to CNY 177.3 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to CNY 0.16 a year ago. Diluted loss per share from continuing operations was CNY 0.08 compared to CNY 0.16 a year ago.