Debao Property Development Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 23.55 million compared to CNY 52.5 million a year ago. Net loss was CNY 22.72 million compared to CNY 13.48 million a year ago.

Basic loss per share from continuing operations was CNY 0.320279 compared to CNY 0.173257 a year ago.