Elec-Tech International Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 177.19 million compared to CNY 352.71 million a year ago. Revenue was CNY 177.19 million compared to CNY 352.71 million a year ago.

Net loss was CNY 42.27 million compared to CNY 50.95 million a year ago. Basic loss per share from continuing operations was CNY 0.0241 compared to CNY 0.0291 a year ago. Diluted loss per share from continuing operations was CNY 0.0241 compared to CNY 0.0291 a year ago.