Focused Photonics (Hangzhou), Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 519.46 million compared to CNY 502.36 million a year ago. Revenue was CNY 519.46 million compared to CNY 502.36 million a year ago.

Net loss was CNY 87.33 million compared to CNY 59.04 million a year ago. Basic loss per share from continuing operations was CNY 0.195 compared to CNY 0.133 a year ago. Diluted loss per share from continuing operations was CNY 0.195 compared to CNY 0.133 a year ago.