Guangdong Chaohua Technology Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 234.1 million compared to CNY 563.06 million a year ago. Revenue was CNY 234.1 million compared to CNY 563.06 million a year ago.

Net loss was CNY 20.38 million compared to net income of CNY 28.01 million a year ago. Basic loss per share from continuing operations was CNY 0.0219 compared to basic earnings per share from continuing operations of CNY 0.0301 a year ago. Diluted loss per share from continuing operations was CNY 0.0219 compared to diluted earnings per share from continuing operations of CNY 0.0301 a year ago.