Guangdong Guanghua Sci-Tech Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 654.56 million compared to CNY 760.21 million a year ago. Revenue was CNY 654.56 million compared to CNY 760.21 million a year ago.

Net loss was CNY 188.43 million compared to net income of CNY 35.3 million a year ago. Basic loss per share from continuing operations was CNY 0.473 compared to basic earnings per share from continuing operations of CNY 0.0898 a year ago.