Guangzhou Pearl River Development Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 2,113.28 million compared to CNY 371.28 million a year ago. Revenue was CNY 2,113.28 million compared to CNY 371.28 million a year ago.

Net loss was CNY 51.12 million compared to CNY 115.61 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to CNY 0.14 a year ago. Diluted loss per share from continuing operations was CNY 0.06 compared to CNY 0.14 a year ago.