Hengbao Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 171.34 million compared to CNY 196.7 million a year ago. Revenue was CNY 171.34 million compared to CNY 196.7 million a year ago. Net loss was CNY 5.05 million compared to net income of CNY 2.36 million a year ago. Basic loss per share from continuing operations was CNY 0.0072 compared to basic earnings per share from continuing operations of CNY 0.0034 a year ago. Diluted loss per share from continuing operations was CNY 0.0072 compared to diluted earnings per share from continuing operations of CNY 0.0034 a year ago.