Hillstone Networks Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 144.59 million compared to CNY 144.74 million a year ago. Revenue was CNY 144.59 million compared to CNY 144.74 million a year ago.

Net loss was CNY 87.46 million compared to CNY 71.71 million a year ago. Basic loss per share from continuing operations was CNY 0.4853 compared to CNY 0.3979 a year ago. Diluted loss per share from continuing operations was CNY 0.4853 compared to CNY 0.3979 a year ago.