Hillstone Networks Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 788.99 million compared to CNY 1,017.65 million a year ago. Revenue was CNY 811.6 million compared to CNY 1,026.95 million a year ago.

Net loss was CNY 182.5 million compared to net income of CNY 75.53 million a year ago. Basic loss per share from continuing operations was CNY 1.0126 compared to basic earnings per share from continuing operations of CNY 0.4191 a year ago. Diluted loss per share from continuing operations was CNY 1.0126 compared to diluted earnings per share from continuing operations of CNY 0.4184 a year ago.