Hubei Guochuang Hi-tech Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 227.22 million compared to CNY 405.13 million a year ago. Revenue was CNY 227.22 million compared to CNY 405.13 million a year ago.

Net loss was CNY 36.91 million compared to CNY 108.14 million a year ago. Basic loss per share from continuing operations was CNY 0.0403 compared to CNY 0.118 a year ago. Diluted loss per share from continuing operations was CNY 0.0403 compared to CNY 0.118 a year ago.