Jinhui Shipping and Transportation Limited reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 29.62 million compared to USD 42.58 million a year ago. Net loss was USD 46.75 million compared to net income of USD 84.06 million a year ago. Basic loss per share from continuing operations was USD 0.428 compared to basic earnings per share from continuing operations of USD 0.769 a year ago. Diluted loss per share from continuing operations was USD 0.428 compared to diluted earnings per share from continuing operations of USD 0.769 a year ago.

For the full year, the company reported sales was USD 152.47 million compared to USD 131.07 million a year ago. Net loss was USD 7.11 million compared to net income of USD 194.2 million a year ago. Basic loss per share from continuing operations was USD 0.065 compared to basic earnings per share from continuing operations of USD 1.777 a year ago. Diluted loss per share from continuing operations was USD 0.065 compared to diluted earnings per share from continuing operations of USD 1.777 a year ago.