Kangda New Materials (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 630.94 million compared to CNY 598.66 million a year ago. Revenue was CNY 630.94 million compared to CNY 598.66 million a year ago.

Net loss was CNY 14.85 million compared to CNY 10.4 million a year ago. Basic loss per share from continuing operations was CNY 0.049 compared to CNY 0.041 a year ago. Diluted loss per share from continuing operations was CNY 0.049 compared to CNY 0.041 a year ago.