Nations Technologies Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 216.55 million compared to CNY 339.89 million a year ago. Revenue was CNY 216.55 million compared to CNY 339.89 million a year ago.

Net loss was CNY 84.21 million compared to net income of CNY 24.62 million a year ago. Basic loss per share from continuing operations was CNY 0.15 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago.