Newcapec Electronics Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 157.52 million compared to CNY 169.53 million a year ago. Revenue was CNY 157.52 million compared to CNY 169.53 million a year ago.

Net loss was CNY 15.19 million compared to CNY 18.03 million a year ago. Basic loss per share from continuing operations was CNY 0.0319 compared to CNY 0.0375 a year ago. Diluted loss per share from continuing operations was CNY 0.0319 compared to CNY 0.0375 a year ago.