Palm Eco-Town Development Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 868.28 million compared to CNY 553.03 million a year ago. Revenue was CNY 868.28 million compared to CNY 553.03 million a year ago.

Net loss was CNY 88.45 million compared to CNY 187.61 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to CNY 0.13 a year ago. Diluted loss per share from continuing operations was CNY 0.05 compared to CNY 0.13 a year ago.