Piesat Information Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 275.01 million compared to CNY 195.35 million a year ago. Revenue was CNY 275.01 million compared to CNY 195.35 million a year ago.

Net loss was CNY 89.04 million compared to CNY 49.56 million a year ago. Basic loss per share from continuing operations was CNY 0.3429 compared to CNY 0.1929 a year ago.