Qingdao Victall Railway Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 123.39 million compared to CNY 75.83 million a year ago. Revenue was CNY 123.39 million compared to CNY 75.83 million a year ago.

Net loss was CNY 40.28 million compared to CNY 54.23 million a year ago. Basic loss per share from continuing operations was CNY 0.1 compared to CNY 0.14 a year ago.