Qingdao Zhongzi Zhongcheng Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 134.3 million compared to CNY 306.19 million a year ago. Revenue was CNY 134.3 million compared to CNY 306.19 million a year ago. Net loss was CNY 58.25 million compared to CNY 3.39 million a year ago. Basic loss per share from continuing operations was CNY 0.0777 compared to CNY 0.0045 a year ago. Diluted loss per share from continuing operations was CNY 0.0777 compared to CNY 0.0045 a year ago.