Shandong Molong Petroleum Machinery Company Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 408.04 million compared to CNY 560.91 million a year ago. Revenue was CNY 408.04 million compared to CNY 560.91 million a year ago.

Net loss was CNY 87.1 million compared to CNY 67.31 million a year ago. Basic loss per share from continuing operations was CNY 0.1092 compared to CNY 0.0844 a year ago. Diluted loss per share from continuing operations was CNY 0.1092 compared to CNY 0.0844 a year ago.