Shanghai Awinic Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 384.48 million compared to CNY 595.23 million a year ago. Revenue was CNY 384.48 million compared to CNY 595.23 million a year ago.

Net loss was CNY 70.6 million compared to net income of CNY 57.51 million a year ago. Basic loss per share from continuing operations was CNY 0.3071 compared to basic earnings per share from continuing operations of CNY 0.25 a year ago. Diluted loss per share from continuing operations was CNY 0.3071 compared to diluted earnings per share from continuing operations of CNY 0.25 a year ago.