Shanghai Bright Power Semiconductor Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 265.09 million compared to CNY 301.84 million a year ago. Revenue was CNY 265.09 million compared to CNY 301.84 million a year ago.

Net loss was CNY 60.02 million compared to CNY 11.48 million a year ago. Basic loss per share from continuing operations was CNY 0.95 compared to CNY 0.19 a year ago.