Shanghai Guao Electronic Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 28.053 million compared to CNY 38.372 million a year ago. Operating loss was CNY 11.887 million compared to CNY 8.289 million a year ago. Net loss was CNY 11.741 million compared to CNY 8.080 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to CNY 0.04 a year ago.