Shanghai Hongda New Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 92.65 million compared to CNY 120.73 million a year ago. Revenue was CNY 92.65 million compared to CNY 120.73 million a year ago. Net loss was CNY 10.62 million compared to CNY 4.87 million a year ago. Basic loss per share from continuing operations was CNY 0.0246 compared to CNY 0.0113 a year ago. Diluted loss per share from continuing operations was CNY 0.0246 compared to CNY 0.0113 a year ago.