Shanghai Hongda New Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 54.8 million compared to CNY 92.65 million a year ago. Revenue was CNY 54.8 million compared to CNY 92.65 million a year ago.

Net loss was CNY 3.46 million compared to CNY 10.62 million a year ago. Basic loss per share from continuing operations was CNY 0.008 compared to CNY 0.0246 a year ago. Diluted loss per share from continuing operations was CNY 0.008 compared to CNY 0.0246 a year ago.