Shanghai New Culture Media Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 11.53 million compared to CNY 25.59 million a year ago. Revenue was CNY 11.53 million compared to CNY 25.59 million a year ago.

Net loss was CNY 10.37 million compared to CNY 20.42 million a year ago. Basic loss per share from continuing operations was CNY 0.0129 compared to CNY 0.0253 a year ago. Diluted loss per share from continuing operations was CNY 0.0129 compared to CNY 0.0253 a year ago.