Shengyi Electronics Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 742.6 million compared to CNY 860.36 million a year ago. Revenue was CNY 742.6 million compared to CNY 860.36 million a year ago.

Net loss was CNY 4.01 million compared to net income of CNY 74.72 million a year ago.