Shenzhen Grandland Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 150.35 million compared to CNY 917.97 million a year ago. Revenue was CNY 150.35 million compared to CNY 917.97 million a year ago.

Net loss was CNY 143.2 million compared to CNY 77.08 million a year ago. Basic loss per share from continuing operations was CNY 0.09 compared to CNY 0.05 a year ago. Diluted loss per share from continuing operations was CNY 0.09 compared to CNY 0.05 a year ago.