Shenzhen Hongtao Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 153.48 million compared to CNY 457.21 million a year ago. Revenue was CNY 153.48 million compared to CNY 457.21 million a year ago.

Net loss was CNY 117.31 million compared to CNY 79.58 million a year ago. Basic loss per share from continuing operations was CNY 0.0668 compared to CNY 0.0576 a year ago. Diluted loss per share from continuing operations was CNY 0.0668 compared to CNY 0.0576 a year ago.