Shenzhen Institute of Building Research Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 59.32 million compared to CNY 58.91 million a year ago. Revenue was CNY 59.32 million compared to CNY 58.91 million a year ago.

Net loss was CNY 38.52 million compared to CNY 22.44 million a year ago. Basic loss per share from continuing operations was CNY 0.2626 compared to CNY 0.153 a year ago. Diluted loss per share from continuing operations was CNY 0.2626 compared to CNY 0.153 a year ago.