Shenzhen Refond Optoelectronics Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 305.49 million compared to CNY 309.44 million a year ago. Revenue was CNY 305.49 million compared to CNY 309.44 million a year ago.

Net loss was CNY 15.75 million compared to CNY 3.63 million a year ago. Basic loss per share from continuing operations was CNY 0.023 compared to CNY 0.0053 a year ago. Diluted loss per share from continuing operations was CNY 0.023 compared to CNY 0.0053 a year ago.