Shenzhen Universe Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 42.8 million compared to CNY 77 million a year ago. Revenue was CNY 42.8 million compared to CNY 77 million a year ago.

Net loss was CNY 18.65 million compared to CNY 34.1 million a year ago. Basic loss per share from continuing operations was CNY 0.1344 compared to CNY 0.2457 a year ago. Diluted loss per share from continuing operations was CNY 0.1344 compared to CNY 0.2457 a year ago.