Tangel Culture Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 52.53 million compared to CNY 73.45 million a year ago. Revenue was CNY 52.53 million compared to CNY 73.45 million a year ago.

Net loss was CNY 4.08 million compared to CNY 5.88 million a year ago. Basic loss per share from continuing operations was CNY 0.005 compared to CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.005 compared to CNY 0.01 a year ago.