TH International Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 310.45 million compared to CNY 211.05 million a year ago. Revenue was CNY 336.48 million compared to CNY 224.66 million a year ago.

Net loss was CNY 174.88 million compared to CNY 150.62 million a year ago. Basic loss per share from continuing operations was CNY 1.25 compared to CNY 1.21 a year ago.