TH International Limited reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was CNY 272.51 million compared to CNY 213.65 million a year ago. Revenue was CNY 301.48 million compared to CNY 223.98 million a year ago. Net loss was CNY 223.87 million compared to CNY 138.33 million a year ago. Basic loss per share from continuing operations was CNY 1.61 compared to CNY 1.11 a year ago.
For the full year, sales was CNY 938.1 million compared to CNY 617.23 million a year ago. Revenue was CNY 1,011.06 million compared to CNY 643.37 million a year ago. Net loss was CNY 742.65 million compared to CNY 381.72 million a year ago. Basic loss per share from continuing operations was CNY 5.8 compared to CNY 3.14 a year ago.