TH International Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 390.8 million compared to CNY 290.01 million a year ago. Revenue was CNY 436.4 million compared to CNY 305.72 million a year ago. Net loss was CNY 160.6 million compared to CNY 194.38 million a year ago. Basic loss per share from continuing operations was CNY 1.01 compared to CNY 1.56 a year ago.
For the nine months, sales was CNY 1,063.88 million compared to CNY 665.59 million a year ago. Revenue was CNY 1,184.59 million compared to CNY 709.58 million a year ago. Net loss was CNY 564.17 million compared to CNY 518.78 million a year ago. Basic loss per share from continuing operations was CNY 3.75 compared to CNY 4.17 a year ago.