Tianjin Futong Information Science&Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 151.64 million compared to CNY 281.89 million a year ago. Revenue was CNY 151.64 million compared to CNY 281.89 million a year ago.

Net loss was CNY 19.33 million compared to net income of CNY 3.35 million a year ago. Basic loss per share from continuing operations was CNY 0.016 compared to basic earnings per share from continuing operations of CNY 0.0028 a year ago. Diluted loss per share from continuing operations was CNY 0.016 compared to diluted earnings per share from continuing operations of CNY 0.0028 a year ago.