Vantone Neo Development Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 126.9 million compared to CNY 66.04 million a year ago. Revenue was CNY 126.9 million compared to CNY 66.04 million a year ago.

Net loss was CNY 27.2 million compared to CNY 36.96 million a year ago. Basic loss per share from continuing operations was CNY 0.0145 compared to CNY 0.019 a year ago.