XinJiang Ba Yi Iron & Steel Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 4,008.91 million compared to CNY 5,096.06 million a year ago. Revenue was CNY 4,008.91 million compared to CNY 5,096.06 million a year ago.

Net loss was CNY 467.26 million compared to CNY 333.89 million a year ago. Basic loss per share from continuing operations was CNY 0.305 compared to CNY 0.218 a year ago. Diluted loss per share from continuing operations was CNY 0.305 compared to CNY 0.218 a year ago.