Xinlun New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 152.74 million compared to CNY 288.32 million a year ago. Revenue was CNY 152.74 million compared to CNY 288.32 million a year ago.

Net loss was CNY 94.42 million compared to CNY 90.18 million a year ago. Basic loss per share from continuing operations was CNY 0.0819 compared to CNY 0.0783 a year ago. Diluted loss per share from continuing operations was CNY 0.0819 compared to CNY 0.0783 a year ago.