Xinlun New Materials Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 296.7 million compared to CNY 478.24 million a year ago. Revenue was CNY 302.8 million compared to CNY 500.07 million a year ago.

Net loss was CNY 246.98 million compared to CNY 91.15 million a year ago. Basic loss per share from continuing operations was CNY 0.2144 compared to CNY 0.0791 a year ago. Diluted loss per share from continuing operations was CNY 0.2144 compared to CNY 0.0791 a year ago.