Zhejiang Runyang New Material Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 65.63 million compared to CNY 118.91 million a year ago. Revenue was CNY 65.63 million compared to CNY 118.91 million a year ago.

Net loss was CNY 3.09 million compared to net income of CNY 17.3 million a year ago. Basic loss per share from continuing operations was CNY 0.0309 compared to basic earnings per share from continuing operations of CNY 0.173 a year ago. Diluted loss per share from continuing operations was CNY 0.0309 compared to diluted earnings per share from continuing operations of CNY 0.173 a year ago.