Zhejiang Wazam 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 757.89 million compared to CNY 836.98 million a year ago. Revenue was CNY 757.89 million compared to CNY 836.98 million a year ago.

Net loss was CNY 7.8 million compared to net income of CNY 30.82 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to basic earnings per share from continuing operations of CNY 0.22 a year ago. Diluted loss per share from continuing operations was CNY 0.05 compared to diluted earnings per share from continuing operations of CNY 0.2 a year ago.