Beijing SinoHytec Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 48.37 million compared to CNY 97.06 million a year ago. Revenue was CNY 48.37 million compared to CNY 97.06 million a year ago.

Net loss was CNY 38.63 million compared to CNY 23.34 million a year ago. Basic loss per share from continuing operations was CNY 0.25 compared to CNY 0.1643 a year ago. Diluted loss per share from continuing operations was CNY 0.25 compared to CNY 0.1643 a year ago.