Guangbo Group Stock Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 419.63 million compared to CNY 637.63 million a year ago. Revenue was CNY 419.63 million compared to CNY 637.63 million a year ago. Net loss was CNY 14.96 million compared to net income of CNY 7.67 million a year ago. Basic loss per share from continuing operations was CNY 0.028 compared to basic earnings per share from continuing operations of CNY 0.0144 a year ago. Diluted loss per share from continuing operations was CNY 0.028 compared to diluted earnings per share from continuing operations of CNY 0.0144 a year ago.