Sensteed Hi-Tech Group reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,155.83 million compared to CNY 1,330.69 million a year ago. Revenue was CNY 1,155.83 million compared to CNY 1,330.69 million a year ago.

Net loss was CNY 197.11 million compared to net income of CNY 473.51 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.05 a year ago. Diluted loss per share from continuing operations was CNY 0.02 compared to diluted earnings per share from continuing operations of CNY 0.05 a year ago.