Shanghai Guao Electronic Technology Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 505.14 million compared to CNY 163.34 million a year ago. Revenue was CNY 525.34 million compared to CNY 173.5 million a year ago.

Net loss was CNY 61.8 million compared to net income of CNY 15.45 million a year ago. Basic loss per share from continuing operations was CNY 0.18 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 0.18 compared to diluted earnings per share from continuing operations of CNY 0.05 a year ago.