Shenzhen SED Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 12,926.33 million compared to CNY 11,406.17 million a year ago. Revenue was CNY 12,926.33 million compared to CNY 11,406.17 million a year ago.

Net loss was CNY 56.57 million compared to CNY 124.87 million a year ago. Basic loss per share from continuing operations was CNY 0.0497 compared to CNY 0.1097 a year ago. Diluted loss per share from continuing operations was CNY 0.0497 compared to CNY 0.1097 a year ago.