Hongbo Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 143.85 million compared to CNY 118.93 million a year ago. Revenue was CNY 143.85 million compared to CNY 118.93 million a year ago.

Net loss was CNY 18.25 million compared to CNY 12.79 million a year ago. Basic loss per share from continuing operations was CNY 0.037 compared to CNY 0.0259 a year ago.