Hongbo Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 522 million compared to CNY 561.74 million a year ago. Revenue was CNY 545.64 million compared to CNY 574.43 million a year ago.

Net loss was CNY 75.07 million compared to net income of CNY 9.14 million a year ago. Basic loss per share from continuing operations was CNY 0.1522 compared to basic earnings per share from continuing operations of CNY 0.0185 a year ago.