Pinming Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 59.4 million compared to CNY 67.97 million a year ago. Revenue was CNY 59.4 million compared to CNY 67.97 million a year ago.

Net loss was CNY 13.73 million compared to CNY 25.18 million a year ago. Basic loss per share from continuing operations was CNY 0.1724 compared to CNY 0.3172 a year ago. Diluted loss per share from continuing operations was CNY 0.1724 compared to CNY 0.3172 a year ago.