Shanxi Huayang New Material Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 87.07 million compared to CNY 98.47 million a year ago. Revenue was CNY 87.07 million compared to CNY 98.47 million a year ago.

Net loss was CNY 28.63 million compared to net income of CNY 2.74 million a year ago. Basic loss per share from continuing operations was CNY 0.0557 compared to basic earnings per share from continuing operations of CNY 0.0053 a year ago. Diluted loss per share from continuing operations was CNY 0.0557 compared to diluted earnings per share from continuing operations of CNY 0.0053 a year ago.