Xiamen XGMA Machinery Company Limited reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 296.91 million compared to CNY 466.6 million a year ago. Revenue was CNY 296.91 million compared to CNY 466.6 million a year ago. Net loss was CNY 1.91 million compared to net income of CNY 14.24 million a year ago. Basic loss per share from continuing operations was CNY 0.001 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago.