Kunshan Kersen Science & Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 523.08 million compared to CNY 920.68 million a year ago. Revenue was CNY 523.08 million compared to CNY 920.68 million a year ago.

Net loss was CNY 83.66 million compared to net income of CNY 5.88 million a year ago. Basic loss per share from continuing operations was CNY 0.1501 compared to basic earnings per share from continuing operations of CNY 0.0105 a year ago. Diluted loss per share from continuing operations was CNY 0.1501 compared to diluted earnings per share from continuing operations of CNY 0.0105 a year ago.