Shanghai Ace Investment&Development Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 587.92 million compared to CNY 707.22 million a year ago. Revenue was CNY 587.92 million compared to CNY 707.22 million a year ago.

Net loss was CNY 7.83 million compared to net income of CNY 57.47 million a year ago. Basic loss per share from continuing operations was CNY 0.0493 compared to basic earnings per share from continuing operations of CNY 0.362 a year ago. Diluted loss per share from continuing operations was CNY 0.0493 compared to diluted earnings per share from continuing operations of CNY 0.362 a year ago.