Shantou Wanshun New Material Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,141.94 million compared to CNY 1,337.04 million a year ago. Revenue was CNY 1,141.94 million compared to CNY 1,337.04 million a year ago.

Net loss was CNY 4.86 million compared to net income of CNY 54.06 million a year ago. Basic loss per share from continuing operations was CNY 0.0053 compared to basic earnings per share from continuing operations of CNY 0.0791 a year ago. Diluted loss per share from continuing operations was CNY 0.0053 compared to diluted earnings per share from continuing operations of CNY 0.0657 a year ago.