Souyute Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 526.46 million compared to CNY 1,308.97 million a year ago. Revenue was CNY 526.46 million compared to CNY 1,308.97 million a year ago. Net loss was CNY 126.91 million compared to CNY 289.08 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to CNY 0.09 a year ago. Diluted loss per share from continuing operations was CNY 0.04 compared to CNY 0.09 a year ago.