Tianjin Guifaxiang 18th Street Mahua Food Co.,Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 233.24 million compared to CNY 397.8 million a year ago. Revenue was CNY 236.34 million compared to CNY 405.12 million a year ago.

Net loss was CNY 70.61 million compared to net income of CNY 21.29 million a year ago. Basic loss per share from continuing operations was CNY 0.35 compared to basic earnings per share from continuing operations of CNY 0.11 a year ago. Diluted loss per share from continuing operations was CNY 0.35 compared to diluted earnings per share from continuing operations of CNY 0.11 a year ago.