Cultural Investment Holdings Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 161.73 million compared to CNY 225.12 million a year ago. Revenue was CNY 161.73 million compared to CNY 225.12 million a year ago.

Net loss was CNY 54.62 million compared to CNY 79.65 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to CNY 0.04 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to CNY 0.04 a year ago.