Guangdong Rongtai Industry Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 90.21 million compared to CNY 198.56 million a year ago. Revenue was CNY 90.21 million compared to CNY 198.56 million a year ago.

Net loss was CNY 41.4 million compared to CNY 13.61 million a year ago. Basic loss per share from continuing operations was CNY 0.059 compared to CNY 0.019 a year ago. Diluted loss per share from continuing operations was CNY 0.059 compared to CNY 0.019 a year ago.