Shanghai Xinhua Media Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 165.82 million compared to CNY 181.24 million a year ago. Revenue was CNY 165.82 million compared to CNY 181.24 million a year ago.

Net income was CNY 4.13 million compared to net loss of CNY 1.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.004 compared to basic loss per share from continuing operations of CNY 0.002 a year ago. Diluted earnings per share from continuing operations was CNY 0.004 compared to diluted loss per share from continuing operations of CNY 0.002 a year ago.