XinJiang Ba Yi Iron & Steel Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 5,096.06 million compared to CNY 6,066.51 million a year ago. Revenue was CNY 5,096.06 million compared to CNY 6,066.51 million a year ago. Net loss was CNY 335.23 million compared to net income of CNY 181.88 million a year ago. Basic loss per share from continuing operations was CNY 0.219 compared to basic earnings per share from continuing operations of CNY 0.116 a year ago. Diluted loss per share from continuing operations was CNY 0.219 compared to diluted earnings per share from continuing operations of CNY 0.116 a year ago.