Hongbaoli Group Corporation, Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 561.83 million compared to CNY 713.74 million a year ago. Revenue was CNY 561.83 million compared to CNY 713.74 million a year ago.

Net loss was CNY 20.11 million compared to CNY 30.71 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.