Piesat Information Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 195.35 million compared to CNY 69.95 million a year ago. Revenue was CNY 195.35 million compared to CNY 69.95 million a year ago. Net loss was CNY 49.56 million compared to CNY 44.98 million a year ago. Basic loss per share from continuing operations was CNY 0.27 compared to CNY 0.27 a year ago.