Shanghai Hongda New Material Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 120.733 million compared to CNY 95.970 million a year ago. Operating loss was CNY 5.204 million compared to CNY 3.056 million a year ago. Net loss was CNY 4.873 million compared to CNY 3.050 million a year ago. Basic loss per share from continuing operations was CNY 0.0113 compared to CNY 0.0071 a year ago.