Tibet Development Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 90.31 million compared to CNY 111.72 million a year ago. Revenue was CNY 90.31 million compared to CNY 111.72 million a year ago.

Net loss was CNY 6.83 million compared to CNY 8.06 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.03 compared to CNY 0.03 a year ago.