AVCON Information Technology Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 388.42 million compared to CNY 416.73 million a year ago. Revenue was CNY 412.79 million compared to CNY 448.63 million a year ago.

Net loss was CNY 105.84 million compared to net income of CNY 9.09 million a year ago. Basic loss per share from continuing operations was CNY 0.1993 compared to basic earnings per share from continuing operations of CNY 0.0171 a year ago. Diluted loss per share from continuing operations was CNY 0.1993 compared to diluted earnings per share from continuing operations of CNY 0.0171 a year ago.