Earth-Panda Advanced Magnetic Material Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 350.77 million compared to CNY 473.94 million a year ago. Revenue was CNY 350.77 million compared to CNY 473.94 million a year ago.

Net loss was CNY 41.6 million compared to net income of CNY 52.31 million a year ago. Basic loss per share from continuing operations was CNY 0.3714 compared to basic earnings per share from continuing operations of CNY 0.4643 a year ago. Diluted loss per share from continuing operations was CNY 0.3714 compared to diluted earnings per share from continuing operations of CNY 0.4643 a year ago.