Piesat Information Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 69.954 million compared to CNY 16.762 million a year ago. Operating loss was CNY 43.263 million compared to CNY 35.448 million a year ago. Net loss was CNY 44.975 million compared to CNY 35.672 million a year ago. Basic loss per share from continuing operations was CNY 0.27 compared to CNY 0.21 a year ago. Diluted loss per share from continuing operations was CNY 0.26 compared to CNY 0.21 a year ago.