Tahoe Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 969.25 million compared to CNY 245.86 million a year ago. Revenue was CNY 969.25 million compared to CNY 245.86 million a year ago.

Net loss was CNY 607.34 million compared to CNY 404.89 million a year ago. Basic loss per share from continuing operations was CNY 0.244 compared to CNY 0.1627 a year ago. Diluted loss per share from continuing operations was CNY 0.244 compared to CNY 0.1627 a year ago.