Losses increased, Yaopi Glass had a net loss of 65.78 million in the first quarter!

Digital Building Materials DataBM. Com reported on April 30 that Yaopi Glass announced its first quarter earnings report yesterday, which showed that in the first quarter of 2023, the company's first quarter revenue was 1.041 billion yuan, down 4.83% from the same period last year. Net profit-65.78 million, net profit after deduction-81.21 million, basic earnings per share-0.07 yuan. In the fourth quarter of

2022, Yaopi Group achieved a revenue of 1.307 billion yuan, a net profit of -13.83 million yuan and a non-net profit of -23 million yuan. Compared with the fourth quarter, Yaopi Group's loss in the first quarter of 2023 continued to expand and its profits were deteriorating.

Source: 2022 Annual Report

of the Company In response to the increase in losses in the first quarter, Yaopi Group said that the cost side of bulk fuels and raw materials continued to run at a high level, while the demand for real estate and automobile industries on the sales side had not yet recovered, resulting in a decrease in sales volume, revenue and gross profit of the company's main business in the first quarter.