According to the Zhitong Finance App, Fengzhu Textile (600493.SH) released a report for the first quarter of 2023, achieving revenue of 214 million yuan, a year-on-year decrease of 19.01%. The net loss attributable to shareholders of listed companies was RMB 5,9283 million. Net loss attributable to shareholders of listed companies after deducting non-recurring profit and loss was $15,4889 million.

The decline in operating income was mainly due to the decline in export sales revenue and the decline in subsidiary cotton yarn sales during the reporting period; profit losses were mainly due to the decline in sales revenue during the reporting period, which led to a decline in gross sales margin and gross profit.