Chongyi Zhangyuan Tungsten Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 822.68 million compared to CNY 872.9 million a year ago. Revenue was CNY 822.68 million compared to CNY 872.9 million a year ago.

Net income was CNY 35.07 million compared to CNY 65.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.0292 compared to CNY 0.0547 a year ago. Diluted earnings per share from continuing operations was CNY 0.0292 compared to CNY 0.0547 a year ago.