Hongda Xingye Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 834.18 million compared to CNY 909.36 million a year ago. Revenue was CNY 834.18 million compared to CNY 909.36 million a year ago.

Net income was CNY 1.96 million compared to CNY 102.47 million a year ago. Basic earnings per share from continuing operations was CNY 0.0006 compared to CNY 0.0327 a year ago. Diluted earnings per share from continuing operations was CNY 0.0006 compared to CNY 0.0318 a year ago.