Jiangsu Changhai Composite Materials Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 603.08 million compared to CNY 753.99 million a year ago. Revenue was CNY 603.08 million compared to CNY 753.99 million a year ago.

Net income was CNY 81.35 million compared to CNY 228.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.56 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.53 a year ago.