Jingwei Textile Machinery Company Limited reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 1,761.44 million compared to CNY 1,896.16 million a year ago. Revenue was CNY 2,518.48 million compared to CNY 2,855.14 million a year ago.

Net income was CNY 97.48 million compared to CNY 135.99 million a year ago. Basic earnings per share from continuing operations was CNY 0.1384 compared to CNY 0.1931 a year ago. Diluted earnings per share from continuing operations was CNY 0.1384 compared to CNY 0.1931 a year ago.