Ningbo Dechang Electrical Machinery Made Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 564.24 million compared to CNY 570.16 million a year ago. Revenue was CNY 564.24 million compared to CNY 570.16 million a year ago.

Net income was CNY 42.15 million compared to CNY 60.07 million a year ago. Basic earnings per share from continuing operations was CNY 0.1143 compared to CNY 0.1643 a year ago. Diluted earnings per share from continuing operations was CNY 0.1143 compared to CNY 0.1643 a year ago.