Piotech Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 402.38 million compared to CNY 107.52 million a year ago. Revenue was CNY 402.38 million compared to CNY 107.52 million a year ago.

Net income was CNY 53.72 million compared to net loss of CNY 11.88 million a year ago. Basic earnings per share from continuing operations was CNY 0.2838 compared to basic loss per share from continuing operations of CNY 0.0878 a year ago. Diluted earnings per share from continuing operations was CNY 0.2838 compared to diluted loss per share from continuing operations of CNY 0.0878 a year ago.