Shandong Sinocera Functional Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 785.59 million compared to CNY 836.53 million a year ago. Revenue was CNY 785.59 million compared to CNY 836.53 million a year ago.

Net income was CNY 123.49 million compared to CNY 208.18 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.21 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.21 a year ago.