Shanghai Karon Eco-Valve Manufacturing Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 147.51 million compared to CNY 167.2 million a year ago. Revenue was CNY 147.51 million compared to CNY 167.2 million a year ago.

Net income was CNY 5.68 million compared to CNY 23.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.0339 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.0339 compared to CNY 0.19 a year ago.