Sinosteel New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 606.51 million compared to CNY 694.68 million a year ago. Revenue was CNY 606.51 million compared to CNY 694.68 million a year ago.

Net income was CNY 56.14 million compared to CNY 61.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.074 compared to CNY 0.0823 a year ago. Diluted earnings per share from continuing operations was CNY 0.074 compared to CNY 0.0823 a year ago.