Yangzhou Seashine 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 47.86 million compared to CNY 82.78 million a year ago. Revenue was CNY 47.86 million compared to CNY 82.78 million a year ago.

Net income was CNY 6.12 million compared to CNY 21.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0244 compared to CNY 0.0868 a year ago. Diluted earnings per share from continuing operations was CNY 0.0244 compared to CNY 0.0868 a year ago.