Beijing Beimo High-tech Frictional Material Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 314.66 million compared to CNY 368.22 million a year ago. Revenue was CNY 314.66 million compared to CNY 368.22 million a year ago.

Net income was CNY 135.02 million compared to CNY 154.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.41 compared to CNY 0.47 a year ago. Diluted earnings per share from continuing operations was CNY 0.41 compared to CNY 0.47 a year ago.