Guangdong Guanghong Holdings Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 582.24 million compared to CNY 795.94 million a year ago. Revenue was CNY 582.24 million compared to CNY 795.94 million a year ago.

Net income was CNY 20.38 million compared to CNY 50.13 million a year ago. Basic earnings per share from continuing operations was CNY 0.0349 compared to CNY 0.0859 a year ago. Diluted earnings per share from continuing operations was CNY 0.0349 compared to CNY 0.0859 a year ago.