Tianma Bearing Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 198.99 million compared to CNY 165.6 million a year ago. Revenue was CNY 198.99 million compared to CNY 165.6 million a year ago.

Net income was CNY 56.05 million compared to net loss of CNY 147.35 million a year ago. Basic earnings per share from continuing operations was CNY 0.0282 compared to basic loss per share from continuing operations of CNY 0.0749 a year ago. Diluted earnings per share from continuing operations was CNY 0.0281 compared to diluted loss per share from continuing operations of CNY 0.0749 a year ago.