Hwatsing Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 616.16 million compared to CNY 348.38 million a year ago. Revenue was CNY 616.16 million compared to CNY 348.38 million a year ago.

Net income was CNY 193.87 million compared to CNY 91.24 million a year ago. Basic earnings per share from continuing operations was CNY 1.2215 compared to CNY 0.7651 a year ago. Diluted earnings per share from continuing operations was CNY 1.2215 compared to CNY 0.7651 a year ago.