Jiangsu Guomao Reducer Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 625.73 million compared to CNY 609.76 million a year ago. Revenue was CNY 625.73 million compared to CNY 609.76 million a year ago.

Net income was CNY 80.39 million compared to CNY 64.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.1 a year ago.