Kingnet Network Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 954.87 million compared to CNY 1,029.01 million a year ago. Revenue was CNY 954.87 million compared to CNY 1,029.01 million a year ago.

Net income was CNY 289.8 million compared to CNY 248.3 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.12 a year ago.