Neway CNC Equipment (Suzhou) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 527.64 million compared to CNY 427.27 million a year ago. Revenue was CNY 527.64 million compared to CNY 427.27 million a year ago.

Net income was CNY 71.73 million compared to CNY 52.88 million a year ago. Basic earnings per share from continuing operations was CNY 0.2196 compared to CNY 0.1619 a year ago.