Ningbo Runhe High-Tech Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 268.03 million compared to CNY 306.1 million a year ago. Revenue was CNY 268.03 million compared to CNY 306.1 million a year ago.

Net income was CNY 15.46 million compared to CNY 25.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.2 a year ago.