Shandong Kaisheng New Materials Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 248.03 million compared to CNY 257.89 million a year ago. Revenue was CNY 248.03 million compared to CNY 257.89 million a year ago.

Net income was CNY 50.67 million compared to CNY 68.84 million a year ago. Basic earnings per share from continuing operations was CNY 0.1205 compared to CNY 0.1637 a year ago. Diluted earnings per share from continuing operations was CNY 0.1205 compared to CNY 0.1637 a year ago.