Shandong Kuntai New Material Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 105.43 million compared to CNY 102.38 million a year ago. Revenue was CNY 105.43 million compared to CNY 102.38 million a year ago.

Net income was CNY 9.33 million compared to CNY 15.91 million a year ago. Basic earnings per share from continuing operations was CNY 0.097 compared to CNY 0.18 a year ago. Diluted earnings per share from continuing operations was CNY 0.097 compared to CNY 0.18 a year ago.