Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 225.7 million compared to CNY 220.93 million a year ago. Revenue was CNY 225.7 million compared to CNY 220.93 million a year ago.

Net income was CNY 32.48 million compared to CNY 22.85 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.1 a year ago.