China Northern Rare Earth (Group) High-Tech Co.,Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 9,231.35 million compared to CNY 9,809.68 million a year ago. Revenue was CNY 9,231.35 million compared to CNY 9,809.68 million a year ago.

Net income was CNY 921.91 million compared to CNY 1,558.13 million a year ago. Basic earnings per share from continuing operations was CNY 0.255 compared to CNY 0.431 a year ago. Diluted earnings per share from continuing operations was CNY 0.255 compared to CNY 0.431 a year ago.