Guangzhou Baiyun Electric Equipment Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 775.97 million compared to CNY 420.78 million a year ago. Revenue was CNY 775.97 million compared to CNY 420.78 million a year ago.

Net income was CNY 34.97 million compared to net loss of CNY 54.57 million a year ago. Basic earnings per share from continuing operations was CNY 0.0802 compared to basic loss per share from continuing operations of CNY 0.1252 a year ago. Diluted earnings per share from continuing operations was CNY 0.0802 compared to diluted loss per share from continuing operations of CNY 0.1252 a year ago.