Jiangsu New Energy Development Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 554.49 million compared to CNY 535.32 million a year ago. Revenue was CNY 554.49 million compared to CNY 535.32 million a year ago.

Net income was CNY 176.45 million compared to CNY 127.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.14 a year ago.