Nantong Haixing Electronics Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 434.8 million compared to CNY 471.47 million a year ago. Revenue was CNY 434.8 million compared to CNY 471.47 million a year ago.

Net income was CNY 12.71 million compared to CNY 63.83 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to CNY 0.27 a year ago.