Shanghai MOONS' Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 649.63 million compared to CNY 675.76 million a year ago. Revenue was CNY 649.63 million compared to CNY 675.76 million a year ago.

Net income was CNY 32.49 million compared to CNY 39.12 million a year ago. Basic earnings per share from continuing operations was CNY 0.0778 compared to CNY 0.094 a year ago. Diluted earnings per share from continuing operations was CNY 0.077 compared to CNY 0.0931 a year ago.