Advanced Fiber Resources (Zhuhai), Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 154.99 million compared to CNY 140.98 million a year ago. Revenue was CNY 154.99 million compared to CNY 140.98 million a year ago.

Net income was CNY 15.5 million compared to CNY 22.95 million a year ago. Basic earnings per share from continuing operations was CNY 0.0619 compared to CNY 0.0921 a year ago. Diluted earnings per share from continuing operations was CNY 0.0619 compared to CNY 0.0921 a year ago.