Bafang Electric (Suzhou) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 451.59 million compared to CNY 761.75 million a year ago. Revenue was CNY 451.59 million compared to CNY 761.75 million a year ago.

Net income was CNY 46.58 million compared to CNY 179.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.2786 compared to CNY 1.0643 a year ago. Diluted earnings per share from continuing operations was CNY 0.2786 compared to CNY 1.0643 a year ago.