Canaan Inc. reported earnings results for the third quarter ended September 30, 2022. For the third quarter, the company reported revenue was CNY 978.21 million compared to CNY 1,317.62 million a year ago. Net income was CNY 61.08 million compared to CNY 512.46 million a year ago.

Basic earnings per share from continuing operations was CNY 0.3585 compared to CNY 2.9385 a year ago. Diluted earnings per share from continuing operations was CNY 0.3555 compared to CNY 2.898 a year ago.