Cedar Development Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 188.12 million compared to CNY 200.32 million a year ago. Revenue was CNY 188.12 million compared to CNY 200.32 million a year ago.

Net income was CNY 60.35 million compared to net loss of CNY 2.33 million a year ago. Basic earnings per share from continuing operations was CNY 0.1109 compared to basic loss per share from continuing operations of CNY 0.0043 a year ago. Diluted earnings per share from continuing operations was CNY 0.1109 compared to diluted loss per share from continuing operations of CNY 0.0043 a year ago.