Chengdu Galaxy Magnets Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 204.8 million compared to CNY 214.66 million a year ago. Revenue was CNY 204.8 million compared to CNY 214.66 million a year ago.

Net income was CNY 50.08 million compared to CNY 36.62 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.15 compared to CNY 0.11 a year ago.