CMST Development Co.,Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 14,827.01 million compared to CNY 15,816.24 million a year ago. Revenue was CNY 14,827.31 million compared to CNY 15,817.59 million a year ago.

Net income was CNY 88.11 million compared to CNY 325.9 million a year ago. Basic earnings per share from continuing operations was CNY 0.0406 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.0406 compared to CNY 0.15 a year ago.