Espressif Systems (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 318.12 million compared to CNY 288.95 million a year ago. Revenue was CNY 318.12 million compared to CNY 288.95 million a year ago.

Net income was CNY 31.09 million compared to CNY 27.85 million a year ago. Basic earnings per share from continuing operations was CNY 0.3884 compared to CNY 0.3475 a year ago. Diluted earnings per share from continuing operations was CNY 0.3884 compared to CNY 0.3475 a year ago.