Essence Fastening Systems (Shanghai) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 103.29 million compared to CNY 93.07 million a year ago. Revenue was CNY 103.29 million compared to CNY 93.07 million a year ago.

Net income was CNY 16.31 million compared to CNY 19.32 million a year ago. Basic earnings per share from continuing operations was CNY 0.1611 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.1611 compared to CNY 0.25 a year ago.