Fujian Kuncai Material Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 198.78 million compared to CNY 213.85 million a year ago. Revenue was CNY 198.78 million compared to CNY 213.85 million a year ago. Net income was CNY 26.69 million compared to CNY 44.01 million a year ago. Basic earnings per share from continuing operations was CNY 0.057 compared to CNY 0.094 a year ago. Diluted earnings per share from continuing operations was CNY 0.057 compared to CNY 0.094 a year ago.