Fujian Kuncai Material Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 241.95 million compared to CNY 198.78 million a year ago. Revenue was CNY 241.95 million compared to CNY 198.78 million a year ago.

Net income was CNY 13.48 million compared to CNY 26.69 million a year ago. Basic earnings per share from continuing operations was CNY 0.0288 compared to CNY 0.057 a year ago. Diluted earnings per share from continuing operations was CNY 0.0288 compared to CNY 0.057 a year ago.