Fujian Longxi Bearing (Group) Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 487.74 million compared to CNY 434.77 million a year ago. Revenue was CNY 487.74 million compared to CNY 434.77 million a year ago.

Net income was CNY 68.69 million compared to net loss of CNY 16.41 million a year ago. Basic earnings per share from continuing operations was CNY 0.1719 compared to basic loss per share from continuing operations of CNY 0.0411 a year ago. Diluted earnings per share from continuing operations was CNY 0.1719 compared to diluted loss per share from continuing operations of CNY 0.0411 a year ago.