Fujian Raynen Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 465.49 million compared to CNY 526.82 million a year ago. Revenue was CNY 465.49 million compared to CNY 526.82 million a year ago.

Net income was CNY 16.8 million compared to CNY 23 million a year ago. Basic earnings per share from continuing operations was CNY 0.0809 compared to CNY 0.1091 a year ago. Diluted earnings per share from continuing operations was CNY 0.0809 compared to CNY 0.1091 a year ago.