Fujian Torch Electron Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 641.5 million compared to CNY 842.93 million a year ago. Revenue was CNY 641.5 million compared to CNY 842.93 million a year ago.

Net income was CNY 126.37 million compared to CNY 193.91 million a year ago. Basic earnings per share from continuing operations was CNY 0.28 compared to CNY 0.42 a year ago. Diluted earnings per share from continuing operations was CNY 0.27 compared to CNY 0.41 a year ago.