Gemdale Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 14,336.94 million compared to CNY 13,313.68 million a year ago. Revenue was CNY 14,359.05 million compared to CNY 13,354.38 million a year ago.

Net income was CNY 507.79 million compared to CNY 626.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to CNY 0.14 a year ago. Diluted earnings per share from continuing operations was CNY 0.11 compared to CNY 0.14 a year ago.