Guangdong Xinbao Electrical Appliances Holdings Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 2,829.29 million compared to CNY 3,642.02 million a year ago. Revenue was CNY 2,829.29 million compared to CNY 3,642.02 million a year ago.

Net income was CNY 138.38 million compared to CNY 178.03 million a year ago. Basic earnings per share from continuing operations was CNY 0.1681 compared to CNY 0.2184 a year ago. Diluted earnings per share from continuing operations was CNY 0.1681 compared to CNY 0.2184 a year ago.