Guangzhou Development Group Incorporated reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 10,069.12 million compared to CNY 8,352.36 million a year ago. Revenue was CNY 10,080.76 million compared to CNY 8,367.17 million a year ago.

Net income was CNY 404.16 million compared to CNY 255.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.1161 compared to CNY 0.0734 a year ago. Diluted earnings per share from continuing operations was CNY 0.1161 compared to CNY 0.0734 a year ago.