Hangzhou Advance Gearbox Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 544.89 million compared to CNY 575.1 million a year ago. Revenue was CNY 544.89 million compared to CNY 575.1 million a year ago.

Net income was CNY 65.59 million compared to CNY 49.5 million a year ago. Basic earnings per share from continuing operations was CNY 0.164 compared to CNY 0.1237 a year ago. Diluted earnings per share from continuing operations was CNY 0.164 compared to CNY 0.1237 a year ago.