Hangzhou Advance Gearbox Group Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 974.6 million compared to CNY 1,205.12 million a year ago. Revenue was CNY 999.08 million compared to CNY 1,233.81 million a year ago.

Net income was CNY 117.93 million compared to CNY 100.53 million a year ago. Basic earnings per share from continuing operations was CNY 0.2948 compared to CNY 0.2513 a year ago. Diluted earnings per share from continuing operations was CNY 0.2948 compared to CNY 0.2513 a year ago.